The RatingDog China General Composite PMI rose to 53.1 in April 2026 from March’s three-month low of 51.5, signaling a solid pickup in overall business activity as both manufacturing output and services expanded at a faster pace. Total new business grew more strongly, supported by firmer inflows across both sectors, while outstanding work increased for a third consecutive month, pointing to sustained demand. Employment was broadly stable, slipping only marginally from the previous month. On the price front, cost pressures intensified, with input prices rising at the fastest rate since April 2022, largely driven by manufacturing. Firms responded by raising selling prices, with charge inflation accelerating to a 31-month high, reflecting efforts to pass through higher costs and protect margins. source: S&P Global

Composite PMI in China increased to 53.10 points in April from 51.50 points in March of 2026. Composite PMI in China averaged 51.40 points from 2013 until 2026, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in China increased to 53.10 points in April from 51.50 points in March of 2026. Composite PMI in China is expected to be 50.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China RatingDog Composite PMI is projected to trend around 50.60 points in 2027 and 50.80 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Conditions Index 51.70 52.40 points Mar 2026
NBS Manufacturing PMI 50.30 50.40 points Apr 2026
Industrial Capacity Utilization 73.60 74.90 percent Mar 2026
Passanger Car Production 2446000.00 1400000.00 Units Mar 2026
Passenger Car Sales 1648000.00 1034000.00 Units Mar 2026
Cement Production 12310.00 17827.00 Ten Thousands of Tonnes Mar 2026
Changes in Inventories 10002.90 8740.00 CNY Hundred Million Dec 2024
Composite Leading Indicator 98.49 98.51 points Mar 2026
Industrial Profits (YTD) YoY 1696040.00 1024560.00 CNY Million Mar 2026
Corruption Index 43.00 43.00 Points Dec 2025
Corruption Rank 76.00 76.00 Dec 2025
Electricity Production 802480.00 1571790.00 Gigawatt-hour Mar 2026
Industrial Production YoY 5.70 6.30 percent Mar 2026
Industrial Production Mom 0.28 0.83 percent Mar 2026
Leading Economic Index 144.80 145.10 points Mar 2026
Manufacturing Production YoY 6.00 6.60 percent Mar 2026
Mining Production 5.70 6.10 percent Mar 2026
New Orders 50.60 51.60 points Apr 2026
Steel Production 87000.00 76100.00 Thousand Tonnes Mar 2026
Vehicle Sales YoY 2899000.00 1801000.00 Units Mar 2026


China RatingDog Composite PMI
The RatingDog China General Composite PMI, compiled by S&P Global, surveys around 1,300 companies across the manufacturing and service sectors. Data have been collected monthly since November 2005 to track changes in activity compared with the previous month. The Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, with weights based on the relative size of each sector according to official GDP data. A diffusion index is calculated for the survey, ranging from 0 to 100, with readings above 50 indicating overall growth. While sometimes referred to as the Composite PMI, it is not directly comparable with the headline manufacturing PMI. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
China RatingDog Composite PMI Rises from 3-Month Low
The RatingDog China General Composite PMI rose to 53.1 in April 2026 from March’s three-month low of 51.5, signaling a solid pickup in overall business activity as both manufacturing output and services expanded at a faster pace. Total new business grew more strongly, supported by firmer inflows across both sectors, while outstanding work increased for a third consecutive month, pointing to sustained demand. Employment was broadly stable, slipping only marginally from the previous month. On the price front, cost pressures intensified, with input prices rising at the fastest rate since April 2022, largely driven by manufacturing. Firms responded by raising selling prices, with charge inflation accelerating to a 31-month high, reflecting efforts to pass through higher costs and protect margins.
2026-05-06
China RatingDog Composite PMI Drops from 33-Month Peak
The RatingDog China General Composite PMI fell to 51.5 in March 2026 from February’s 33-month high of 55.4. Despite the decline, the reading remained broadly in line with the two-year average, indicating continued expansion with growth still supported across manufacturing and services. Total new orders rose at a slower pace, though gains in both sectors helped sustain overall demand. Backlogs of work increased at the fastest rate in six months, pointing to rising capacity pressures. Employment, however, continued to edge lower overall, as gains in manufacturing jobs were not enough to offset declines elsewhere. On the price front, input cost inflation accelerated to its strongest level since May 2022, largely driven by a sharp rise in manufacturing costs. Meanwhile, output charge inflation eased slightly from February and remained close to its long-run average.
2026-04-03
China RatingDog Composite PMI Highest Since 2023
The RatingDog China General Composite PMI rose to 55.4 in February 2026 from 51.6 in January, marking the fastest expansion in overall private-sector activity since May 2023. Output growth accelerated across both the manufacturing and services sectors, while total new business also increased at a quicker pace, supported by stronger growth in new export work. Backlogs of work began to accumulate again, as renewed job shedding was observed in the services sector. Meanwhile, price pressures intensified, with input costs and output charges rising at the fastest pace in 20 and 28 months, respectively.
2026-03-04