AI Data Insight
According to the latest data, construction new orders within China's non-manufacturing PMI for the second quarter of 2026 (latest observation at 43.5) rebounded slightly by 1.9 percentage points from the previous 41.6. Although the data improved marginally, it remains well below the 50 boom-or-bust line, reflecting persistent weakness in real estate and infrastructure demand, with the market expecting further policy support.