China PMI

China

China: PMI unexpectedly rises in October

October 31, 2010

The October Purchasing Managers' Index (PMI) from the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFPL) rose by 0.9 percentage points over September to 54.7%. The figure contrasted market forecasts, which had seen the index sliding to 52.9%. At the current level, the index remains above the 50% threshold since March 2009. A reading above 50% indicates that the manufacturing sector is expanding, while a reading below 50% implies a contraction. The improvement was driven by the purchasing prices category, which has been experiencing an upward trend in the last three months. A jump in the prices sub-index reflects increasing production costs, suggesting that prices are likely to spike going forward, as higher costs are passed through consumers in a context of resilient domestic demand. 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%, which is up 0.1 percentage points over last month's estimate. In 2011, growth is likely to moderate to 9.0%.

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