China: Manufacturing PMI - Official

Macro

2026-10-31

Description

China's Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the National Bureau of Statistics (NBS). This index is based on monthly surveys of purchasing managers from approximately 3,200 manufacturing enterprises and is a crucial indicator of the overall performance and health of the manufacturing sector in China. A PMI reading above 50% indicates expansion, while a reading below 50% indicates contraction.

The Manufacturing PMI is calculated using five weighted categories: New Orders (30%), Production (25%), Employment (20%), Supplier Delivery Time (15%) and Inventory (10%).

The data is typically released on the last working day of each month, providing insights into the manufacturing activities of that month.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PMI

AI Data Insight

China's Q4 2026 (October) official manufacturing PMI dropped to 49.3, a significant decline from the previous reading of 50.1 and below the market consensus of 50.0. As the early stocking demand for Christmas faded, both new orders and export orders weakened. The market expects this soft data to act as a catalyst for officials to accelerate the deployment of fiscal and monetary easing policies to stabilize growth.

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AI Data Insight

China's Q4 2026 (October) official manufacturing PMI dropped to 49.3, a significant decline from the previous reading of 50.1 and below the market consensus of 50.0. As the early stocking demand for Christmas faded, both new orders and export orders weakened. The market expects this soft data to act as a catalyst for officials to accelerate the deployment of fiscal and monetary easing policies to stabilize growth.

Dive in →

You May Also Like

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Description

China's Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the National Bureau of Statistics (NBS). This index is based on monthly surveys of purchasing managers from approximately 3,200 manufacturing enterprises and is a crucial indicator of the overall performance and health of the manufacturing sector in China. A PMI reading above 50% indicates expansion, while a reading below 50% indicates contraction.

The Manufacturing PMI is calculated using five weighted categories: New Orders (30%), Production (25%), Employment (20%), Supplier Delivery Time (15%) and Inventory (10%).

The data is typically released on the last working day of each month, providing insights into the manufacturing activities of that month.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PMI