China Official PMI November 2026

China’s Official PMI (Purchasing Managers’ Index) for November 2026 is due for release on Monday, November 30, 2026, at 9:30 am China Standard Time, which is 8:30 pm ET on Sunday, November 29 in the United States and 1:30 am on Monday, November 30 in London. The figures are published jointly by China’s National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) on the NBS website. The release covers business conditions during November 2026 across manufacturing, non-manufacturing (services and construction), and a composite reading. Full schedule and background: China Official PMI.

What is the China Official PMI?

The Purchasing Managers’ Index is a monthly survey of purchasing managers at thousands of enterprises across China, asking whether business conditions such as new orders, output, employment, prices and delivery times improved, worsened or stayed the same compared with the previous month. The manufacturing PMI is drawn from roughly 3,200 manufacturing firms, according to TrendForce’s DataTrack, and is weighted across five sub-indices including new orders, production, employment, supplier delivery times and raw material inventories.

A reading above 50.0 signals that activity is expanding compared with the prior month, while a reading below 50.0 signals contraction. There is no comparison against a fixed baseline: it is purely a month-on-month diffusion index. The non-manufacturing PMI, published alongside it, covers services and construction and is watched closely because services now make up the larger share of China’s economy.

Markets watch this release because it is the first hard indicator of Chinese activity for any given month, arriving days before trade, credit and industrial output data. Global investors, particularly those exposed to commodities, shipping, and Asian equities, use it to gauge demand from the world’s second-largest economy.

When is the November PMI released?

The November 2026 China Official PMI is scheduled for release on November 30, 2026, at 9:30 am local time in Beijing (8:30 pm ET on the preceding US evening, 1:30 am in London). It is published on the NBS website in both Chinese and English. China typically releases this data on the last calendar day of the reference month, or the first business day after it, rather than waiting for the start of the following month like most other economies’ PMIs.

What is the consensus forecast?

A consensus forecast for the November 2026 release had not been published at the time of writing; economist estimates from Reuters and Bloomberg polls typically appear in the days immediately before the release date. The most recently confirmed official readings available were for early 2026, with the manufacturing PMI at 50.4 in March 2026, up from 49.0 in February 2026, according to Trading Economics. The specific October and November 2026 prints were not independently verifiable in the sources available for this preview, so readers should check the official NBS release or a live economic calendar closer to the date for the confirmed prior figure and consensus.

What the result could mean

Why does this release matter right now?

China’s manufacturing PMI has spent long stretches hovering either side of the 50 threshold through 2025 and into 2026, reflecting a mix of resilient exports and persistently soft domestic demand. The index fell to 49.0 in October 2025 from 49.8 in September, according to Trading Economics, before recovering to 50.1 in December 2025, as reported by the National Bureau of Statistics. Early 2026 saw a dip back into contraction around the Lunar New Year holiday before a rebound to 50.4 in March 2026, the strongest print in a year, supported by government spending and export demand tied to global AI-related investment.

Policymakers in Beijing use the PMI as one input into decisions on fiscal stimulus and monetary easing, while foreign central banks and investors treat it as an early gauge of Chinese demand for imported goods, industrial inputs and commodities. A weak reading tends to reinforce expectations that Beijing will lean further into stimulus, while a strong reading can ease pressure for additional support.

Recent China Official PMI readings

Source: National Bureau of Statistics of China and Trading Economics. Some months are omitted where an official non-manufacturing figure was not independently confirmed for this preview.

What It Means for Your Money

Mortgages and interest rates: A weak China PMI can push global bond yields lower as investors seek safety, which can feed through to slightly cheaper fixed mortgage rates in the US, UK and Europe. A strong reading can have the opposite effect, nudging yields and borrowing costs up.

Jobs and wages: Manufacturers and exporters in Asia, Europe and commodity-producing nations such as Australia and Brazil are sensitive to Chinese demand. A run of weak PMI prints can eventually show up as softer hiring at firms that sell machinery, metals or components into China.

Prices at home: China is a major buyer of oil, copper and other raw materials. Stronger Chinese activity tends to support commodity prices, which can filter into fuel and household goods prices elsewhere; weaker activity can help keep those costs down.

Investments and pensions: Chinese and broader Asian equities, along with commodity-linked stocks and funds held in pensions, often move on the day of this release. A surprise in either direction can cause short-term volatility in diversified portfolios with exposure to emerging markets.

Currencies: The Chinese yuan, the Australian dollar and other commodity currencies frequently react to PMI surprises, and moves can spill over into the pound, euro and dollar through shifts in risk appetite and trade flows.

Related events

• Previous release: China Official PMI, October 2026
• China’s Caixin manufacturing and services PMIs, a separate private-sector survey published a day or two after the official figures
• China trade balance and industrial production data, typically released in the following weeks

Frequently Asked Questions

What time is the China Official PMI released?

The November 2026 release is due at 9:30 am China Standard Time on November 30, 2026, which is 8:30 pm ET the previous evening and 1:30 am in London.

How do I read the PMI number?

A reading above 50.0 means activity expanded compared with the previous month, while a reading below 50.0 means it contracted; the further from 50.0, the stronger the signal.

Does the China PMI affect central bank policy elsewhere?

It is not a direct input for the Federal Reserve, Bank of England or European Central Bank, but sharp swings can influence their assessment of global growth and commodity price pressures, which feed into inflation forecasts.

Where can I find the official release?

The data is published on the National Bureau of Statistics of China website, with an English-language version typically posted within days of the Chinese release.

When is the next China Official PMI due?

The December 2026 reading is expected around the final day of December 2026 or the first business day of January 2027, following the usual monthly pattern.