FX.co ★ China Composite PMI Falls Back into Contraction

China’s NBS Composite PMI Output Index fell to 49.7 in October 2026, down from September’s nine-month high of 50.7, signaling the fifth contraction in overall business activity so far this year. The decline was driven by shrinking manufacturing output and a renewed downturn in the services sector, which had returned to growth in the previous month.