China: Manufacturing PMI - Caixin

Macro

2026-09-30

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 Caixin Manufacturing PMI for September 2026 (Q3) recorded 52.1, climbing further from the previous value of 51.5 and beating the market expectation of 51.7 to hit a recent high. The data indicates continuous expansion in private manufacturing activities. Coupled with the official PMI returning above the boom-or-bust line, it confirms a phased recovery in the manufacturing sector's prosperity. As the authorities roll out a series of incremental easing policies, the market expects economic momentum to gain substantial support in the short term.

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AI Data Insight

China's Caixin Manufacturing PMI for September 2026 (Q3) recorded 52.1, climbing further from the previous value of 51.5 and beating the market expectation of 51.7 to hit a recent high. The data indicates continuous expansion in private manufacturing activities. Coupled with the official PMI returning above the boom-or-bust line, it confirms a phased recovery in the manufacturing sector's prosperity. As the authorities roll out a series of incremental easing policies, the market expects economic momentum to gain substantial support in the short term.

Dive in →

You May Also Like

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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