AI Data Insight
On 2026-07-01 (Q3 2026), China's manufacturing new export orders PMI fell to 49.6 from the previous value of 50.1 on 2026-06-01 (Q2 2026), falling back into the contraction zone. The overall manufacturing PMI dropped to 49.2, missing the market expectation of 50.0. This indicates that both domestic and external demand are weakening, and coupled with the traditional off-season effect for production, short-term factory activity is facing headwinds.