The RatingDog China Manufacturing PMI declined to a four-month low of 50.9 in July 2026 from 51.7 in June, falling below forecasts of 51.5, as output and new orders grew more slowly. Output continued to rise, while new orders increased for the 14th consecutive month, the longest streak since 2018, supported by stronger foreign sales, which rose for the first time in three months. Meanwhile, employment increased for the second straight month, with job creation reaching its strongest level since August 2023. Delivery times lengthened for the fifth consecutive month, but the extent of the delays remained only marginal. On the price front, input price inflation eased for the third consecutive month to its weakest level since January. Meanwhile, output prices were unchanged after six consecutive months of increases. Finally, business sentiment improved, supported by expectations of stronger market demand, new product development, expanded production capacity, and increased efficiency. source: S&P Global

Manufacturing PMI in China decreased to 50.90 points in July from 51.70 points in June of 2026. Manufacturing PMI in China averaged 50.18 points from 2011 until 2026, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in China decreased to 50.90 points in July from 51.70 points in June of 2026. Manufacturing PMI in China is expected to be 51.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China RatingDog Manufacturing PMI is projected to trend around 50.60 points in 2027 and 50.70 points in 2028, according to our econometric models.



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Industrial Capacity Utilization 73.00 73.60 percent Jun 2026
Passanger Car Production 2760000.00 2616000.00 Units Jun 2026
Passenger Car Sales 1602000.00 1510000.00 Units Jun 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 2810000.00 2629000.00 Units Jun 2026


China RatingDog Manufacturing PMI
The RatingDog China General Manufacturing PMI, compiled by S&P Global, is based on monthly surveys of around 650 manufacturers across sectors and company sizes, weighted by GDP contribution. Conducted in the second half of each month, the survey tracks changes from the prior month using a diffusion index, where readings above 50 signal improvement and below 50 signal deterioration. The headline PMI is a weighted average of five components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%, inverted), and Stocks of Purchases (10%). Results are seasonally adjusted, with only adjustment factors subject to revision, not the original survey data. 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 Factory Activity Growth at 4-Month Low
The RatingDog China Manufacturing PMI declined to a four-month low of 50.9 in July 2026 from 51.7 in June, falling below forecasts of 51.5, as output and new orders grew more slowly. Output continued to rise, while new orders increased for the 14th consecutive month, the longest streak since 2018, supported by stronger foreign sales, which rose for the first time in three months. Meanwhile, employment increased for the second straight month, with job creation reaching its strongest level since August 2023. Delivery times lengthened for the fifth consecutive month, but the extent of the delays remained only marginal. On the price front, input price inflation eased for the third consecutive month to its weakest level since January. Meanwhile, output prices were unchanged after six consecutive months of increases. Finally, business sentiment improved, supported by expectations of stronger market demand, new product development, expanded production capacity, and increased efficiency.
2026-08-03
China Factory Activity Hits 3-Month Low
The RatingDog China Manufacturing PMI inched down to a three-month low of 51.7 in June 2026 from 51.8 in May, but above forecasts of 51.6. It also remained above the long-run survey trend of 50.8 since 2004, and caps off the strongest quarter since late 2020. Output grew solidly, while new orders rose for the thirteenth straight month, matching the joint-longest expansion sequence since 2018. However, foreign sales fell for the second straight month. Meanwhile, employment climbed for the first time in three months, with job creation reaching its strongest level since August 2023. Delivery times lengthened only marginally, marking the weakest deterioration in the current four-month sequence. On prices, input price inflation eased from April's four-year high to its weakest level since January. Meanwhile, output price inflation edged up, extending its increase to a sixth consecutive month, the longest such sequence since 2021. Finally, sentiment weakened to a five-month low.
2026-07-01
China Manufacturing Growth Tops Forecasts
The RatingDog China Manufacturing PMI eased to 51.8 in May 2026 from an over five-year high of 52.2 in April, but came in above forecasts of 51.4. Growth for new orders and output moderated but stayed robust, supported by domestic demand, new customers and product upgrades, while export orders dipped slightly. Production also rose strongly, among the highest since late 2024. Meanwhile, employment edged into marginal contraction, and supplier delivery times lengthened for a third month, albeit modestly, alongside higher input purchases and six consecutive months of rising input stocks. Inflationary pressures eased, with input and output price increases slowing for the first time in six and seven months respectively, though costs remained elevated due to raw materials, energy and supply disruptions. Business confidence stayed positive but softened, driven by expectations of stronger demand, new orders and capacity expansion.
2026-06-01