AI Data Insight
China's Q3 2026 (August) manufacturing PMI YoY growth rebounded to 0.8097%, reversing the previous contraction trend of -0.2028%. The latest official PMI index reached 49.8, beating the market consensus of 49.6, primarily driven by a recovery in new orders and production activities. However, weak employment and the continued contraction of small and medium-sized enterprises highlight that structural concerns in the economy persist.