The RatingDog China General Composite PMI fell to 50.8 in July 2026 from 53.6 in the previous month, marking its lowest reading since July 2025 and signaling a slower pace of expansion in private-sector activity. The decline reflected weaker momentum across both the manufacturing and services sectors. New business increased for a fourteenth consecutive month but expanded at the slowest pace since March, indicating softer demand. Meanwhile, employment rose for a third straight month, extending the longest run of job growth since mid-2023 and suggesting firms continued to add staff despite moderating activity. On the price front, both input costs and output charges rose at their weakest pace in six months, with inflation easing across the manufacturing and services sectors. The moderation in cost and selling price pressures points to softer inflationary momentum as overall business growth lost steam in July. source: S&P Global

Composite PMI in China decreased to 50.80 points in July from 53.60 points in June of 2026. Composite PMI in China averaged 51.42 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 decreased to 50.80 points in July from 53.60 points in June of 2026. Composite PMI in China is expected to be 52.00 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 50.10 48.70 points Jul 2026
NBS Manufacturing PMI 49.20 50.30 points Jul 2026
Industrial Capacity Utilization 73.00 73.60 percent Jun 2026
Passanger Car Production 2573000.00 2760000.00 Units Jul 2026
Passenger Car Sales 1461000.00 1602000.00 Units Jul 2026
Cement Production 14423.00 14991.00 Ten Thousands of Tonnes Jun 2026
Changes in Inventories 15366.10 11183.40 CNY Hundred Million Dec 2025
Coal Production 380.88 400.00 Million Tonnes Jun 2026
Composite Leading Indicator 98.57 98.60 points Jun 2026
Industrial Profits (YTD) YoY 3947990.00 3143960.00 CNY Million Jun 2026
Corruption Index 43.00 43.00 Points Dec 2025
Corruption Rank 76.00 76.00 Dec 2025
Electricity Production 827600.00 784250.00 Gigawatt-hour Jun 2026
Industrial Production YoY 5.30 4.50 percent Jun 2026
Industrial Production Mom 0.76 0.40 percent Jun 2026
Leading Economic Index 148.80 148.80 points Jun 2026
Manufacturing Production YoY 6.00 4.40 percent Jun 2026
Mining Production -2.20 2.30 percent Jun 2026
New Orders 48.50 51.20 points Jul 2026
Steel Production 83700.00 84400.00 Thousand Tonnes Jun 2026
Vehicle Sales YoY 2584000.00 2810000.00 Units Jul 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 Lowest in a Year
The RatingDog China General Composite PMI fell to 50.8 in July 2026 from 53.6 in the previous month, marking its lowest reading since July 2025 and signaling a slower pace of expansion in private-sector activity. The decline reflected weaker momentum across both the manufacturing and services sectors. New business increased for a fourteenth consecutive month but expanded at the slowest pace since March, indicating softer demand. Meanwhile, employment rose for a third straight month, extending the longest run of job growth since mid-2023 and suggesting firms continued to add staff despite moderating activity. On the price front, both input costs and output charges rose at their weakest pace in six months, with inflation easing across the manufacturing and services sectors. The moderation in cost and selling price pressures points to softer inflationary momentum as overall business growth lost steam in July.
2026-08-05
China RatingDog Composite PMI Falls from 3-Month Peak
The RatingDog China General Composite PMI eased to 53.6 in June 2026 from a three-month high of 54.0 in May. Despite the slight moderation, the latest reading remained among the strongest in the past three years, reflecting sustained expansion across both the manufacturing and services sectors. New business increased for a thirteenth consecutive month, with the pace of growth broadly unchanged from May, underscoring resilient underlying demand. Meanwhile, employment rose for a second straight month, marking the first back-to-back increase in payrolls since mid-2023 and pointing to improving labor market conditions. On the price front, input cost inflation slowed to a five-month low, suggesting easing cost pressures for businesses. However, firms continued to pass on higher costs to customers, with output charges rising at the fastest pace since March 2022, indicating stronger pricing power amid solid demand.
2026-07-03
China RatingDog Composite PMI Rises to 3-Month High
The RatingDog China General Composite PMI rose to 54.0 in May 2026 from 53.1 in the prior month, reaching its highest level since February and signaling a further strengthening in private-sector business activity. The latest reading pointed to the second-fastest pace of expansion in the past two years, amid a stronger services sector and solid growth in manufacturing output. New business increased at the quickest pace in three months, reflecting improving demand conditions across the economy. Outstanding work rose for a fourth month, indicating sustained pressure on business capacity. Employment also edged higher, driven largely by hiring among service providers to meet rising workloads. On the price front, input cost inflation eased for the first time since January, helping to ease the increase in prices charged to customers. Overall cost pressures remained broadly in line with the long-run average, suggesting that inflationary pressures were manageable.
2026-06-03