China PMI

China

China: July PMI confirms growth momentum

August 1, 2014

The Purchasing Managers Index (PMI) jumped from 51.0 points in June to 51.7 points in July, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP), which publish the index. July’s print overshot the 51.4 points that market analysts had expected and represented the highest level since April 2012. As a result, the PMI is moving further above the 50-point threshold that separates expansion from contraction in the manufacturing sector, where it has idled since September 2012.

July’s increase reflected an improvement in three of the five sub-categories of the index, with manufacturing output and new orders recording the largest monthly gains. Inventories of finished goods also registered a sizeable improvement. Conversely, employment and the supplier delivery time sub-indices deteriorated slightly in the same month. In addition, new exports orders jumped to the highest level since March 2013, while input prices—a reliable leading indicator for consumer prices—hit a seven-month high in July.

The strong reading tallied in July suggests that growth momentum continues to build in the third quarter, mainly due to improving exports, rapid fiscal spending and targeted policy easing rolled out since March of this year.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to PMI in China? Download a sample report now.

Download

China PMI Chart


China PMI July 2014

Note: Purchasing Managers’ Index. Readings above 50 points indicate an expansion in the manufacturing sector while readings below 50 points indicate a contraction.
Source: National Bureau of Statistics of China (NBS) and the China Federation of Logistics and Purchasing (CFLP).


China Economic News

  • China: Credit and money data paint mixed picture in November

    December 11, 2018

    In November, Chinese banks distributed CNY 1.25 trillion (USD 182 billion) in new yuan loans, well above the CNY 697 billion distributed in October and market expectations of CNY 1.10 trillion.

    Read more

  • China: Inflation slows in November

    December 10, 2018

    Consumer prices fell 0.3% from the previous month in November, contrasting October’s 0.2% increase and marking the lowest print in eight months.

    Read more

  • China: Manufacturing sector slows to a standstill in November, PMI inches down to over two-year low

    November 30, 2018

    The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) edged down to an over two-year low of 50.0% in November from 50.2% in October, undershooting market expectations of a stable 50.2% reading.

    Read more

  • China: Growth in house prices inches up in October

    November 15, 2018

    House prices in 70 large- and medium-sized cities rose 1.0% in October in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).

    Read more

  • China: Industrial production growth inches up in October

    November 14, 2018

    Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%. October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September. On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion.

    Read more

More news

Search form