AI Data Insight
In June 2026 (Q2 2026), the "Supplier Delivery Time" sub-index within China's Non-Manufacturing PMI edged up to 51.3, accelerating further from the previous reading of 51.2 and remaining firmly above the boom-bust line. This data reflects that, driven by official expansion of infrastructure investment and the recovery of the service sector, overall non-manufacturing sentiment slightly exceeded market expectations, with supply chain delivery efficiency maintaining a high level. However, the shortened delivery time also implies that end-market demand has not yet seen overheating or supply bottlenecks. Going forward, attention should be paid to how the property market's trajectory will concretely drive the expansion of domestic demand.