The NBS Composite PMI Output Index in China inched up to 51.3 in August 2023 from July's 7-month low of 51.1. Factory activity contracted at the softest pace since March amid recent stimulus measures from Beijing and a string of monetary support from the Chinese central bank. Meanwhile, the service sector continued to expand for the eighth straight month despite the rate of growth softening. China's statistics agency said in a statement that insufficient market demand was still the main problem that enterprises in the country were facing while the foundation for the recovery and development of the manufacturing industry needs to be further consolidated. The Politburo meeting in July described Chinese recovery as "tortuous" and decided to strengthen counter-cyclical adjustments. source: National Bureau of Statistics of China

NBS General PMI in China averaged 52.57 points from 2017 until 2023, reaching an all time high of 57 points in March of 2023 and a record low of 28.90 points in February of 2020. This page includes a chart with historical data for China NBS General PMI. China NBS General PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

NBS General PMI in China is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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China NBS General PMI


China NBS General PMI
In China, the NBS Comprehensive Purchasing Manager Index measures the performance of the manufacturing and non-manufacturing sectors. A reading above 50 indicates an expansion of the overall economic trend compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
51.30 51.10 57.00 28.90 2017 - 2023 points Monthly
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News Stream
China NBS General PMI Edges Higher
The NBS Composite PMI Output Index in China inched up to 51.3 in August 2023 from July's 7-month low of 51.1. Factory activity contracted at the softest pace since March amid recent stimulus measures from Beijing and a string of monetary support from the Chinese central bank. Meanwhile, the service sector continued to expand for the eighth straight month despite the rate of growth softening. China's statistics agency said in a statement that insufficient market demand was still the main problem that enterprises in the country were facing while the foundation for the recovery and development of the manufacturing industry needs to be further consolidated. The Politburo meeting in July described Chinese recovery as "tortuous" and decided to strengthen counter-cyclical adjustments.
2023-08-31
China NBS General PMI Falls to 7-Month Low
The NBS Composite PMI Output Index in China was down to 51.1 in July 2023 from 52.3 in the previous month. It was the lowest figure since December 2022, amid sluggish economic recovery after Beijing removed strict pandemic measures late last year. Factory activity contracted for the fourth month in a row, reflecting weak demand at home and abroad and lingering property downturn; while the service sector expanded the least in seven months. The Politburo meeting last week described Chinese recovery as "tortuous" and mulled to strengthen counter-cyclical adjustments. However, many economists said policymakers are unlikely to launch any aggressive stimulus due to worries over growing local government debt. The country's statistics agency last month warned of persistent global headwinds while highlighting that pressure on the domestic structural adjustment mounted.
2023-07-31
China NBS General PMI Lowest in 6 Months
The NBS Composite PMI Output Index in China dropped to 52.3 in June 2023 from 52.9 in the previous month. It was the lowest figure since December 2022, amid uneven economic recovery after Beijing removed harsh pandemic measures late last year. Factory activity contracted for the third month in a row, reflecting weak demand at home and abroad global and persistent property weakness; while the service sector expanded the least in six months. Chinese economic growth in May and April was weaker than estimated, with youth unemployment hitting a record high last month. The country's statistics agency warned of persistent challenges from abroad while acknowledging that pressure on the domestic structural adjustment mounted. Meantime, Premier Li Qiang recently mentioned that Beijing will take steps to speed up demand, but stopped short of elaborating on any concrete support.
2023-06-30