Business activity in China's emerging industries bounces confidently back

China’s Emerging Industries Purchasing Managers’ Index (EPMI) bounced back to 63.1, reversing its downtrend in the previous 4 months. The indicator is published by the Chinese Academy of Science and Technology for Development and China Federation of Logistics & Purchasing. In February, impacted by the Lunar New Year holiday, the index stood at only 43.7, way below the 50-threshold.

The indicator is published by the Chinese Academy of Science and Technology for Development and China Federation of Logistics & Purchasing.

The EPMI is a gauge for the growth momentum in China’s seven high-tech industries that relate to green technology, new generation information technology, bio-tech, high-end equipment manufacturing, new energy, new materials and new energy vehicles. The strong performance of the index in March indicate rapid expansion of those seven emerging industries.

Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q1 2021 report.