AI Data Insight
In the latest data for July 2026 (Q3), China's Non-Manufacturing PMI business activity decreased by 2.39% MoM, reversing previous positive growth as the index unexpectedly fell below the boom-bust line to 49.0. Both the services and construction sectors experienced a downturn, reflecting the dual blow of extreme weather and sluggish domestic demand. The market expects authorities to accelerate the implementation of expansionary policies to stabilize the economic footing.