Caixin Flash China General Manufacturing PMI™
Flash China General Manufacturing PMI™ at 47.1 in August (47.8 in July). 77-month low. Flash China General Manufacturing Output Index at 46.6 in August (47.1 in July). 45-month low. Data collected 12–19 August 2015. The Caixin Flash China General Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis ahead of final PMI data, making the Caixin PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data. August final PMI data will be released on 1 September 2015.
Summary 50.0 = no-change on previous month (seasonally adjusted) PMI Decrease, faster rate Output Decrease, faster rate New Orders Decrease, faster rate New Export Orders Decrease, faster rate Employment Decrease, faster rate Backlogs of Work Increase, faster rate Output Prices Decrease, faster rate Input Prices Decrease, slower rate Stocks of Purchases Decrease, faster rate Stocks of Finished Goods Increase, from decrease Quantity of Purchases Decrease, faster rate Suppliers’ Delivery Times Lengthening, slower rate Commenting on the Flash China General Manufacturing PMI™ data, Dr. He Fan, Chief Economist at Caixin Insight Group said: “The Caixin Flash China General Manufacturing PMI for August has fallen further from July’s two-year low, indicating that the economy is still in the process of bottoming out. But overall, the likelihood of a systemic risk remains under control and the structure of the economy is still improving. There is still pressure on the front of maintaining growth rates, and to realize the goal set for this year the government needs to fine tune fiscal and monetary policies to ensure macroeconomic stability and speed up the structural reform. This will lead the market to confidence and renew the vigour of the economy.” 2008 2009 2010 2011 2012 2013 2014 2015 10 2
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