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2026-10-31 09:36:27
[National Bureau of Statistics: Slowdown on Both Supply and Demand] 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 (PMI). Huo Lihui, Chief Statistician of the Service Industry Survey Center of the National Bureau of Statistics, provided an interpretation. Both supply and demand slowed. The manufacturing production index and new orders index were 49.8% and 49.4% respectively, down 1.9 and 1.1 percentage points from the previous month. By industry, the production and new orders indices for railway, shipbuilding, aerospace equipment, and computer, communication, and electronic equipment were both at or above 53.0%, indicating relatively high production and demand activity; while the production and new orders indices for textiles, non-metallic mineral products, and non-ferrous metal smelting and rolling were both below the critical point, indicating weak supply and demand.
