AI Data Insight
The year-on-year (YoY) growth rate of China's non-manufacturing PMI business activity rebounded to 0.4% in August 2026, a significant improvement from the previous value of -2.58%, ending a four-month streak of declines. However, the absolute value of the official PMI for the month remained flat at 49.0, lower than the market expectation of 49.5, indicating that short-term economic expansion momentum remains constrained amid weather disruptions and sluggish domestic demand.