China’s PMI September 2025

According to data from the National Bureau of Statistics, China’s composite Purchasing Managers' Index (PMI), which includes both manufacturing and non-manufacturing activities, expanded in September reaching 50.6, above the 50-point threshold that separates growth from contraction.

China’s non-manufacturing PMI, which has been supporting the economic recovery so far, came in at 50 in September, while the manufacturing PMI reached 49.8 points.

Several key indicators of the Chinese economy, particularly consumer spending and the real estate sector, are still in a phase of recovery, and the Chinese government has implemented a series of policies and financial measures whose effects will be seen in the coming months.