China PMIs
China Manufacturing PMI for October 2025 is a poor 49.0,
- in contraction for the seventh month in row
- 6-month low
- expected 49.6, prior 49.8%
Non-manufacturing 50.1
- expected 50.1, prior 50.0
Composite 50.0
- prior 50.6
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China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Rating Dog China PMI published by Markit / S&P Global.
- The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers more small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China’s private sector.
- Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey. Despite these differences, the two surveys often provide similar readings on China’s manufacturing sector.
This article was written by Eamonn Sheridan at investinglive.com.
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