In September 2025, China's non-manufacturing Purchasing Managers' Index (PMI) experienced a slight decline, dropping to 50.0 from 50.3 in August. This indicator, updated on September 30, 2025, reveals a continued expansion, albeit at a slower pace, within the non-manufacturing sector.
The non-manufacturing PMI, a critical gauge of the services and construction sectors, indicates the continuing challenges faced by China's economy amidst its recovery efforts. A PMI above 50 signifies expansion, but the decrease from the previous month's figure points to a marginal cooling off in the non-manufacturing activities.
This shift underscores the ongoing complexities in maintaining a robust economic momentum, as China navigates both domestic adjustments and external economic pressures. Analysts will be closely monitoring these figures in the coming months to assess if this deceleration is part of a temporary adjustment or indicative of longer-term economic recalibration.
