National Bureau of Statistics: The manufacturing PMI in October was 49.0%, a decrease of 0.8 percentage points month-on-month.

According to the Wise Finance and Economics APP, on October 31, the National Bureau of Statistics announced the operating status of China's Purchasing Managers' Index (PMI) in October 2025. In October, the PMI for the manufacturing industry was 49.0%, a decrease of 0.8 percentage points from the previous month, indicating a slight decline in the manufacturing industry's business conditions. In terms of enterprise size, the PMI for large, medium, and small enterprises were 49.9%, 48.7%, and 47.1% respectively, a decrease of 1.1, 0.1, and 1.1 percentage points from the previous month, all below the critical point. In terms of the classification index, among the five classification indexes that make up the manufacturing PMI, the supplier delivery time index was at the critical point, while the production index, new orders index, raw material inventory index, and employment index were all below the critical point.