China Manufacturing Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Sector:
Business
High 50.5 49.6
49.2
Last release Importance Actual Forecast
Previous
50.8
50.5
Next release Actual Forecast
Previous
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China Manufacturing Purchasing Managers Index (PMI) is an alternative indicator of China's manufacturing PMI, which is calculated by state statistics bodies. The calculation is based on a monthly survey of purchasing managers from 3000 Chinese manufacturing companies.

The questionnaire includes 13 questions about the following business condition aspects in the past month: production volume, the number of new orders, the number of export orders, the number of unfilled orders, stocks of finished goods in warehouses, purchases, imports, prices paid, prices received, the number of employees, supplier deliveries, expectations for production and business activity for the next 6 months.

Respondents are polled to give a relative rather than a quantitative description of these indicators: whether each of them has improved, worsened or has not changed. Auxiliary diffuse indexes are compiled based on data received. Each of these indexes is calculated as percentage of positive answers plus half of neutral ones. A table of these indicators is provided in the detailed PMI report. However, manufacturing PMI calculation is not based on these 13 diffuse subindexes, but on five group indexes. Their weights are determined in accordance with the degree of their influence on economy:

  • New orders: 30%;
  • Production volum: 25%;
  • Employment: 20%;
  • Supplier deliveries: 15%;
  • Stocks of raw materials: 10%.

PMI is one of the main indicators of the national economy state and particularly of the manufacturing sector. Purchasing managers are usually the first to notice changes in business conditions due to specifics of their work, therefore PMI can be considered a leading indicator of the country's manufacturing sector.

Readings above 50 point to a general growth of manufacturing business activity, and readings below 50 indicate a decline. The growth of manufacturing PMI points to the 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 "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
Mar 2019
50.5
49.6
49.2
Feb 2019
49.2
49.1
49.5
Jan 2019
49.5
49.1
49.4
Dec 2018
49.4
49.8
50
Nov 2018
50
50.5
50.2
Oct 2018
50.2
51
50.8
Sep 2018
50.8
50.8
51.3
Aug 2018
51.3
51.2
51.2
Jul 2018
51.2
52
51.5
Jun 2018
51.5
51.8
51.9
May 2018
51.9
51.5
51.4
Apr 2018
51.4
51.5
51.5
Mar 2018
51.5
50.3
Feb 2018
50.3
51.3
Jan 2018
51.3
51.6
Dec 2017
51.6
51.8
Nov 2017
51.8
51.6
Oct 2017
51.6
52.4
Sep 2017
52.4
51.7
Aug 2017
51.7
51.4
Jul 2017
51.4
51.7
Jun 2017
51.7
51.2
May 2017
51.2
51.2
Apr 2017
51.2
51.8
Mar 2017
51.8
51.6
Feb 2017
51.6
51.3
Jan 2017
51.3
51.4
Dec 2016
51.4
51.7
Nov 2016
51.7
51.2
Oct 2016
51.2
50.4
Sep 2016
50.4
50.4
Aug 2016
50.4
49.9
Jul 2016
49.9
50
Jun 2016
50
50.1
May 2016
50.1
50.1
Apr 2016
50.1
50.2
Mar 2016
50.2
49
Feb 2016
49
49.4
Jan 2016
49.4
49.7
Dec 2015
49.7
49.6
Nov 2015
49.6
49.8
Oct 2015
49.8
49.8
Sep 2015
49.8
49.7
Aug 2015
49.7
50
Jul 2015
50
50.2
Jun 2015
50.2
50.2
May 2015
50.2
50.1
Apr 2015
50.1
50.1
Mar 2015
50.1
49.9
Feb 2015
49.9
49.8

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