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.

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 51.3 52 -0.0134615 0.00195312 -1.0 1.0 0.383333 2021-06-30

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

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Shanghai Composite SSEC 3562.66 1 1 1.64904 66.1356 0.97 -0.1 2.82 0.16105
China ETF FXI 43.72 1 1 1.71797 62.6053 -1.33 -3.23 -6.72 0.07797
Chinese Yuan US Dollar (CNY/USD) CNHUSD 6.46 -0.5 -1 -1.99133 37.2081 0.02 -0.28 -0.24 -0.05619
China 5-Year Bond Yield CN.5Y 2.75 -1 -0.25 0.68225 29.772 -0.9 -6.75 -8.46 0.04504
China 2-year bond yield CN.2Y 2.48 -1 -0.25 0.728 27.7591 -1.31 -9.98 -10.4 0.03111
China Yield Curve CN.YC 0.46 1 0.5 -0.46123 67.3871 4.07 22.67 4.55 0.00688
China Credit Default Swaps CDS.China 38.25 -1 -1 -1.41448 40.9453 2.68 5.52 -4.38 -0.16463
Export-Import Bank of China Credit Default Swaps CDS.Export-Import-Bank-of-China 35 -1 -1 -1.37529 43.9717 0 4.48 -6.67 -0.14119

China Financial News Stream

China Macroeconomic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 515.3 455.4 0.131533 0.150377 1.0 1.0 0.7 2021-06-30
bank lending rate 2.95 2.95 0 -0.106061 -1.0 -1.0 0 2020-05-30
banks balance sheet 2120 1500 0.413333 0.171271 1.0 1.0 0.7 2021-06-30
business confidence 50.9 51 -0.00196078 0 -1.0 -1.0 0.391667 2021-06-30
capacity utilization 78.4 77.2 0.015544 0.0208333 1.0 1.0 0 2021-06-01
capital flows -751 -418.979 0.792453 -2.0353 -1.0 -1.0 0.116667 2021-01-01
car registrations 1569000 1646040 -0.0468032 -0.110544 -1.0 -1.0 0.2 2021-06-30
cash reserve ratio 12.5 12.5 0 -0.0740741 -1.0 -1.0 0.575 2020-07-30
central bank balance sheet 382315 382773 -0.00119653 0.0609605 1.0 1.0 0.933333 2021-04-30
composite pmi 50.6 53.8 -0.0594796 -0.0915619 -1.0 -1.0 0.0666667 2021-06-30
consumer confidence 121.8 121.5 0.00246914 0.0518135 1.0 1.0 0.7 2021-05-31
consumer price index cpi 100.2 100.6 -0.00397614 -0.0923913 -1.0 -1.0 0.0833333 2021-06-30
core inflation rate 0.9 0.7 0.285714 -0.181818 1.0 -1.0 0.391667 2021-05-31
current account 751 1237.65 -0.393205 -2.86283 1.0 1.0 0.0333333 2021-01-01
current account to gdp 1.9 0.8 1.375 -0.795699 -1.0 -1.0 0 2020-01-31
deposit interest rate 0.35 0.35 0 0 -1.0 -1.0 0.508333 2021-02-28
exports 2814.2 2639.22 0.0662999 0.322158 1.0 1.0 0.95 2021-06-30
external debt 24007.9 20573 0.166962 5.15335 1.0 1.0 0 2019-02-28
fiscal expenditure 17157 17693 -0.0302945 -0.0630734 -1.0 -1.0 0.183333 2021-05-31
foreign direct investment 909.6 753 0.207968 0.339025 1.0 1.0 0.933333 2021-06-30
foreign exchange reserves 3214000 3220000 -0.00186335 0.0326668 1.0 1.0 0.866667 2021-06-30
gdp 14722.7 14342.9 0.02648 2.20455 1.0 1.0 0 2020-01-31
Real GDP 532167 249310 1.13456 0.249224 -1.0 1.0 0.1 2021-06-30
gdp growth 1.3 0.4 2.25 -0.1875 -1.0 -1.0 0 2021-04-01
gdp growth annual 7.9 18.3 -0.568306 0.144928 1.0 1.0 0.85 2021-04-01
gold reserves 1948.31 1948.31 0 0.057393 1.0 1.0 0.55 2020-08-01
government budget -3.7 -2.8 0.321429 8.02439 -1.0 -1.0 0 2020-01-31
Government budget -178.3 4.2 -43.4524 0.0258918 1.0 -1.0 0.5 2021-05-31
government debt to gdp 66.8 57.1 0.169877 1.47407 1.0 1.0 0 2020-01-31
government revenues 18446 20893 -0.117121 0.142238 1.0 1.0 0.833333 2021-05-31
housing index 4.7 4.9 -0.0408163 -0.0408163 1.0 -1.0 0.6 2021-06-30
imports 2298.9 2183.83 0.0526918 0.367945 1.0 1.0 0.916667 2021-06-30
industrial production 8.3 8.8 -0.0568182 0.729167 -1.0 1.0 0.966667 2021-06-30
industrial production mom 0.56 0.52 0.0769231 -0.565891 -1.0 -1.0 0.15 2021-06-30
inflation cpi 1.1 1.3 -0.153846 -0.56 1.0 -1.0 0.166667 2021-06-30
interbank rate 3.47 3.46 0.00289017 0.0579268 1.0 1.0 0.708333 2021-05-03
interest rate 3.85 3.85 0 -0.0941176 -1.0 -1.0 0.025 2020-05-20
loan growth 12.3 12.2 0.00819672 -0.0681818 -1.0 -1.0 0.283333 2021-06-30
loans to private sector 36700 19200 0.911458 0.0582163 1.0 1.0 0.366667 2021-06-30
manufacturing pmi 51.3 52 -0.0134615 0.00195312 -1.0 1.0 0.383333 2021-06-30
money supply m0 8430 8420 0.00118765 0.0609192 1.0 1.0 0.55 2021-06-30
money supply m1 63750 61680 0.0335603 0.0549082 1.0 1.0 0.383333 2021-06-30
money supply m2 231780 227500 0.0188132 0.085646 1.0 1.0 0.266667 2021-06-30
non manufacturing pmi 53.5 55.2 -0.0307971 -0.0165441 -1.0 -1.0 0.15 2021-06-30
Producer Price Index 107.4 105.7 0.0160833 0.0248092 1.0 1.0 0 2021-05-31
PPI Index 8.8 9 -0.0222222 -3.93333 1.0 1.0 0.158333 2021-06-30
retail sales MoM 0.7 0.81 -0.135802 -0.333333 -1.0 -1.0 0.166667 2021-06-30
retail sales 12.1 12.4 -0.0241935 -7.72222 -1.0 1.0 0.0166667 2021-06-30
reverse repo rate 2.2 2.2 0 -0.137255 -1.0 -1.0 0.175 2020-04-30
services pmi 50.3 55.1 -0.0871143 -0.138699 -1.0 -1.0 0.0666667 2021-06-30
total vehicle sales 2020000 2132800 -0.0528882 -0.121625 -1.0 -1.0 0.166667 2021-06-30
unemployment rate 5 5.1 -0.0196078 -0.152542 -1.0 -1.0 0.0166667 2021-05-31
China Leading Economic Conference Board Index 160.6 158.7 0.0119723 0.0565789 1.0 1.0 0.516667 2020-11-01
LEI - Consumer Expectation Index 126.7 126.7 0 0.0620285 1.0 1.0 0.766667 2021-04-01
LEI - New Export Orders 50 50.6 -0.0118577 0.48368 1.0 1.0 0.983333 2021-04-01
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