China: Composite PMI

Macro

2026-07-31

Description

China Composite PMI is jointly published by the National Bureau of Statistics (NBS) of China and the China Federation of Logistics & Purchasing (CFLP). This indicator primarily measures changes in overall output across both manufacturing and non-manufacturing sectors. A Composite PMI reading above 50 indicates an expansion in economic output, while a reading below 50 indicates a contraction, making it an important gauge of the overall health of the economy.

Note: The Composite PMI is calculated as a weighted average of the Manufacturing Production Index and the Non-Manufacturing Business Activity Index, with the weights corresponding to the respective shares of manufacturing and non-manufacturing in GDP.

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

AI Data Insight

China's composite PMI for the start of Q3 2026 (July) reported at 49.3, a significant decline from 50.6 at the end of the previous quarter, falling below the boom-bust line. Both manufacturing and non-manufacturing sectors simultaneously fell into contraction, highlighting sluggish domestic demand and disruptions from extreme weather. The market is paying close attention to the official growth-stabilizing policies expected to be rolled out soon.

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AI Data Insight

China's composite PMI for the start of Q3 2026 (July) reported at 49.3, a significant decline from 50.6 at the end of the previous quarter, falling below the boom-bust line. Both manufacturing and non-manufacturing sectors simultaneously fell into contraction, highlighting sluggish domestic demand and disruptions from extreme weather. The market is paying close attention to the official growth-stabilizing policies expected to be rolled out soon.

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Macro
Description

China Composite PMI is jointly published by the National Bureau of Statistics (NBS) of China and the China Federation of Logistics & Purchasing (CFLP). This indicator primarily measures changes in overall output across both manufacturing and non-manufacturing sectors. A Composite PMI reading above 50 indicates an expansion in economic output, while a reading below 50 indicates a contraction, making it an important gauge of the overall health of the economy.

Note: The Composite PMI is calculated as a weighted average of the Manufacturing Production Index and the Non-Manufacturing Business Activity Index, with the weights corresponding to the respective shares of manufacturing and non-manufacturing in GDP.

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