China: Manufacturing PMI - Caixin

Macro

2026-07-01

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
Hashtags

AI Data Insight

China's May Caixin Manufacturing PMI slightly pulled back to 51.7. Although slightly lower than the previous reading of 51.8, it still significantly beat the market consensus expectation of 51.4. Supported by domestic demand and the high-tech industry, the index has maintained above the boom-or-bust line for seven consecutive months. Despite headwinds from rising energy costs and a slight slowdown in exports, the expansionary resilience of small and medium-sized enterprises continues to provide solid support for the overall manufacturing sector.

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AI Data Insight

China's May Caixin Manufacturing PMI slightly pulled back to 51.7. Although slightly lower than the previous reading of 51.8, it still significantly beat the market consensus expectation of 51.4. Supported by domestic demand and the high-tech industry, the index has maintained above the boom-or-bust line for seven consecutive months. Despite headwinds from rising energy costs and a slight slowdown in exports, the expansionary resilience of small and medium-sized enterprises continues to provide solid support for the overall manufacturing sector.

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