China: Manufacturing PMI - Official

Macro

2026-05-31

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

According to the latest Q2 2026 data released, China's manufacturing PMI fell to 50.0 from the previous value of 50.3, in line with market consensus, as the overall economic climate retreated to the boom-or-bust threshold. The simultaneous contraction of new orders and new export orders was the primary cause for the data's weakness, indicating that both domestic and external demand are under pressure. Looking ahead, recovery momentum remains fragile, and close attention should be paid to the underpinning strength of high-tech manufacturing and the effects of official policy support.

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AI Data Insight

According to the latest Q2 2026 data released, China's manufacturing PMI fell to 50.0 from the previous value of 50.3, in line with market consensus, as the overall economic climate retreated to the boom-or-bust threshold. The simultaneous contraction of new orders and new export orders was the primary cause for the data's weakness, indicating that both domestic and external demand are under pressure. Looking ahead, recovery momentum remains fragile, and close attention should be paid to the underpinning strength of high-tech manufacturing and the effects of official policy support.

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