China PMI Oct 2026

According to data released by the National Bureau of Statistics (NBS), China’s manufacturing Purchasing Managers’ Index (PMI) stands at 49.3, indicating a contraction in activity.

Manufacturing activity with the production sub-index stood at 49.8, decreasing by 1.9 from the previous month, as both supply and demand moderated during October.

Particularly noteworthy is the contribution of high-tech manufacturing and equipment manufacturing, both of which record PMI readings above 50 points, demonstrating the continued strengthening of new drivers of economic growth in China. High-tech manufacturing remains in a sustained phase of expansion, reflecting the consolidation of innovation processes and the increasing competitiveness of the industries involved.

Large enterprises with their PMI remaining firmly in expansion territory, confirming their leading role in supporting industrial growth and contributing to the stability of the broader manufacturing sector.

Overall, manufacturing indicators show that economic development is supported by technological advancement, and industrial modernization.