China’s Official Factory Activity Returns to Growth in September

  • China’s official manufacturing PMI returned to growth at 50.1 in September.
  • Official non-manufacturing PMI rose to 50.2, while composite PMI reached 50.7.
  • A State Council meeting chaired by Premier Li Qiang pledged support measures.

China’s official manufacturing PMI rose to 50.1 in September from 49.8 in August, matching expectations and ending two consecutive months of contraction. The official non-manufacturing PMI climbed to 50.2 from 49.0, beating the 49.2 forecast, while the composite PMI increased to 50.7 from 49.5. The data suggest a modest improvement in economic momentum after weather disruptions affected production in August, although weak domestic demand, a prolonged property downturn and cautious consumer spending remain constraints. Separately, the RatingDog China Manufacturing PMI rose to 52.1 in September 2026 from 51.5 in August, exceeding its 51.6 forecast and reaching its highest level since April. A State Council meeting chaired by Premier Li Qiang pledged measures to stabilise the property market, support employment and boost incomes.

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China’s Official Factory Activity Returns to Growth in September - CoinPost Terminal