China: Composite PMI

Macro

2026-08-31

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

The newly released Q3 2026 China Composite PMI reported at 49.5, a slight rebound from the previous reading of 49.3, but remaining below the boom-or-bust line for two consecutive months. Driven by a significant surge in new orders, the manufacturing sector outperformed market expectations. However, the non-manufacturing sector, dragged down by extreme weather and weak domestic demand, limited the pace of recovery in overall economic output.

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AI Data Insight

The newly released Q3 2026 China Composite PMI reported at 49.5, a slight rebound from the previous reading of 49.3, but remaining below the boom-or-bust line for two consecutive months. Driven by a significant surge in new orders, the manufacturing sector outperformed market expectations. However, the non-manufacturing sector, dragged down by extreme weather and weak domestic demand, limited the pace of recovery in overall economic output.

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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