China: Manufacturing PMI - Caixin

Macro

2026-08-03

Description

The China Caixin Manufacturing Purchasing Managers' Index (Caixin PMI) is jointly compiled and published by Caixin Media and IHS Markit. This index is based on a monthly survey of around 650 purchasing managers from state-owned and private manufacturing enterprises in China. It measures the health and economic condition of China's manufacturing sector. A PMI reading above 50% indicates expansion, while below 50% indicates contraction.

The index is composed of five weighted sub-indices: New Orders (30%), Output (25%), Employment (20%), Supplier Delivery Times (15%), and Inventories (10%).

The data is typically released on the first working day of each month, providing insights into the manufacturing activities for the month.

Published by
Caixin Media (Choice)
Frequency
Monthly
Next Update
Hashtags

AI Data Insight

China's Q3 2026 Caixin Manufacturing PMI came in at 50.9, pulling back significantly from the previous 51.7 and falling short of the market expectation of 51.5. The growth rate of both production and new orders slowed down. Coupled with the official PMI simultaneously falling below the boom-or-bust line, this reflects that sluggish domestic demand is dragging down the industry's recovery. In the short term, the market will closely monitor the implementation progress of official infrastructure spending to assess the strength of subsequent economic support.

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AI Data Insight

China's Q3 2026 Caixin Manufacturing PMI came in at 50.9, pulling back significantly from the previous 51.7 and falling short of the market expectation of 51.5. The growth rate of both production and new orders slowed down. Coupled with the official PMI simultaneously falling below the boom-or-bust line, this reflects that sluggish domestic demand is dragging down the industry's recovery. In the short term, the market will closely monitor the implementation progress of official infrastructure spending to assess the strength of subsequent economic support.

Dive in →

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Description

The China Caixin Manufacturing Purchasing Managers' Index (Caixin PMI) is jointly compiled and published by Caixin Media and IHS Markit. This index is based on a monthly survey of around 650 purchasing managers from state-owned and private manufacturing enterprises in China. It measures the health and economic condition of China's manufacturing sector. A PMI reading above 50% indicates expansion, while below 50% indicates contraction.

The index is composed of five weighted sub-indices: New Orders (30%), Output (25%), Employment (20%), Supplier Delivery Times (15%), and Inventories (10%).

The data is typically released on the first working day of each month, providing insights into the manufacturing activities for the month.

Published by
Caixin Media (Choice)
Frequency
Monthly
Next Update
Hashtags