Caixin China Manufacturing Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Source:
Sector:
Business
Medium 52.0 51.2
51.9
Last release Importance Actual Forecast
Previous
51.9
52.0
Next release Actual Forecast
Previous
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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
May 2021
52.0
51.2
51.9
Apr 2021
51.9
50.7
50.6
Mar 2021
50.6
51.1
50.9
Feb 2021
50.9
52.2
51.5
Jan 2021
51.5
53.9
53.0
Dec 2020
53.0
54.2
54.9
Nov 2020
54.9
53.3
53.6
Oct 2020
53.6
53.0
53.0
Sep 2020
53.0
49.9
53.1
Aug 2020
53.1
49.4
52.8
Jul 2020
52.8
48.8
51.2
Jun 2020
51.2
50.0
50.7
May 2020
50.7
49.7
49.4
Apr 2020
49.4
45.1
50.1
Mar 2020
50.1
45.6
40.3
Feb 2020
40.3
51.2
51.1
Jan 2020
51.1
51.6
51.5
Dec 2019
51.5
51.7
51.8
Nov 2019
51.8
51.5
51.7
Oct 2019
51.7
50.8
51.4
Sep 2019
51.4
50.1
50.4
Aug 2019
50.4
49.6
49.9
Jul 2019
49.9
49.7
49.4
Jun 2019
49.4
50.1
50.2
May 2019
50.2
50.4
50.2
Apr 2019
50.2
48.9
50.8
Mar 2019
50.8
48.9
49.9
Feb 2019
49.9
48.9
48.3
Jan 2019
48.3
49.7
49.7
Dec 2018
49.7
49.8
50.2
Nov 2018
50.2
49.6
50.1
Oct 2018
50.1
50.0
50.0
Sep 2018
50.0
50.8
50.6
Aug 2018
50.6
51.0
50.8
Jul 2018
50.8
50.9
51.0
Jun 2018
51.0
50.7
51.1
May 2018
51.1
51.0
51.1
Apr 2018
51.1
51.6
51.0
Mar 2018
51.0
51.6
Feb 2018
51.6
51.5
Jan 2018
51.5
51.7
Dec 2017
51.7
50.8
Nov 2017
50.8
51.0
Oct 2017
51.0
51.0
Sep 2017
51.0
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

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