China Composite PMI

Last Release

Jul 31, 2024

Actual

51.2

Units In

Points

52.8

Frequency

Monthly

Next Release

Sep 30, 2024

Time to Release

23 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
57.5 Nov 2020	27.5 Feb 2020	51.27 Points	2013-2024	Markit Economics

In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The Caixin China General Composite PMI stood at 51.2 in August 2024, unchanged from July's 9-month low. Still, it was the tenth straight month of growth in private sector activity, with faster manufacturing output growth offsetting slower services activity expansion. Likewise for new orders, a renewed improvement in the manufacturing sector contrasted with a slower increase in services new business, though overall growth picked up pace. Meanwhile, employment levels fell despite rising backlogged orders. On prices, input cost inflation rose slightly, but increased competition resulted in selling prices falling the most since January. Charges declined across both manufacturing and service sectors. Looking ahead, confidence strengthened. "There is an increasingly urgent need for China to enhance policy support and ensure the effective implementation of earlier policies," said Dr. Wang Zhe, senior economist at Caixin Insight Group.