The Caixin China Manufacturing PMI rose to 51.2 in March, up by 0.4 percentage points from February, reaching the highest level since December 2024, indicating that manufacturing production and business activities continued to expand at a faster pace. According to the sub-indices of the Caixin China Manufacturing PMI, both supply and demand in the manufacturing sector maintained an expansion trend. The production index slightly increased within the expansion territory to its highest level in nearly four months, while the new orders index declined slightly but remained above the threshold.

[Caixin manufacturing PMI was 48.3 in May] The Caixin China General Manufacturing Purchasing Managers' Index (PMI) released on June 3 was recorded at 48.3 in May, a decrease of 2.1 percentage points from April, marking the first time it fell below the threshold since October 2024.

China's Caixin Manufacturing PMI for May came in at 48.3, against an expected 50.7 and a prior reading of 50.4.

In February 2023, the China Caixin Manufacturing Purchasing Managers Index (PMI) recorded 51.6, an increase of 2.4 percentage points from January. It was the first time above 50 since August 2022.

Caixin’s China service PMI was 57.8 in March, and the previous reading was 55.

China's Caixin Manufacturing PMI for May came in at 48.3, falling below the threshold for the first time since October 2024. The forecast was 50.7, and the previous reading was 50.4.