CH Non-Manufacturing PMI

China’s official manufacturing purchasing managers’ index, published by the National Bureau of Statistics over the weekend, showed activity falling to 50.0 in May, down from 50.3 in April. This 50.0 level represents the threshold between expansion and contraction and marked a 3-month low. There was a broad-based decline in the sub-indices. But we saw the most notable drops in new orders, which fell back into contraction at 49.9 from 50.6, and new export orders, which fell to 48.6 from 50.3. The Raw Material Purchasing Price Index ...

China’s factory activity topped analysts’ expectations, although growth slowed from the prior month when it hit a year-high, as new orders saw a slowdown. The official manufacturing purchasing managers’ index reading of 50.3 was higher than the the 50.1 expected by Reuters-polled economists. A figure above 50 indicates expansion, while below shows a contraction in activity. Non-manufacturing PMI fell into contraction territory at 49.4, compared to the 50.1 seen in March, with activity in the services and construction sectors both ...

China's manufacturing PMI rebounded to 50.4 in March, up sharply from 49.0 in February. This came in stronger than market expectations and reached a 12-month high. Although the official PMI and industrial production trends have generally shown looser-than-normal correlation over the past year, they nonetheless suggest a solid start to the year for China's industrial activity. The recovery was broad-based. Production (51.4), new orders (51.6), new export orders (49.1), and employment (48.6) all increased on the month. The new export ...

China’s official gauge for manufacturing activity climbed more than expected in March to mark its best performance in a year and snapping two months of declines, as export orders showed strong momentum. The Manufacturing Purchasing Managers’ Index for March rose to 50.4, according to the National Bureau of Statistics on Tuesday, beating economists’ expectations for 50.1 in a Reuters poll. A reading below 50 indicates contraction, while levels above that threshold signal expansion. That expansion marked a notable rebound after two ...

Copper prices rebounded from two sessions of losses on Wednesday on better-than-expected private factory data from top metals consumer China. Aluminium prices extended gains to the highest in over a month on supply worries from the widening war in the Middle East, a key producer of the metal. Benchmark three-month copper on the London Metal Exchange gained 1.5% to $13,150 a metric ton by 1030 GMT. LME copper had shed 3% over the past two sessions on worries that the Mideast conflict will undermine economic growth and metals demand. ...

China’s factory activity faltered in February as manufacturers paused production and cargo shipment to celebrate an extended holiday, an official survey showed on Wednesday. The official manufacturing purchasing managers index fell to 49 in February, according to the National Bureau of Statistics, missing economists’ forecast for 49.1. A reading below 50 indicates contraction, while levels above that threshold signal expansion. That marks a second straight month of contraction, with PMI reading matching October and April 2025 levels. ...