China PMI


China: PMI unexpectedly rises in November

December 1, 2010

The November Purchasing Managers' Index (PMI) produced by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFPL) rose by 0.5 percentage points over October to 55.2%. The figure beat market forecasts, which had seen the index remaining flat at 54.7%, and kept the index above the 50% threshold for the eighth month in a row. A reading above 50% indicates that the manufacturing sector is expanding, while a reading below 50% implies a contraction. The improvement was primarily driven by the input prices category, which has been experiencing an upward trend since July, repeating the pattern observed in the previous month. Soaring production costs are likely to be passed through to consumers, especially in a context of resilient domestic demand, and this supports the Central Bank's concerns about inflation overheating. The government expects economic growth to moderate to 8.7% in the fourth quarter, which is widely in line with the Consensus Forecast. For the full year, the panel anticipates GDP expanding 10.0%. For 2011, panellists maintained their growth estimates from last month at 9.0%, which is higher than the 8.0% growth expected by the National Development and Reform Commission (NDRC).

Sample Report

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


China Economic News

  • 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

  • China: Investment growth accelerates to four-month high in October

    November 14, 2018

    Urban fixed asset investment expanded 5.7% annually in the first 10 months of the year, up from the 5.4% increase in the first 9 months of the year.

    Read more

More news

Search form