China: Manufacturing PMI - Official

Macro

2026-08-31

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

In August 2026 (Q3), China's official manufacturing PMI recorded 49.8, a significant improvement from the previous 49.2 and beating market expectations, but it remained below the 50-point threshold for a second consecutive month. The production and new orders sub-indices returned to expansion, but the recovery in small and medium-sized enterprises and domestic demand remains weak. Future trends will depend on the effectiveness of fiscal stimulus and the bottoming out of the real estate sector.

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AI Data Insight

In August 2026 (Q3), China's official manufacturing PMI recorded 49.8, a significant improvement from the previous 49.2 and beating market expectations, but it remained below the 50-point threshold for a second consecutive month. The production and new orders sub-indices returned to expansion, but the recovery in small and medium-sized enterprises and domestic demand remains weak. Future trends will depend on the effectiveness of fiscal stimulus and the bottoming out of the real estate sector.

Dive in →

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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