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China Manufacturing PMI

Last Release
Jan 31, 2023
Actual
49.2
Units In
Points
Previous
49
Frequency
Monthly
Next Release
Mar 01, 2023
Time to Release
27 Days 7 Hours
Highest
Lowest
Average
Date Range
Source
54.9
Nov 2020
40.3
Feb 2020
50.04 Points2011-2023Markit Economics
In China, the Caixin Manufacturing PMI Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The Caixin China General Manufacturing PMI edged up to 49.2 in January 2023 from December's 3-month low of 49.0 but less than market consensus of 49.5. This was the sixth straight month of drop in factory activity, amid sluggish operations after an abrupt shift in COVID policy. Output fell the least in 5 months while a fall in new orders eased. Buying levels dropped at the slowest pace in 3 months; while foreign demand remained weak, falling for the sixth month. Meantime, employment shrank for the 10th month with backlogs of work up for the first time since May 2022. Delivery times improved notably despite logistics had not returned to normal. On inflation, input and output prices diverged for the fourth month running. The rise in input cost was due to elevated cost of raw materials, particularly metals, while output prices fell, on sluggish market activity. Finally, sentiment was at its highest since April 2021, buoyed by hopes of better economic conditions and a rebound in orders.

China Manufacturing PMI History

Last 12 readings

China Business Indicators

All China indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Business Confidence
50.1
Jan 2023
47
Dec 2022
35.7
Feb 2020
59.2
Apr 2008
PointsMonthly2005-2023
Capacity Utilization
75.7
Dec 2022
75.6
Sep 2022
67.3
Mar 2020
78.4
Jun 2021
%Quarterly2013-2022
Car Production
2,125,000
Dec 2022
2,151,000
Nov 2022
195,000
Feb 2020
2,669,100
Nov 2017
UnitsMonthly2005-2022
Car Registrations
2,265,000
Dec 2022
2,075,000
Nov 2022
213,534
Feb 2005
2,672,300
Dec 2016
Monthly2005-2022
Cement Production
16,844
Dec 2022
19,172
Nov 2022
781.5
Jan 1984
24,868.68
May 2020
Ten Thousands of TonnesMonthly1983-2022
Changes In Inventories
10,996
Dec 2021
6,718
Dec 2020
3
Dec 1962
15,873.1
Dec 2018
CNY HMLYearly1952-2021
Competitiveness Index
73.9
Dec 2019
72.61
Dec 2018
4.55
Dec 2007
73.9
Dec 2019
PointsYearly2007-2019
Competitiveness Rank
28
Dec 2019
28
Dec 2018
26
Dec 2012
34
Dec 2007
Yearly2007-2019
Composite PMI
48.3
Dec 2022
47
Nov 2022
27.5
Feb 2020
57.5
Nov 2020
PointsMonthly2013-2022
Corporate Profits
8,403,850
Dec 2022
7,717,960
Nov 2022
1,617
Feb 1998
8,709,210
Dec 2021
CNY MillionMonthly1996-2022
Corruption Index
45
Dec 2022
45
Dec 2021
21.6
Dec 1995
45
Dec 2021
PointsYearly1995-2022
Corruption Rank
65
Dec 2022
66
Dec 2021
40
Dec 1995
100
Dec 2014
Yearly1995-2022
Ease of Doing Business
31
Dec 2019
46
Dec 2018
31
Dec 2019
99
Dec 2012
Yearly2008-2019
Electricity Production
757,900
Dec 2022
666,671.58
Nov 2022
41,760
Feb 1989
824,800
Aug 2022
Gigawatt-hourMonthly1989-2022
Employed Persons
74,652
Dec 2021
75,064
Dec 2020
20,729
Dec 1952
77,640
Dec 2017
Tens of ThousandsYearly1952-2021
IP Addresses
98,862,937
Mar 2017
104,032,031
Dec 2016
28,818,357
Sep 2007
119,094,184
Mar 2015
IPQuarterly2007-2017
Industrial Production
1.3
Dec 2022
2.2
Nov 2022
-21.1
Jan 1990
35.1
Jan 2021
%Monthly1990-2022
Industrial Production Mom
0.06
Dec 2022
-0.31
Nov 2022
-22.1
Feb 2020
36.56
Mar 2020
%Monthly2011-2022
Industrial Profits
0.8
Jun 2022
-6.5
May 2022
-34.9
Mar 2020
92.3
Mar 2021
%Monthly2012-2022
Internet Speed
7,583.32
Mar 2017
6,295.74
Dec 2016
635.7
Jun 2008
7,583.32
Mar 2017
KBpsQuarterly2007-2017
Leading Economic Index
94.68
Nov 2021
95.34
Oct 2021
94.68
Nov 2021
118.17
Jul 1992
PointsMonthly1991-2021
Manufacturing PMI
49.2
Jan 2023
49
Dec 2022
40.3
Feb 2020
54.9
Nov 2020
PointsMonthly2011-2023
Manufacturing Production
0.2
Dec 2022
2
Nov 2022
-15.7
Jan 2020
39.5
Jan 2021
%Monthly2013-2022
Mining Production
4.9
Dec 2022
5.9
Nov 2022
-6.5
Jan 2020
17.5
Jan 2021
%Monthly2013-2022
NBS General PMI
52.9
Jan 2023
42.6
Dec 2022
28.9
Feb 2020
55.7
Nov 2020
PointsMonthly2017-2023
New Orders
43.9
Dec 2022
46.4
Nov 2022
29.3
Feb 2020
65.1
Apr 2006
PointsMonthly2005-2022
Non Manufacturing PMI
54.4
Jan 2023
41.6
Dec 2022
29.6
Feb 2020
62.2
May 2007
%Monthly2007-2023
Services PMI
48
Dec 2022
46.7
Nov 2022
26.5
Feb 2020
58.4
Jun 2020
PointsMonthly2012-2022
Steel Production
74,500
Nov 2022
79,800
Oct 2022
4,918
Feb 1990
99,500
May 2021
Thousand TonnesMonthly1990-2022
Total Vehicle Sales
2,556,000
Dec 2022
2,327,721
Nov 2022
88,416
Jan 1998
3,060,271
Dec 2017
UnitsMonthly1997-2022

Manufacturing PMI across Asia

Manufacturing PMI global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
China
49.2
Jan 2023
49
Dec 2022
40.3
Feb 2020
54.9
Nov 2020
Points Monthly2011-2023
Hong Kong
49.6
Dec 2022
48.7
Nov 2022
33.1
Feb 2020
54.9
May 2022
Points Monthly2011-2022
India
55.4
Jan 2023
57.8
Dec 2022
27.4
Apr 2020
58.9
Oct 2020
Points Monthly2012-2023
Indonesia
51.3
Jan 2023
50.9
Dec 2022
27.5
Apr 2020
57.2
Oct 2021
Points Monthly2012-2023
Japan
48.9
Jan 2023
48.9
Dec 2022
29.6
Feb 2009
56.2
Jan 2014
Points Monthly2008-2023
Kazakhstan
50.8
Dec 2022
51.9
Nov 2022
39.3
Apr 2020
53
Jun 2022
Points Monthly2019-2022
Malaysia
46.5
Jan 2023
47.8
Dec 2022
31.3
Apr 2020
53.9
Apr 2021
Points Monthly2015-2023
Myanmar
42.1
Dec 2022
44.6
Nov 2022
27.5
Mar 2021
55.5
Apr 2018
Points Monthly2016-2022
Philippines
53.1
Dec 2022
52.7
Nov 2022
31.6
Apr 2020
57.5
Sep 2016
Points Monthly2016-2022
Singapore
49.7
Dec 2022
49.8
Nov 2022
44.7
Apr 2020
53.1
Jan 2018
Points Monthly2012-2022
South Korea
48.5
Jan 2023
48.2
Dec 2022
41.3
May 2020
55.3
Feb 2021
Points Monthly2011-2023
Sri Lanka
44.8
Dec 2022
42.1
Nov 2022
24.2
Apr 2020
67.3
May 2015
Points Monthly2015-2022
Taiwan
44.6
Dec 2022
41.6
Nov 2022
41.5
Oct 2022
62.4
Apr 2021
Points Monthly2011-2022
Thailand
52.5
Dec 2022
51.1
Nov 2022
36.8
Apr 2020
55.7
Sep 2022
Points Monthly2016-2022
Vietnam
46.4
Dec 2022
47.4
Nov 2022
32.7
Apr 2020
56.5
Nov 2018
Points Monthly2012-2022

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