China PMI

China

China: Manufacturers defy global slowdown at the outset of 2012

February 1, 2012

The Purchasing Managers' Index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFPL) inched up from 50.3 points in December to 50.5 points in January, overshooting market expectations that had the PMI falling below the 50-point threshold that separates expansion from contraction. The soft increase observed in January was broad-based, as 3 out of the 5 sub-categories used to calculate the overall index recorded gains over the previous month. New orders, which account for 30% of total PMI, rose to 50.4 points, while production output, which accounts for a quarter of the total PMI, grew to 53.6 points. On the other hand, export orders dropped to 46.9, thus remaining in contraction mode for the fourth month in a row. Moreover, the input prices category, which is a reliable leading indicator of consumer prices, rose to 50 points, marking its highest level in four months. That said, despite the improvement, a majority of components remained below the 50-point threshold The positive January reading suggests that manufacturing remains relatively strong, despite slowing global demand. However, analysts warn that data may have been distorted due to the week-long Chinese New Year holiday.


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