According to data from the National Bureau of Statistics, China's Manufacturing Purchasing Managers' Index (PMI) was 49.3% in October 2026, a decrease of 0.8 percentage points from the previous month, indicating a decline in manufacturing prosperity. Meanwhile, the Non-Manufacturing Business Activity Index was 49.7%, and the Composite PMI Output Index was 49.7%. Both figures are below the 50% threshold that separates expansion from contraction, signaling an overall slowdown in enterprise production and business operations.