China’s official manufacturing purchasing managers’ index fell to 49.3 in October 2026 from 50.1 in September, returning below the 50 threshold that separates expansion from contraction, according to data released by the National Bureau of Statistics on 31 October. The production index declined to 49.8 from 51.7, while new orders fell to 49.4 from 50.5. The non-manufacturing activity index slipped to 49.7 from 50.2, including construction at 48.0 and services at 50.0. The composite PMI output index dropped to 49.7 from 50.7. These are separate measures within one official monthly release, not distinct breaking-news events.
China's economic activity weakened in October 2026 as the official manufacturing PMI dropped to 49.3 from 50.1, signalling a return to contraction. Factory production and new orders both declined, while the non-manufacturing index slipped to 49.7 amid weaker construction activity and stagnant services. The composite PMI also fell to 49.7, indicating broader economic softness. The figures raise concerns about domestic DemandHow much buyers want at a given price. Stronger demand can make buyers compete with higher offers.Read More, industrial momentum and China's near-term growth outlook, with potential implications for global CommodityA raw material traded in global markets, such as gold, oil, copper, or wheat. Commodity prices can affect commodity-linked currencies and inflation.Read More markets.
