In news dated October 31, 2025, China’s Purchasing Managers’ Index (PMI) for the manufacturing sector in October stood at 49.0%, marking the seventh consecutive month of contraction.
According to data released by the National Bureau of Statistics of the Communist Party of China today (October 31), the PMI for the manufacturing sector in China in October was 49.0%, a decrease of 0.8 percentage points compared to the previous month, persisting below the 50% threshold for seven consecutive months, indicating contraction.
Breaking down the data by enterprise size, the PMI for large, medium, and small-sized enterprises were 49.9%, 48.7%, and 47.1% respectively, showing declines of 1.1, 0.1, and 1.1 percentage points compared to the previous month, all below the expansion-contraction line.
Analyzing the classification indices, among the 5 composing indices of the manufacturing PMI, the production index was 49.7%, a 2.2 percentage point decrease from the previous month. The new orders index was 48.8%, down by 0.9 percentage points from the prior month.
The raw materials inventory index was 47.3%, a 1.2 percentage point decrease from the previous month. The employment index was 48.3%, down by 0.2 percentage points from the previous month. The supplier delivery time index was 50.0%, at the expansion-contraction line, but down by 0.8 percentage points from the preceding month.
Central News Agency noted that the relevant data reflect a slowdown in manufacturing production, a slight decline in market demand, continued reduction in primary raw material inventories, and a minor decrease in business sentiment for employment.
In October, the non-manufacturing business activity index was 50.1%, a 0.1 percentage point increase compared to the previous month, entering the expansion zone.