China NBS Manufacturing PMI

Business Confidence in China decreased to 50 in June from 50.10 in May of 2016. Business Confidence in China averaged 52.08 from 2005 until 2016, reaching an all time high of 59.20 in April of 2008 and a record low of 38.80 in November of 2008. Business Confidence in China is reported by the National Bureau of Statistics of China. In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
. This page provides – China Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news.