AI Data Insight
In August 2026 (Q3 2026), China's non-manufacturing PMI sales price index recorded 49.3, up 1.4 percentage points from the previous 47.9. Although the decline narrowed, it consecutively remained below the 50 boom-or-bust line. During the same period, the input price index rose above the threshold, indicating that rising costs and weak terminal pricing are squeezing corporate profits from both sides. Looking ahead, whether infrastructure efforts and the traditional peak season can boost domestic demand will be the key to corporate pricing power returning to expansion.