China Composite PMI

Last Release

Jul 31, 2024

Actual

51.2

Units In

Points

52.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

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 rose to 51.9 in October 2024 from 50.3 in the prior month, marking the highest reading since June amid a rebound in factory activity and faster growth in the service sector after Beijing rolled out a series of policy measures in late September to bolster an economic turnaround. There was a renewed rise in new orders while unfinished work returned to growth after falling briefly in September. However, workforce capacity continued to shrink, primarily due to declining manufacturing headcounts. On prices, average input prices accelerated while selling prices rose for the first time in four months. Lastly, sentiment improved. "Achieving China’s 2024 growth target will depend on a sustained recovery in consumer demand, " said Dr. Wang Zhe, senior economist at Caixin Insight Group. "That means policy efforts should focus on increasing household disposable income.”