China: Composite PMI

Macro

2026-09-30

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 latest released composite PMI for Q3 2026 reached 50.7, rebounding significantly from the previous observation of 49.5 and successfully returning to the expansion zone above the 50 boom-or-bust line. Driven by a new round of intensive monetary and fiscal stimulus policies rolled out by the government, both manufacturing and non-manufacturing activities improved simultaneously, releasing a positive signal for the economy bottoming out and recovering.

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AI Data Insight

China's latest released composite PMI for Q3 2026 reached 50.7, rebounding significantly from the previous observation of 49.5 and successfully returning to the expansion zone above the 50 boom-or-bust line. Driven by a new round of intensive monetary and fiscal stimulus policies rolled out by the government, both manufacturing and non-manufacturing activities improved simultaneously, releasing a positive signal for the economy bottoming out and recovering.

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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