AI Data Insight
China's manufacturing small enterprise PMI for Q3 2026 (September) was latest reported at 48.9, rebounding by 1.0 percentage point from the previous value of 47.9. Although showing a rebound trend, it still remains in the contraction zone. While the overall official manufacturing PMI reached 50.1, returning to expansion, the structural dilemmas of soaring raw material costs and insufficient orders remain the biggest headwinds facing small and medium-sized enterprises (SMEs).