China: Composite PMI

Macro

2026-06-30

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 newly released Q2 2026 (June) Composite PMI edged up to 50.6, continuing its expansion from the previous reading of 50.5, indicating a steady acceleration in corporate production and business activities. The current data primarily benefited from high-tech manufacturing exports driven by the AI boom, as well as accelerated infrastructure investment fueled by local special bond issuances. Looking ahead, the continuity of external demand and the property market adjustment remain key variables dictating the economic recovery.

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AI Data Insight

China's newly released Q2 2026 (June) Composite PMI edged up to 50.6, continuing its expansion from the previous reading of 50.5, indicating a steady acceleration in corporate production and business activities. The current data primarily benefited from high-tech manufacturing exports driven by the AI boom, as well as accelerated infrastructure investment fueled by local special bond issuances. Looking ahead, the continuity of external demand and the property market adjustment remain key variables dictating the economic recovery.

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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