The Caixin China General Manufacturing PMI rose to 50.3 in October 2024 from 49.3 in the prior month, beating market forecasts of 49.7 while marking a shift to an expansion in factory activity after a series of stimulus measures from Beijing in late September. Output grew at the fastest pace in four months, driven by a renewed rise in new orders and increased buying levels. However, export orders continued to fall, albeit at a slower rate. Employment shrank the most in almost 1-1/2 years, with unfinished work growing due to a reduction in workforce capacity. On prices, input cost rose after falling in the previous two months, reflecting rising material costs. Consequently, selling prices increased for the first time since June as firms passed on the higher input costs. Despite this, export charges continued to fall as exporters faced heightened competition. Meantime, freight costs fell for some exports but lead times lengthened again. Finally, confidence notched a five-month peak. source: S&P Global
Manufacturing PMI in China increased to 50.30 points in October from 49.30 points in September of 2024. Manufacturing PMI in China averaged 50.11 points from 2011 until 2024, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Manufacturing PMI in China increased to 50.30 points in October from 49.30 points in September of 2024. Manufacturing PMI in China is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.30 points in 2025 and 53.00 points in 2026, according to our econometric models.