AI Data Insight
In Q3 2026 (August), China's manufacturing PMI finished goods inventory index fell to 48.4 from 48.6 in the previous month, remaining below the 50 boom-bust line. As the official overall August manufacturing PMI rebounded to 49.8, beating market expectations, and both new orders and production indices returned to the expansion zone, it indicates that recovering end-market demand is accelerating the pace of corporate inventory depletion.