AI Data Insight
China's latest Q3 2026 non-manufacturing PMI business activity YoY growth rate dropped to -2.58%, a further widening of the decline compared to the previous value of -2.20%, reflecting a contraction in the momentum of both the services and construction sectors. According to supplementary market data, extreme weather and sluggish domestic demand caused the absolute non-manufacturing index to fall to 49.0, and the recently released August data also remained flat at this low level, indicating that short-term economic transition and recovery still face severe challenges.