AI Data Insight
China's non-manufacturing PMI inventory index for August 2026 rose to 45.6, a slight improvement from the previous value of 45.1, but it has remained below the 50 boom-or-bust line for consecutive months. Affected by extreme weather disruptions and sluggish domestic demand, the overall non-manufacturing sector remains under pressure, and companies' willingness to stock up is conservative. Looking ahead, whether the implementation of policies can drive active restocking will be the core focus of short-term observation.