China PMI (NBS & Caixin)
China's complete Purchasing Managers' Index (PMI) data in a single table.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing PMI13 | 49.8 | 49.2 | 50.3 | 50 | 50.3 | 50.4 | 49 | 49.3 | 50.1 | 49.2 | 49 | 49.8 | 49.4 | 49.3 | 49.7 | 49.5 | 49 | 50.5 | 50.2 | 49.1 | 50.1 | 50.3 | 50.1 | 49.8 | 49.1 | 49.4 | 49.5 | 49.5 | 50.4 | 50.8 | 49.1 | 49.2 | 49 | 49.4 | 49.5 | 50.2 | 49.7 | |
| Output | 50.4 | 49.9 | 51.4 | 51.2 | 51.5 | 51.4 | 49.6 | 50.6 | 51.7 | 50 | 49.7 | 51.9 | 50.8 | 50.5 | 51 | 50.7 | 49.8 | 52.6 | 52.5 | 49.8 | 52.1 | 52.4 | 52 | 51.2 | 49.8 | 50.1 | 50.6 | 50.8 | 52.9 | 52.2 | 49.8 | 51.3 | 50.2 | 50.7 | 50.9 | 52.7 | 51.9 | |
| New Orders | 50.6 | 48.5 | 51.2 | 49.9 | 50.6 | 51.6 | 48.6 | 49.2 | 50.8 | 49.2 | 48.8 | 49.7 | 49.5 | 49.4 | 50.2 | 49.8 | 49.2 | 51.8 | 51.1 | 49.2 | 51 | 50.8 | 50 | 49.9 | 48.9 | 49.3 | 49.5 | 49.6 | 51.1 | 53 | 49 | 49 | 48.7 | 49.4 | 49.5 | 50.5 | 50.2 | |
| New export orders | 50.1 | 49.6 | 50.1 | 48.6 | 50.3 | 49.1 | 45 | 47.8 | 49 | 47.6 | 45.9 | 47.8 | 47.2 | 47.1 | 47.7 | 47.5 | 44.7 | 49 | 48.6 | 46.4 | 48.3 | 48.1 | 47.3 | 47.5 | 48.7 | 48.5 | 48.3 | 48.3 | 50.6 | 51.3 | 46.3 | 47.2 | 45.8 | 46.3 | 46.8 | 47.8 | 46.7 | |
| Backlogs of Work | 46.7 | 45.8 | 47.1 | 46.8 | 46.2 | 47.1 | 44 | 45.1 | 46 | 45.5 | 44.5 | 45.2 | 45.5 | 44.7 | 45.2 | 44.8 | 43.2 | 45.6 | 46 | 45.6 | 45.9 | 45.6 | 45.4 | 44 | 44.7 | 45.3 | 45 | 45.3 | 45.6 | 47.6 | 43.5 | 44.3 | 44.5 | 44.4 | 44.2 | 45.3 | 45.9 | |
| Finished Goods Inventories | 48.4 | 48.6 | 47.7 | 49.3 | 47.5 | 46.7 | 45.8 | 48.6 | 48.2 | 47.3 | 48.1 | 48.2 | 46.8 | 47.4 | 48.1 | 46.5 | 47.3 | 48 | 48.3 | 46.5 | 47.9 | 47.4 | 46.9 | 48.4 | 48.5 | 47.8 | 48.3 | 46.5 | 47.3 | 48.9 | 47.9 | 49.4 | 47.8 | 48.2 | 48.5 | 46.7 | 47.2 | |
| Purchasing Quantities | 50.5 | 49.4 | 51.4 | 49.8 | 51.1 | 50.9 | 48.2 | 48.7 | 51.1 | 49.5 | 49 | 51.6 | 50.4 | 49.5 | 50.2 | 47.6 | 46.3 | 51.8 | 52.1 | 49.2 | 51.5 | 51 | 49.3 | 47.6 | 47.8 | 48.8 | 48.1 | 49.3 | 50.5 | 52.7 | 48 | 49.2 | 49 | 49.6 | 49.8 | 50.7 | 50.5 | |
| Imports | 48.6 | 47.5 | 49.6 | 48.8 | 50.1 | 49.8 | 45.6 | 47.3 | 47 | 47 | 46.8 | 48.1 | 48 | 47.8 | 47.8 | 47.1 | 43.4 | 47.5 | 49.5 | 48.1 | 49.3 | 47.3 | 47 | 46.1 | 46.8 | 47 | 46.9 | 46.8 | 48.1 | 50.4 | 46.4 | 46.7 | 46.4 | 47.3 | 47.5 | 47.6 | 48.9 | |
| Input Prices | 56.6 | 53.2 | 54.2 | 60.5 | 63.7 | 63.9 | 54.8 | 56.1 | 53.1 | 53.6 | 52.5 | 53.2 | 53.3 | 51.5 | 48.4 | 46.9 | 47 | 49.8 | 50.8 | 49.5 | 48.2 | 49.8 | 53.4 | 45.1 | 43.2 | 49.9 | 51.7 | 56.9 | 54 | 50.5 | 50.1 | 50.4 | 51.5 | 50.7 | 52.6 | 59.4 | 56.5 | |
| Output Prices | 50.4 | 47.8 | 48.2 | 51.9 | 55.1 | 55.4 | 50.6 | 50.6 | 48.9 | 48.2 | 47.5 | 48.2 | 49.1 | 48.3 | 46.2 | 44.7 | 44.8 | 47.9 | 48.5 | 47.4 | 46.7 | 47.7 | 49.9 | 44 | 42 | 46.3 | 47.9 | 50.4 | 49.1 | 47.4 | 48.1 | 47 | 47.7 | 48.2 | 47.7 | 53.5 | 52 | |
| Raw Material Inventories | 48.1 | 48.3 | 48.4 | 48.6 | 49.3 | 47.7 | 47.5 | 47.4 | 47.8 | 47.3 | 47.3 | 48.5 | 48 | 47.7 | 48 | 47.4 | 47 | 47.2 | 47 | 47.7 | 48.3 | 48.2 | 48.2 | 47.7 | 47.6 | 47.8 | 47.6 | 47.8 | 48.1 | 48.1 | 47.4 | 47.6 | 47.7 | 48 | 48.2 | 48.5 | 48.4 | |
| Employment | 48.7 | 49 | 48.5 | 48.6 | 48.8 | 48.6 | 48 | 48.1 | 48.2 | 48.4 | 48.3 | 48.5 | 47.9 | 48 | 47.9 | 48.1 | 47.9 | 48.2 | 48.6 | 48.1 | 48.1 | 48.2 | 48.4 | 48.2 | 48.1 | 48.3 | 48.1 | 48.1 | 48 | 48.1 | 47.5 | 47.6 | 47.9 | 48.1 | 48 | 48.1 | 48 | |
| Suppliers' Delivery Times | 50.1 | 49.5 | 49.9 | 49.2 | 49.5 | 49.5 | 49.1 | 50.1 | 50.2 | 50.1 | 50 | 50.8 | 50.5 | 50.3 | 50.2 | 50 | 50.2 | 50.3 | 51 | 50.3 | 50.9 | 50.2 | 49.6 | 49.5 | 49.6 | 49.3 | 49.5 | 50.1 | 50.4 | 50.6 | 48.8 | 50.8 | 50.3 | 50.3 | 50.2 | 50.8 | 51.6 | |
| Production Expectations | 53.8 | 54.1 | 54.3 | 53.9 | 54.5 | 53.4 | 53.2 | 52.6 | 55.5 | 53.1 | 52.8 | 54.1 | 53.7 | 52.6 | 52 | 52.5 | 52.1 | 53.8 | 54.5 | 55.3 | 53.3 | 54.7 | 54 | 52 | 52 | 53.1 | 54.4 | 54.3 | 55.2 | 55.6 | 54.2 | 54 | 55.9 | 55.8 | 55.6 | 55.5 | 55.6 | |
| Non-Manufacturing PMI11 | 49 | 49 | 50.2 | 50.1 | 49.4 | 50.1 | 49.5 | 49.4 | 50.2 | 49.5 | 50.1 | 50 | 50.3 | 50.1 | 50.5 | 50.3 | 50.4 | 50.8 | 50.4 | 50.2 | 52.2 | 50 | 50.2 | 50 | 50.3 | 50.2 | 50.5 | 51.1 | 51.2 | 53 | 51.4 | 50.7 | 50.4 | 50.2 | 50.6 | 51.7 | 51 | |
| New Orders | 44.1 | 44.4 | 48 | 45 | 44.3 | 45 | 45.2 | 46.1 | 47.3 | 45.7 | 46 | 46 | 46.6 | 45.7 | 46.6 | 46.1 | 44.9 | 46.6 | 46.1 | 46.4 | 48.7 | 45.9 | 47.2 | 44.2 | 46.3 | 45.7 | 46.7 | 46.9 | 46.3 | 47.4 | 46.8 | 47.6 | 47.5 | 47.2 | 46.7 | 47.8 | 47.5 | |
| New export orders | 47 | 47 | 47.9 | 48.1 | 47.3 | 48.8 | 44.7 | 46.9 | 47.5 | 47.9 | 46.2 | 49.8 | 48.8 | 48.8 | 49.8 | 48 | 42.2 | 49.8 | 49.5 | 44.6 | 50 | 48.2 | 50 | 47 | 47.6 | 49.6 | 48.8 | 47.6 | 48.4 | 47.3 | 47.3 | 45.2 | 50.9 | 46.8 | 49.1 | 49.4 | 47.9 | |
| Backlogs of Work | 42.8 | 43.3 | 44.2 | 43.8 | 42.4 | 43.2 | 42.3 | 42.5 | 43.5 | 43.6 | 43.6 | 44.4 | 43.4 | 42.3 | 43.4 | 43.4 | 42.3 | 43.7 | 43.1 | 43.3 | 44.1 | 42.7 | 43.7 | 42.2 | 42.2 | 42.7 | 43.1 | 42.9 | 44.5 | 44.8 | 42.7 | 43.7 | 43.9 | 43 | 43.1 | 43.3 | 43.7 | |
| Inventories | 45.6 | 45.1 | 45.3 | 45.1 | 45.3 | 43.5 | 45.4 | 44.8 | 45.2 | 44.8 | 46 | 44.9 | 45.7 | 45.3 | 44.8 | 46.1 | 45.1 | 45.7 | 45.2 | 45 | 46.4 | 45.3 | 45.7 | 45.1 | 45.1 | 45.4 | 45.5 | 45.2 | 46 | 46.2 | 46.4 | 47.2 | 46 | 46.7 | 46.2 | 46.9 | 46.2 | |
| Input Prices | 51.1 | 49.7 | 49.7 | 52.2 | 51.7 | 52.3 | 50.9 | 50 | 50.2 | 50.4 | 49.4 | 49 | 50.3 | 50.3 | 49.9 | 48.2 | 47.8 | 48.6 | 48.4 | 50.4 | 50.5 | 49.1 | 50.6 | 48.2 | 48.6 | 50.4 | 49.6 | 49.7 | 51.1 | 49.5 | 50.6 | 49.6 | 49.6 | 49.8 | 49.7 | 52.5 | 51.7 | |
| Prices Charged | 49.3 | 47.9 | 48.4 | 48.8 | 48.1 | 49.9 | 48.8 | 48.8 | 48 | 49.1 | 47.8 | 47.3 | 48.6 | 47.9 | 48.8 | 47.3 | 46.6 | 46.7 | 47.8 | 48.6 | 48.8 | 48.8 | 48.5 | 46.1 | 47.2 | 48.2 | 47.6 | 47.8 | 49.4 | 48.6 | 48.5 | 48.9 | 49.3 | 48.3 | 48.6 | 50.3 | 50 | |
| Employment | 45.4 | 45.4 | 45.8 | 45.6 | 45.5 | 45.2 | 46 | 46.1 | 46.1 | 45.3 | 45.2 | 45 | 45.6 | 45.6 | 45.5 | 45.5 | 45.5 | 45.8 | 46.5 | 46.7 | 45.8 | 45.4 | 45.8 | 44.7 | 45.2 | 45.5 | 45.8 | 46.2 | 47.2 | 46.6 | 47 | 47 | 47.1 | 46.9 | 46.5 | 46.8 | 46.8 | |
| Suppliers' Delivery Times | 51.2 | 50.9 | 51.3 | 51.2 | 50.9 | 51.5 | 50.5 | 51.1 | 51.3 | 51.2 | 50.9 | 51.1 | 51.3 | 51.2 | 51.2 | 51.1 | 50.8 | 51.1 | 53.1 | 51.3 | 51.5 | 51.2 | 51.2 | 50.2 | 50.6 | 50.5 | 50.5 | 51 | 51 | 51.1 | 50.3 | 52 | 51 | 51.8 | 52 | 51.3 | 52 | |
| Business Expectations | 55 | 55.4 | 55.3 | 54.8 | 54.7 | 54.2 | 55 | 56 | 56.5 | 56.2 | 56.1 | 55.7 | 56.2 | 55.8 | 55.6 | 55.9 | 56 | 57.2 | 56.6 | 56.7 | 57.5 | 57 | 56.1 | 54.4 | 55.3 | 56.1 | 57.2 | 56.9 | 57.2 | 58.4 | 57.7 | 59.7 | 60.3 | 59.8 | 58.1 | 58.7 | 58.2 | |
| Construction PMI3 | 46.9 | 47 | 49 | 48.8 | 48 | 49.3 | 48.2 | 48.8 | 52.8 | 49.6 | 49.1 | 49.3 | 49.1 | 50.6 | 52.8 | 51 | 51.9 | 53.4 | 52.7 | 49.3 | 53.2 | 49.7 | 50.4 | 50.7 | 50.6 | 51.2 | 52.3 | 54.4 | 56.3 | 56.2 | 53.5 | 53.9 | 56.9 | 55 | 53.5 | 56.2 | 53.8 | |
| Construction: New orders | 42.4 | 40.1 | 46.3 | 43.5 | 41.6 | 43.5 | 42.2 | 40.1 | 47.4 | 46.1 | 45.9 | 42.2 | 40.6 | 42.7 | 44.9 | 43.3 | 39.6 | 43.5 | 46.8 | 44.7 | 51.4 | 43.5 | 43.5 | 39.5 | 43.5 | 40.1 | 44.1 | 44.1 | 45.3 | 48.2 | 47.3 | 46.7 | 50.6 | 48.6 | 49.2 | 50 | 48.5 | |
| Construction: Selling prices | 49.8 | 47.7 | 49.8 | 48.6 | 49 | 49.3 | 47.6 | 48.2 | 47.4 | 48.4 | 48.4 | 48.1 | 49.7 | 49.2 | 48.3 | 47.5 | 47.2 | 47.5 | 49.1 | 47.8 | 47.5 | 48.6 | 52.1 | 48 | 48.1 | 49.3 | 49 | 49.7 | 48.7 | 48.4 | 48.9 | 50.4 | 51.7 | 51.3 | 50 | 51.5 | 50.4 | |
| Construction: Business activity expectations | 51.8 | 51.8 | 51.1 | 51.5 | 50.5 | 50.5 | 50.9 | 49.8 | 57.4 | 57.9 | 56 | 52.4 | 51.7 | 51.6 | 53.9 | 52.4 | 53.8 | 55.3 | 54.7 | 56.5 | 57.1 | 55.6 | 55.2 | 53.1 | 54.7 | 52.9 | 54.7 | 56.3 | 56.1 | 59.2 | 55.7 | 61.9 | 65.7 | 62.6 | 61.4 | 61.8 | 60.3 | |
| Services PMI3 | 49.3 | 49.3 | 50.4 | 50.3 | 49.6 | 50.2 | 49.7 | 49.5 | 49.7 | 49.5 | 50.2 | 50.1 | 50.5 | 50 | 50.1 | 50.2 | 50.1 | 50.3 | 50 | 50.3 | 52 | 50.1 | 50.1 | 49.9 | 50.2 | 50 | 50.2 | 50.5 | 50.3 | 52.4 | 51 | 50.1 | 49.3 | 49.3 | 50.1 | 50.9 | 50.5 | |
| Services: New orders | 44.5 | 45.2 | 48.4 | 45.3 | 44.8 | 45.3 | 45.7 | 47.1 | 47.3 | 45.6 | 46 | 46.7 | 47.7 | 46.3 | 46.9 | 46.6 | 45.9 | 47.1 | 45.9 | 46.7 | 48.2 | 46.4 | 47.8 | 45 | 46.8 | 46.7 | 47.1 | 47.4 | 46.5 | 47.2 | 46.7 | 47.7 | 47 | 46.9 | 46.2 | 47.4 | 47.4 | |
| Services: Selling prices | 49.2 | 47.9 | 48.2 | 48.9 | 47.9 | 50 | 49 | 48.9 | 48.1 | 49.2 | 47.7 | 47.2 | 48.5 | 47.7 | 48.9 | 47.3 | 46.5 | 46.6 | 47.6 | 48.8 | 49.1 | 48.8 | 47.8 | 45.7 | 47.1 | 48 | 47.4 | 47.5 | 49.5 | 48.7 | 48.4 | 48.7 | 48.9 | 47.7 | 48.3 | 50 | 49.9 | |
| Services: Business activity expectations | 55.5 | 56 | 56 | 55.4 | 55.4 | 54.8 | 55.8 | 57.1 | 56.4 | 55.9 | 56.1 | 56.3 | 57 | 56.6 | 56 | 56.5 | 56.4 | 57.5 | 56.9 | 56.8 | 57.6 | 57.3 | 56.2 | 54.6 | 55.4 | 56.6 | 57.6 | 57 | 57.4 | 58.2 | 58.1 | 59.3 | 59.4 | 59.3 | 57.5 | 58.1 | 57.8 | |
| Manufacturing PMI (Caixin) | 51.5 | 50.9 | 51.7 | 51.8 | 52.2 | 50.8 | 52.1 | 50.3 | 50.1 | 49.9 | 50.6 | 51.2 | 50.5 | 49.5 | 50.4 | 48.3 | 50.4 | 51.2 | 50.8 | 50.1 | 50.5 | 51.5 | 50.3 | 49.3 | 50.4 | 49.8 | 51.8 | 51.7 | 51.4 | 51.1 | 50.9 | 50.8 | 50.8 | 50.7 | 49.5 | 50.6 | 51 | |
| Services PMI (Caixin) | 50.4 | 54.1 | 54.4 | 52.6 | 52.1 | 56.7 | 52.3 | 52 | 52.1 | 52.6 | 52.9 | 53 | 52.6 | 50.6 | 51.1 | 50.7 | 51.9 | 51.4 | 51 | 52.2 | 51.5 | 52 | 50.3 | 51.6 | 52.1 | 51.2 | 54 | 52.5 | 52.7 | 52.5 | 52.7 | 52.9 | 51.5 | 50.4 | 50.2 | 51.8 | ||
| Composite PMI (Caixin) | 50.8 | 53.6 | 54 | 53.1 | 51.5 | 55.4 | 51.6 | 51.3 | 51.2 | 51.8 | 52.5 | 51.9 | 50.8 | 51.3 | 49.6 | 51.1 | 51.8 | 51.5 | 51.1 | 51.4 | 52.3 | 51.9 | 50.3 | 51.2 | 51.2 | 52.8 | 54.1 | 52.8 | 52.7 | 52.5 | 52.5 | 52.6 | 51.6 | 50 | 50.9 | 51.7 |
Latest reading
Manufacturing PMI stood at 49.8 in Aug 2026. That is +1.2% from Jul 2026 and +0.8% from a year earlier. The series on this page is monthly and runs from Jan 2008 to Aug 2026. Source: National Statistics Office (NSO) of China (NBS).
- Latest
- 49.8
- Aug 2026
- vs previous period
- +1.2%
- Jul 2026
- vs a year earlier
- +0.8%
About this data
China's complete Purchasing Managers' Index (PMI) data in a single table. The two headline series from the National Statistics Office — manufacturing PMI and non-manufacturing PMI — date back to 2007, alongside their 22 sub-indexes (including output, new orders, new export orders, input prices, and employment). Of these, the new export orders index serves as the earliest leading indicator of global demand for Chinese goods, while the input price index leads the PPI by several weeks. The final three rows show the PMI surveyed by Caixin and S&P Global, which focuses on private, small and medium-sized, and export-oriented enterprises and can therefore move in the opposite direction to the official PMI in any given month; it is also the sole source for a pure services PMI (formerly the HSBC PMI prior to 2015). The 50-point threshold separates expansion from contraction month-on-month.
