[National Bureau of Statistics: September manufacturing PMI at 50.1%, up 0.3 percentage points MoM]

Published: Sep 30, 2026 10:50 (GMT+8)

Save

The National Bureau of Statistics reported that in September, the manufacturing PMI was 50.1%, up 0.3 percentage points from the previous month, moving into expansion territory. By enterprise size, the PMI for large enterprises was 50.6%, unchanged from the previous month and above the threshold; the PMIs for medium-sized and small enterprises were 49.7% and 48.9%, respectively, up 0.3 and 1.0 percentage points from the previous month, both below the threshold. Among the five sub-indices that make up the manufacturing PMI, the production index, new orders index, and supplier delivery time index were all above the threshold, while the raw material inventory index and employment index were below the threshold.

In September, the composite PMI output index was 50.7%, up 1.2 percentage points from the previous month, rising above the threshold, indicating that overall production and business activities of enterprises in China expanded from the previous month. The manufacturing production index and non-manufacturing business activity index, which make up the composite PMI output index, were 51.7% and 50.2%, respectively.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

"250 Billion Yuan in Special Bonds Fully Allocated for 2026 Consumer Goods Trade-Ins"

Recently, the National Development and Reform Commission (NDRC), together with the Ministry of Finance, allocated the fourth batch of 62.5 billion yuan in ultra-long-term special government bonds for this year to local governments to support consumer goods trade-ins. With this, the full-year allocation of 250 billion yuan for consumer goods trade-ins has been completed. Going forward, relevant departments will continue to guide local governments in properly managing the pace of work, optimizing fund utilization plans, handling subsidy review and disbursement in a standardized and efficient manner, and cracking down on illegal activities such as fraudulent subsidy claims and misappropriation, so as to effectively leverage the impact of the consumer goods trade-in policy.

47 mins ago

1 hour ago

[Thyssenkrupp Steel cuts 4,000 jobs, targets 8.7-9 million tonnes of shipments]

Thyssenkrupp Steel updated its restructuring at its Capital Markets Day on 28 September. Under a deal with the IG Metall union, about 11,000 positions will be cut or outsourced; the 4,000 reductions already made are not all direct job losses. Capacity of 11.5 million tonnes a year is being aligned to shipments of 8.7-9 million tonnes, and the separation from Hüttenwerke Krupp Mannesmann (HKM) closed in summer 2026. Restructuring and cost savings should add over 800 million EUR (860 million USD) to adjusted EBITDA, with medium-term targets of 1.2 billion EUR (1.3 billion USD), an 11% margin and positive free cash flow. The firm now prioritises product value over volume, with two-thirds of its portfolio in premium grades, and is building a direct reduction plant in Duisburg. Trade measures since July 2026 cover over 80% of the European flat steel market.

1 hour ago

[Austria's August crude steel output edges up further m-o-m]

Austria produced 657,236 tonnes of crude steel in August, up 0.6% month on month but down 2.1% year on year, worldsteel data show, keeping the country 22nd in the global ranking. January-August output reached 5.11 million tonnes, above the 4.98 million tonnes of the same period in 2025, bucking the broader EU downtrend. EU output fell 1% y-o-y to 8.89 million tonnes in August, with the eight-month total at 84.4 million tonnes versus 84.7 million tonnes a year earlier. Voestalpine keeps focusing on value-added growth in high-yield processing, and said dry weather that pushed the Danube to critical levels is not disrupting its logistics, as its Linz mill mainly takes feedstock by land. It also plans a second electric arc furnace at Donawitz with one due to start up there within a year.

1 hour ago