Caixin China Manufacturing Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Source:
Sector:
Business
Medium 50.2 49.6
50.1
Last release Importance Actual Forecast
Previous
49.8
50.2
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Caixin Manufacturing Purchasing Managers Index (PMI) provides an overview of China's manufacturing industry state. The index is calculated based on a survey of purchasing managers from more than 500 large manufacturing companies. Companies are selected based on their contribution to China's GDP, in accordance with the standard industry classification.

The indicator refers to the family of purchasing managers indexes calculated by the international Markit agency. This agency cooperates with Chinese media group Caixin.

PMI is a composite indicator, which comprises five separate subindexes with different weights:

  • New orders index — 0,3;
  • Production — 0,25;
  • Employment — 0,2;
  • Supplier deliveries — 0,15;
  • Inventories — 0,1.

The survey participants are polled to assess changes in their company: whether the above indicators have improved, worsened or remained unchanged in the past month. The questionnaire for the manufacturing sector contains questions about production, new orders (for the domestic market and exports), unfilled orders, prices paid and received, supplier deliveries, stocks, inventories, employment and estimated near-term production outlook.

Diffuse indexes are compiled based on the survey, and the common manufacturing PMI is calculated using these diffuse indexes in accordance with the above weights.

Separate diffuse subindexes may serve as leading indicators: purchasing managers earlier than others feel changes connected with deliveries, orders and other important economic parameters. Thus, their estimates of the market states come earlier than other statistic values, which are usually calculated after the situation has changed.

Readings above 50 point to a general growth of manufacturing business activity, and readings below 50 indicate a decline. The growth of manufacturing PMI suggests further development of Chinese manufacturing industry. This may affect yuan quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "Caixin China Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
50.2
49.6
50.1
Oct 2018
50.1
50
50
Aug 2018
50
50.8
50.6
Aug 2018
50.6
51
50.8
Jul 2018
50.8
50.9
51
Jun 2018
51
50.7
51.1
May 2018
51.1
51
51.1
Apr 2018
51.1
51.6
51
Mar 2018
51
51.6
Feb 2018
51.6
51.5
Jan 2018
51.5
51.7
Dec 2017
51.7
50.8
Nov 2017
50.8
51
Oct 2017
51
51
Sep 2017
51
51.6
Aug 2017
51.6
51.1
Jul 2017
51.1
50.4
Jun 2017
50.4
49.6
May 2017
49.6
50.3
Apr 2017
50.3
51.2
Mar 2017
51.2
51.7
Feb 2017
51.7
51
Jan 2017
51
51.9
Dec 2016
51.9
50.9
Nov 2016
50.9
51.2
Oct 2016
51.2
50.1
Sep 2016
50.1
50
Aug 2016
50
50.6
Jul 2016
50.6
48.6
Jun 2016
48.6
49.2
May 2016
49.2
49.4
Apr 2016
49.4
49.7
Mar 2016
49.7
48
Feb 2016
48
48.4
Jan 2016
48.4
48.2
Dec 2015
48.2
48.6
Nov 2015
48.6
48.3
Oct 2015
48.3
47.2
Sep 2015
47.2
47
Sep 2015 prelim.
47
47.3
Aug 2015
47.3
47.1
Aug 2015 prelim.
47.1
47.8
Jul 2015
47.8
48.2
Jul 2015 prelim.
48.2
49.4
Jun 2015
49.4
49.6
Jun 2015 prelim.
49.6
49.2
May 2015
49.2
49.1
May 2015 prelim.
49.1
48.9
Apr 2015
48.9
49.2
Apr 2015 prelim.
49.2
49.6

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview