AI Data Insight
The latest data for the second quarter of 2026 shows that the services new orders index within China's non-manufacturing PMI for June rebounded significantly to 48.4 from the previous value of 45.3. Although the single-month jump of 3.1 percentage points marks a notable recent improvement, it has yet to break through the 50-point threshold, reflecting that overall demand remains relatively weak. Driven by the official overall services business activity returning to expansion, it is necessary to closely monitor whether domestic demand can continue to take the baton and drive a substantial recovery in new orders in the future.