China: Non-Manufacturing PMI (NMI) - New Orders

Macro

2026-07-31

Description

-

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China NMI

AI Data Insight

At the beginning of the third quarter of 2026 (July), China's Non-Manufacturing PMI New Orders Index dropped sharply to 44.4 from the previous value of 48.0, falling below the boom-or-bust line with a significant decline. The overall Non-Manufacturing PMI simultaneously fell to 49.0, missing market expectations. Demand in both the construction and services sub-sectors is weak, highlighting that macroeconomic expansion momentum is hindered.

AI Data Insight

At the beginning of the third quarter of 2026 (July), China's Non-Manufacturing PMI New Orders Index dropped sharply to 44.4 from the previous value of 48.0, falling below the boom-or-bust line with a significant decline. The overall Non-Manufacturing PMI simultaneously fell to 49.0, missing market expectations. Demand in both the construction and services sub-sectors is weak, highlighting that macroeconomic expansion momentum is hindered.

Description

-

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China NMI