AI Data Insight
The latest Q3 2026 China EPMI recorded 47.8, flat compared to the previous value, indicating that the recovery momentum of emerging industries at the end of the off-season was slightly below expectations. Although the sub-indices for production and export orders saw a slight rebound, enterprises remain cautious in procurement and continue to destock, highlighting hidden worries of insufficient domestic demand. Looking ahead, autumn production preparation demand and official counter-cyclical fiscal adjustments are expected to become key catalysts driving the index to bottom out and rebound.