AI Data Insight
According to DataTrack data, the month-over-month growth rate of China's manufacturing PMI in October 2026 fell by 1.60% (the index dropped to 49.3), interrupting the brief expansion of the previous month and falling below the consensus expectation of 49.9. Key sub-indices such as production and new orders both weakened, though high-tech and large-scale enterprises showed relative resilience. Going forward, the actual transmission effectiveness of the government's policies to expand domestic demand needs to be observed.