AI Data Insight
China's Q3 2026 Strategic Emerging Industries (EPMI) product orders index reported at 44.8, a significant pullback from the previous Q2 value of 49.4, falling deeper into the contraction zone. Affected by extreme weather and the traditional industrial off-season, domestic demand orders have slowed down significantly, but export orders rebounded against the trend, highlighting the resilience of external demand. The pattern of weak domestic demand is expected to continue in the short term, as the market awaits catalysts from the Q4 peak season and industrial policies.