China manufacturing PMI: September 2026 reading rose above 50

· Data

Circuit boards moving along a conveyor through automated machines on a factory assembly line
A circuit-board assembly line in a factory. Image: CMB

The National Bureau of Statistics (NBS, 国家统计局) released September 2026 purchasing managers’ index (PMI) readings on 30 September. It compiles the survey with the China Federation of Logistics and Purchasing (中国物流与采购联合会).

Production index rose while new orders eased slightly

The NBS commentary reports a production index of 51.7 percent, up 1.3 percentage points from August. The new orders index was 50.5 percent, down 0.1 percentage points.

Manufacturing survey readings — September 2026
IndicatorIndex (%)Change (pp)
Manufacturing PMI50.1+0.3
Production51.7+1.3
New orders50.5-0.1
Note: Seasonally adjusted index readings; changes from August in percentage points (pp). Source: NBS, September 2026 PMI release, 30 September 2026.

PMI summarises purchasing managers’ monthly reports. The survey notes explain that readings above 50 percent indicate expansion from the previous month. Readings below 50 percent indicate contraction.

These are survey index readings, not percentage changes in output. The headline manufacturing PMI was 49.8 percent in August.

Smaller companies remained below the expansion threshold

Large manufacturers recorded a PMI of 50.6 percent, unchanged from August. Medium-sized and small manufacturers improved by 0.3 and 1.0 percentage points respectively. Both groups remained below 50 percent.

Manufacturing PMI by company size in September

Unit: %

September 2026; survey index readings; 50% threshold · Source: NBS PMI commentary, 30 September 2026

View as table
ItemValue
Large50.6%
Medium-sized49.7%
Small48.9%

Industry groups reported different September PMI readings

The NBS commentary lists equipment manufacturing, high-tech manufacturing and consumer goods above the threshold. The high-energy-consuming industry group remained below it.

Manufacturing PMI for selected industry groups

Unit: %

September 2026; survey index readings; 50% threshold · Source: NBS PMI commentary, 30 September 2026

View as table
ItemValue
Equipment51.0%
High-tech52.5%
Consumer goods50.7%
High energy use48.0%

The manufacturing survey uses 3,200 business samples

The release’s survey notes specify 3,200 manufacturing samples across 31 industry categories. All published indices are adjusted for seasonal patterns.

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