China PMI

The China Manufacturing PMI index measures the performance of the manufacturing sector from a survey conducted of 450 private industrial companies. Since the Caixin Manufacturing PMI survey is based on data from small and medium sized enterprises it is more sensitive to changes in China’s Economy. Readings above 50 indicate economic expansion of the manufacturing sector compared to the previous month and vice-versa. 

China’s manufacturing pmi decreased to 51.3 by -1.35% on June 2021 from 52.0 in the previous month. On a year on year basis China’s manufacturing pmi increased by 0.2%. China’s manufacturing pmi trend is down since the current value of 51.3 is lower than the 12 month moving average of 52.3833. and the 12 month moving average slope is up. China’s manufacturing pmi 5-year percentile is currently at 38.33%.

China manufacturing PMI Chart

China manufacturing PMI

China Manufacturing PMI Statistics

Click here to explore the methodology used for estimating the China manufacturing pmi signals presented in the statistics table below.

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
manufacturing pmi51.352-0.01346150.00195312-1.01.00.3833332021-06-30

China manufacturing PMI analysis

China’s manufacturing pmi is an index of the prevailing economic trends in the manufacturing sector. PMI is a number from 0 to 100. China’s Manufacturing PMI values above 50 represent economic expansion when compared with the previous month. China’s Manufacturing PMI values under 50 represent economic contraction, and a reading at 50 indicates no change. China manufacturing PMI is based on a monthly survey of supply chain managers across different industries. The PMI is based on five major survey areas: new orders, inventory levels, production, supplier deliveries, and employment. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

China manufacturing pmi trend

China manufacturing pmi trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the China manufacturing pmi has recorded new highs or lows. China manufacturing pmi trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

China manufacturing pmi momentum

China manufacturing pmi momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.

China Financial Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Shanghai CompositeSSEC3562.66111.6490466.13560.97-0.12.820.16105
China ETFFXI43.72111.7179762.6053-1.33-3.23-6.720.07797
Chinese Yuan US Dollar (CNY/USD)CNHUSD 6.46-0.5-1-1.9913337.20810.02-0.28-0.24-0.05619
China 5-Year Bond YieldCN.5Y2.75-1-0.250.6822529.772-0.9-6.75-8.460.04504
China 2-year bond yieldCN.2Y2.48-1-0.250.72827.7591-1.31-9.98-10.40.03111
China Yield CurveCN.YC0.4610.5-0.4612367.38714.0722.674.550.00688
China Credit Default SwapsCDS.China38.25-1-1-1.4144840.94532.685.52-4.38-0.16463
Export-Import Bank of China Credit Default SwapsCDS.Export-Import-Bank-of-China35-1-1-1.3752943.971704.48-6.67-0.14119

China Financial News Stream

China Macroeconomic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade515.3455.40.1315330.1503771.01.00.72021-06-30
bank lending rate2.952.950-0.106061-1.0-1.002020-05-30
banks balance sheet212015000.4133330.1712711.01.00.72021-06-30
business confidence50.951-0.001960780-1.0-1.00.3916672021-06-30
capacity utilization78.477.20.0155440.02083331.01.002021-06-01
capital flows-751-418.9790.792453-2.0353-1.0-1.00.1166672021-01-01
car registrations15690001646040-0.0468032-0.110544-1.0-1.00.22021-06-30
cash reserve ratio12.512.50-0.0740741-1.0-1.00.5752020-07-30
central bank balance sheet382315382773-0.001196530.06096051.01.00.9333332021-04-30
composite pmi50.653.8-0.0594796-0.0915619-1.0-1.00.06666672021-06-30
consumer confidence121.8121.50.002469140.05181351.01.00.72021-05-31
consumer price index cpi100.2100.6-0.00397614-0.0923913-1.0-1.00.08333332021-06-30
core inflation rate0.90.70.285714-0.1818181.0-1.00.3916672021-05-31
current account7511237.65-0.393205-2.862831.01.00.03333332021-01-01
current account to gdp1.90.81.375-0.795699-1.0-1.002020-01-31
deposit interest rate0.350.3500-1.0-1.00.5083332021-02-28
exports2814.22639.220.06629990.3221581.01.00.952021-06-30
external debt24007.9205730.1669625.153351.01.002019-02-28
fiscal expenditure1715717693-0.0302945-0.0630734-1.0-1.00.1833332021-05-31
foreign direct investment909.67530.2079680.3390251.01.00.9333332021-06-30
foreign exchange reserves32140003220000-0.001863350.03266681.01.00.8666672021-06-30
gdp14722.714342.90.026482.204551.01.002020-01-31
Real GDP5321672493101.134560.249224-1.01.00.12021-06-30
gdp growth1.30.42.25-0.1875-1.0-1.002021-04-01
gdp growth annual7.918.3-0.5683060.1449281.01.00.852021-04-01
gold reserves1948.311948.3100.0573931.01.00.552020-08-01
government budget-3.7-2.80.3214298.02439-1.0-1.002020-01-31
Government budget-178.34.2-43.45240.02589181.0-1.00.52021-05-31
government debt to gdp66.857.10.1698771.474071.01.002020-01-31
government revenues1844620893-0.1171210.1422381.01.00.8333332021-05-31
housing index4.74.9-0.0408163-0.04081631.0-1.00.62021-06-30
imports2298.92183.830.05269180.3679451.01.00.9166672021-06-30
industrial production8.38.8-0.05681820.729167-1.01.00.9666672021-06-30
industrial production mom0.560.520.0769231-0.565891-1.0-1.00.152021-06-30
inflation cpi1.11.3-0.153846-0.561.0-1.00.1666672021-06-30
interbank rate3.473.460.002890170.05792681.01.00.7083332021-05-03
interest rate3.853.850-0.0941176-1.0-1.00.0252020-05-20
loan growth12.312.20.00819672-0.0681818-1.0-1.00.2833332021-06-30
loans to private sector36700192000.9114580.05821631.01.00.3666672021-06-30
manufacturing pmi51.352-0.01346150.00195312-1.01.00.3833332021-06-30
money supply m0843084200.001187650.06091921.01.00.552021-06-30
money supply m163750616800.03356030.05490821.01.00.3833332021-06-30
money supply m22317802275000.01881320.0856461.01.00.2666672021-06-30
non manufacturing pmi53.555.2-0.0307971-0.0165441-1.0-1.00.152021-06-30
Producer Price Index107.4105.70.01608330.02480921.01.002021-05-31
PPI Index8.89-0.0222222-3.933331.01.00.1583332021-06-30
retail sales MoM0.70.81-0.135802-0.333333-1.0-1.00.1666672021-06-30
retail sales12.112.4-0.0241935-7.72222-1.01.00.01666672021-06-30
reverse repo rate2.22.20-0.137255-1.0-1.00.1752020-04-30
services pmi50.355.1-0.0871143-0.138699-1.0-1.00.06666672021-06-30
total vehicle sales20200002132800-0.0528882-0.121625-1.0-1.00.1666672021-06-30
unemployment rate55.1-0.0196078-0.152542-1.0-1.00.01666672021-05-31
China Leading Economic Conference Board Index160.6158.70.01197230.05657891.01.00.5166672020-11-01
LEI - Consumer Expectation Index126.7126.700.06202851.01.00.7666672021-04-01
LEI - New Export Orders5050.6-0.01185770.483681.01.00.9833332021-04-01
Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!