AI Data Insight
In the third quarter of 2026 (July), China's construction sector employment PMI recorded 43.0, a slight rebound from the previous 40.9, but still well below the 50 boom-or-bust line. Affected by extreme weather and a sluggish housing market, the overall non-manufacturing sector unexpectedly cooled in July, falling short of expectations. In the short term, the employment market will continue to face pressure, while medium-to-long-term recovery depends on the substantial materialization of infrastructure and real estate policies.