China’s official PMI declined towards the end of 2020
China’s Manufacturing Purchasing Managers’ Index (PMI), published by the National Bureau of Statistics, stood at 51.9 in December 2020, experiencing a slight drop of 0.2 pp compared to November’s figure, staying above the 50 threshold. The PMI for small enterprises, however, was below the 50 threshold again, signalling continued pressure for those businesses.
China’s non-manufacturing PMI also declined. It stood at 55.7 in December 2020, down from 56.4 in November. The PMI for the services sector dropped in December, reversing its upward trend observed in the previous four months.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q4 2020 report.