AI Data Insight
China's Q3 2026 Non-Manufacturing PMI Inventory Index dropped to 45.1, a decline from the previous Q2 reading of 45.3, remaining in the contraction zone. Disrupted by extreme weather and the traditional off-season, the overall Non-Manufacturing PMI simultaneously fell below the boom-or-bust line, reflecting that the property slump and weak domestic demand are suppressing enterprises' willingness to restock, keeping short-term destocking pressure high.