AI Data Insight
In the third quarter of 2026, the own inventory index of China's Strategic Emerging Industries Purchasing Managers' Index (EPMI) dropped to 47.4%, a significant decline from the previous 49.3%, continuing to stay in the contraction zone. This data reflects that under the traditional off-season, the recovery of terminal demand is under pressure, and companies have a strong willingness to actively destock. The future market focus will shift to whether the traditional peak consumption season can drive production and demand upwards and stimulate inventory replenishment.