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 icnreased to 51.7 by 7.48% on July 2022 from 48.1 in the previous month. On a year on year basis China’s manufacturing pmi increased by 0.78%.China’s manufacturing pmi 5-year percentile is currently at 83.33%.

China manufacturing PMI Chart

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Date Value
31-07-22 50,40
30-06-22 51,70
31-05-22 48,10
30-04-22 46,00
31-03-22 48,10
28-02-22 50,40
31-01-22 49,10
31-12-21 50,90
30-11-21 49,90
31-10-21 50,60

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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 Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
China cn.manpmi 50.4 51.7 -2.51 0.2 UP UP 37.5 2022-08-02

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 3203.05 -1 -1 -3.08197 38.3628 -0.00356 -0.01743 -0.08191 -0.06298
China ETF FXI 33.32 0 -0.75 -1.67768 51.173 0.02146 0.00422 -0.04335 -0.28513
Chinese Yuan US Dollar (CNY/USD) CNHUSD 6.3745 -0.5 0 -0.77284 56.9863 -0.00186 -0.00031 0.00886 -0.02814
China 5-Year Bond Yield CN.5Y 2.54 -0.5 -0.5 -1.25806 49.8778 -0.00392 -0.00196 0.00994 -0.16585
China 2-year bond yield CN.2Y 2.33 0.5 -0.25 -0.96402 58.1222 0.02643 0.02193 0.03879 -0.19544
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 Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade cn.balanceoftrade 101.26 97.94 3.39 80.98 UP UP 38.33 2022-08-06
bank lending rate cn.banks.lendingrate 2.95 2.95 0 -0.106061 -1.0 -1.0 0 2020-05-30
banks balance sheet cn.banks.bs 679 2810 -75.84 -37.13 Down Down 8.33 2022-08-11
business confidence cn.bizconfidence 49 50.2 -2.39 -3.73 Down Down 5 2022-07-31
capacity utilization cn.caputilization 75.1 75.8 -0.92 -1.7 Down Down 0 2022-07-16
capital flows cn.capitalflows -802 -892.4 -10.13 -475.38 Down Down 15 2022-08-06
car registrations cn.carregistrations 2174000 2222000 -2.16 40.17 UP UP 78.33 2022-08-11
cash reserve ratio cn.cashreserveratio 12.5 12.5 0 -0.0740741 -1.0 -1.0 0.575 2020-07-30
central bank balance sheet cn.cb.assets 392555 385320 1.88 0.68 Down UP 90 2022-07-22
composite pmi cn.comppmi 54 55.3 -2.35 1.69 UP UP 83.33 2022-08-03
consumer confidence cn.consconfidence 88.9 86.8 2.42 -27.01 Down Down 3.33 2022-08-06
consumer price index cpi cn.cpi 102.9 102.5 0.39 1.98 UP UP 25 2022-05-26
core inflation rate cn.coreinflationrate 0.9 0.7 0.285714 -0.181818 1.0 -1.0 0.391667 2021-05-31
current account cn.currentaccount 802 888.8 -9.77 161.8 UP UP 73.33 2022-08-06
current account to gdp cn.currentaccountgdp 1.9 0.8 1.375 -0.795699 -1.0 -1.0 0 2020-01-31
deposit interest rate cn.depositrate 0.35 0.35 0 0 -1.0 -1.0 0.508333 2021-02-28
exports cn.exports 332.96 331.3 0.5 17.94 UP UP 28.33 2022-08-06
external debt cn.externaldebt 24007.9 20573 0.166962 5.15335 1.0 1.0 0 2019-02-28
fiscal expenditure cn.fiscalexp 29828 18126 64.56 73.85 UP UP 88.33 2022-07-22
foreign direct investment cn.fdi 1123.5 877.7 28.01 23.52 UP UP 76.67 2022-07-31
foreign exchange reserves cn.fxreserves 3104070 3071210 1.07 -4.07 Down Down 30 2022-08-06
gdp cn.gdp 14722.7 14342.9 0.02648 2.20455 1.0 1.0 0 2020-01-31
Real GDP cn.realgdp 525197 256322 104.9 14.02 Down UP 73.33 2022-07-31
gdp growth cn.gdpgrowth -2.6 1.4 -285.71 -300 Down Down 0 2022-07-16
gdp growth annual cn.gdpgrowthan 0.4 4.8 -91.67 -93.55 Down Down 3.33 2022-07-16
gold reserves cn.goldres 1948.31 1948.31 0 0.057393 1.0 1.0 0.55 2020-08-01
government budget cn.govbudget -3.7 -2.8 0.321429 8.02439 -1.0 -1.0 0 2020-01-31
Government budget cn.govbudgetvalue -411.1 -557.5 -26.26 246.92 Down Down 23.33 2022-07-31
government debt to gdp cn.govdebtgdp 66.8 57.1 0.169877 1.47407 1.0 1.0 0 2020-01-31
government revenues cn.govrev 18482 12446 48.5 0.2 UP UP 81.67 2022-07-22
housing index cn.housingindex -0.1 0.7 -114.29 -102.04 Down Down 1.67 2022-06-16
imports cn.imports 231.7 233.32 -0.69 2.36 UP UP 20 2022-08-11
industrial production cn.indproduction 3.9 0.7 457.14 -53.01 Down Down 15 2022-07-16
industrial production mom cn.indproductionmm 0.84 5.61 -85.03 68 UP UP 85 2022-07-22
inflation cpi cn.inflationcpi 2.5 2.1 19.05 150 UP UP 72.5 2022-08-10
interbank rate cn.interbankrate 3.47 3.46 0.00289017 0.0579268 1.0 1.0 0.708333 2021-05-03
interest rate cn.interestrate 3.85 3.85 0 -0.0941176 -1.0 -1.0 0.025 2020-05-20
loan growth cn.loangrowth 12.3 12.2 0.00819672 -0.0681818 -1.0 -1.0 0.283333 2021-06-30
loans to private sector cn.loanprivate 7561 51700 -85.38 -29.68 Down Down 1.67 2022-08-11
China cn.manpmi 50.4 51.7 -2.51 0.2 UP UP 37.5 2022-08-02
money supply m0 cn.msm0 9650 9601.12 0.51 13.91 UP UP 96.67 2022-08-11
money supply m1 cn.msm1 66180 67437.5 -1.86 6.68 UP UP 98.33 2022-08-11
money supply m2 cn.msm2 257810 258145 -0.13 11.98 UP UP 98.33 2022-08-11
non manufacturing pmi cn.nonmanpmi 53.8 54.7 -1.65 0.94 UP UP 45 2022-07-31
Producer Price Index cn.producerprices 112.8 114.3 -1.31 4.74 UP UP 93.33 2022-08-11
PPI Index cn.producerpricesch 6.1 6.4 -4.69 -32.22 Down Down 70.83 2022-08-10
retail sales MoM cn.retailsales 0.53 0.05 960 29.27 UP UP 38.33 2022-07-22
retail sales cn.retailsalesan 3.1 -6.7 -146.27 -75 UP Down 23.33 2022-07-16
reverse repo rate cn.reverserepo 2.2 2.2 0 -0.137255 -1.0 -1.0 0.175 2020-04-30
services pmi cn.servpmi 55.5 54.5 1.83 1.09 UP UP 91.67 2022-08-03
total vehicle sales cn.vehiclesales 2420000 2502290 -3.29 34.53 UP UP 65 2022-08-11
unemployment rate cn.unemploymentrate 5.9 6.1 -3.28 15.69 UP UP 93.33 2022-06-15
China Leading Economic Conference Board Index cn.lei 160.6 158.7 0.0119723 0.0565789 1.0 1.0 0.516667 2020-11-01
LEI - Consumer Expectation Index cn.leiconsexp 126.7 126.7 0 0.0620285 1.0 1.0 0.766667 2021-04-01
LEI - New Export Orders cn.leiexporders 50 50.6 -0.0118577 0.48368 1.0 1.0 0.983333 2021-04-01