AI Data Insight
China's latest Q2 2026 non-manufacturing PMI business activity year-on-year growth rate recorded -0.5941%, a slightly widened decline compared to the previous value of -0.3976%. Despite the boost from the May Day long holiday, with the single-month absolute value returning to 50.1 and beating expectations, new orders remain sluggish. Looking ahead, the real estate downturn and insufficient domestic demand remain the biggest tests for the recovery of the service and construction sectors.