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. New momentum continues to grow at a relatively rapid pace. The PMI for the high-tech manufacturing industry and the equipment manufacturing industry was 51.3% and 50.6% respectively, which continued to be above the critical point. The production and operation of enterprises in related industries continued to expand, and new quality productivity continued to develop well. The PMI for the consumer goods industry and the high-energy sector was 48.8% and 47.3%, respectively, down 1.9 and 0.7 percentage points from the previous month, and market activity declined.

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