China: Manufacturing PMI - Official

Macro

2026-04-30
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 official manufacturing PMI for the second quarter of 2026 (Q2 2026) edged down slightly to 50.3. Although it retreated slightly from the previous reading of 50.4, it still beat the market expectation of 50.1, maintaining expansion for two consecutive months. The latest data shows that production activities trended higher against the broader current and small and medium-sized enterprises (SMEs) returned to expansion; however, slowing momentum in new orders and persistently high raw material costs have become potential variables to watch for the subsequent economic recovery.

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AI Data Insight

China's official manufacturing PMI for the second quarter of 2026 (Q2 2026) edged down slightly to 50.3. Although it retreated slightly from the previous reading of 50.4, it still beat the market expectation of 50.1, maintaining expansion for two consecutive months. The latest data shows that production activities trended higher against the broader current and small and medium-sized enterprises (SMEs) returned to expansion; however, slowing momentum in new orders and persistently high raw material costs have become potential variables to watch for the subsequent economic recovery.

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