AI Data Insight
The latest data shows that in Q3 2026 (July), China's non-manufacturing PMI input price index rebounded to 51.1, an increase of 1.4 percentage points from the previous 49.7, returning above the boom-or-bust line. Against the backdrop of a broader slowdown in the non-manufacturing sector, the counter-trend rise in the cost index highlights the increasingly severe profit squeeze challenges facing the services and construction industries.