China: Manufacturing PMI - Caixin

Macro

2026-04-01
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
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AI Data Insight

In March 2026, China's Caixin Manufacturing PMI recorded 50.8, retreating from the previous value of 52.1 and missing market expectations of 51.6, though it remained above the boom-or-bust line. Data showed that growth in both output and new orders slowed, yet the employment index welcomed its longest expansion period in nearly five years. Affected by Middle East geopolitics, both raw material and factory gate price inflation hit recent multi-year highs, adding cost variables to the future manufacturing recovery.

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AI Data Insight

In March 2026, China's Caixin Manufacturing PMI recorded 50.8, retreating from the previous value of 52.1 and missing market expectations of 51.6, though it remained above the boom-or-bust line. Data showed that growth in both output and new orders slowed, yet the employment index welcomed its longest expansion period in nearly five years. Affected by Middle East geopolitics, both raw material and factory gate price inflation hit recent multi-year highs, adding cost variables to the future manufacturing recovery.

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