China PMI


China: PMI and industrial production ease in June

July 1, 2012

The Purchasing Managers Index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell from 50.4 points in May to 50.2 points in June. The deterioration, however, overshot market expectations, which had the PMI declining further to 49.9 points. The reading represents the second consecutive monthly drop in the index and, at the current level, the PMI is now sitting at its lowest point since November 2011. The June deterioration was broad-based, as three out of the five categories that compose the index recorded losses over the previous month. In particular, the production output and the employment categories suffered the largest falls. The input prices category, which is a reliable leading indicator of consumer prices, continued to fall, while export orders, a gauge for future shipments of manufactures, lost 2.9 points and dived below the 50-point threshold that separates expansion from contraction. Meanwhile, industrial production added 9.5% in June over the same month last year, slightly down from the 9.6% increase observed in May. Moreover, the print undershot market expectations that had industrial output increasing 9.8%. Owing to the weaker reading, the trend continues to point downwards, with annual average growth in industrial production slowing from 12.4% in May to 11.9% in June.


Sample Report

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


China PMI Chart

China PMI June 2012

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