AI Data Insight
In July 2026, the production index of China's Strategic Emerging Industries Purchasing Managers' Index (EPMI) fell sharply to 46.2, down 6.2 percentage points from the previous reading of 52.4, reflecting a significant contraction in production momentum at the beginning of the third quarter. Affected by the traditional off-season, sluggish domestic demand, and the fading effect of "front-loading exports," the overall manufacturing sector is facing downward pressure from declining new orders and destocking, straining short-term recovery momentum.