China’s PMI March 2026

According to data from the National Bureau of Statistics, China’s composite Purchasing Managers' Index (PMI), which includes both manufacturing and non-manufacturing activities, was recorded at 51.4 in March 2026. This figure is above the threshold between expansion and contraction, showing rebound after the months of January and February.

China’s non-manufacturing PMI, which has been supporting the economic recovery so far, rose at 50.8 in March 2026 from 50.4 in February, while the manufacturing PMI came in at 50.5 points from 49 in the previous month, hitting the highest point in 12 months.

Preliminary official figures show that increase production and demand led to a noticeable expansion. Fast expansion was mainly noticed in high-tec manufacturing, equipment manufacturing, consumer goods industries and energy industries. China’s export continue to show strength, sustained by electronics and semiconductors demand.

Several key segments of the Chinese economy, particularly those linked to consumption, continue to follow a gradual recovery trajectory. The government has introduced a series of policy initiatives and financial measures aimed at strengthening service consumption and further supporting household demand.