China PMI

China

China: PMI continues to rise while industrial production slows markedly

May 1, 2012

The Purchasing Managers' Index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) rose from 53.1 points in March to 53.3 points in April. Despite the improvement, the figure came in below market expectations that had the PMI jumping to 53.6 points. The reading represents the fifth consecutive monthly increase in the index and, at the current level, the PMI is sitting at its highest point since March 2011. The April increase was mainly due to a strong expansion in the production output category, which accounts for a quarter of the total PMI, while new orders, which account for 30% of the total PMI, lost some ground. In addition, a majority of components remained above the 50-point threshold that separates expansion from contraction. Meanwhile, the input prices category, which is a reliable leading indicator of consumer prices, moderated after reaching its highest level in six months in March. Industrial production rose 9.3% in April, which was below both March's 11.9% expansion and market expectations that had industrial output increasing 12.2%. The figure represented, in fact, the weakest pace of expansion since May 2009. Owing to the softer reading, the annual average growth in industrial production slowed from 13.0% in March to 12.7% in April.


Author:,

Sample Report

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

Download




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