China: Manufacturing PMI - Official

Macro

2026-03-31
Description

China's Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the National Bureau of Statistics (NBS). This index is based on monthly surveys of purchasing managers from approximately 3,200 manufacturing enterprises and is a crucial indicator of the overall performance and health of the manufacturing sector in China. A PMI reading above 50% indicates expansion, while a reading below 50% indicates contraction.

The Manufacturing PMI is calculated using five weighted categories: New Orders (30%), Production (25%), Employment (20%), Supplier Delivery Time (15%) and Inventory (10%).

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

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PMI

AI Data Insight

The newly released official Q1 manufacturing PMI for China surged significantly from the previous value of 49.0 to 50.4, beating market expectations of 50.1 and successfully returning above the boom-or-bust line. Benefiting from the resumption of work and production after the Spring Festival, as well as simultaneous improvements in domestic and external demand, both the production and new orders indices expanded strongly, injecting a shot in the arm for economic recovery.

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AI Data Insight

The newly released official Q1 manufacturing PMI for China surged significantly from the previous value of 49.0 to 50.4, beating market expectations of 50.1 and successfully returning above the boom-or-bust line. Benefiting from the resumption of work and production after the Spring Festival, as well as simultaneous improvements in domestic and external demand, both the production and new orders indices expanded strongly, injecting a shot in the arm for economic recovery.

Dive in →

You May Also Like

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Macro
Description

China's Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the National Bureau of Statistics (NBS). This index is based on monthly surveys of purchasing managers from approximately 3,200 manufacturing enterprises and is a crucial indicator of the overall performance and health of the manufacturing sector in China. A PMI reading above 50% indicates expansion, while a reading below 50% indicates contraction.

The Manufacturing PMI is calculated using five weighted categories: New Orders (30%), Production (25%), Employment (20%), Supplier Delivery Time (15%) and Inventory (10%).

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

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PMI