On October 31, 2026, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Managers' Index. Huo Lihui, chief statistician at the Service Industry Survey Center of the National Bureau of Statistics, explained this. The price index fell from a high level. The purchase price index for major raw materials in the manufacturing industry and the ex-factory price index were 56.8% and 51.7%, respectively. Affected by the recent decline in commodity prices such as non-ferrous metals, they fell 4.0 and 2.3 percentage points from the previous month. They are still in the expansion range, and the price increase in the manufacturing market is narrowing. From an industry perspective, as international crude oil prices continue to rise, the price indices for both petroleum, coal and other fuel processing, chemical fiber, rubber and plastic products industries continue to be at a high level of more than 60.0%.

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