Business confidence · China
China NBS Manufacturing PMI
The China NBS Manufacturing PMI asks companies in China how they judge current business conditions and what they expect for the coming months.
- 重要性
- High
- 发布时间
- Monthly
- 下次发布
- 货币
- CNH · Chinese yuan (renminbi)
- 中央银行
- The People's Bank of China
最新数据
最新一期（OCT）于 2026-10-31 公布，数值为 49.3。 低于 50 的市场预期。 低于上次的 50.1。
A weaker figure than expected points to slowing activity: the Chinese yuan (renminbi) tends to soften and markets price in lower rates.
最近 12 次公布中介于 49.0 至 50.4，平均 49.8。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 31 Oct 2026 | OCT | 49.3 | 50 | 50.1 |
| 30 Sep 2026 | SEP | 50.1 | 50.1 | 49.8 |
| 31 Aug 2026 | AUG | 49.8 | 49.7 | 49.2 |
| 31 Jul 2026 | JUL | 49.2 | 50.0 | 50.3 |
| 30 Jun 2026 | JUN | 50.3 | 50.1 | 50.0 |
| 31 May 2026 | MAY | 50 | 50 | 50.3 |
| 30 Apr 2026 | APR | 50.3 | 50.1 | 50.4 |
| 31 Mar 2026 | MAR | 50.4 | 50.1 | 49.0 |
| 4 Mar 2026 | FEB | 49.0 | 49.1 | 49.3 |
| 31 Jan 2026 | JAN | 49.3 | 50 | 50.1 |
| 31 Dec 2025 | DEC | 50.1 | 49.2 | 49.2 |
| 30 Nov 2025 | NOV | 49.2 | 49.2 | 49.0 |
为何重要
Confidence leads hiring and investment decisions, so these surveys often turn before the hard data. Germany's Ifo and ZEW, and Japan's Tankan, are among the most market-moving releases for the euro and the yen.
计算方法
Survey answers (better/same/worse) are turned into a balance (positive minus negative answers) or an index around a long-run average of 100; the release separates current conditions from expectations.
变化意味着什么
- The expectations component turns first; watch its direction over several months.
- A gap between strong current conditions and weak expectations often marks a peak.
高于预期：A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.
低于预期：A weaker figure than expected points to slowing activity: the Chinese yuan (renminbi) tends to soften and markets price in lower rates.
简史
Business tendency surveys began in Germany (Ifo) and other European countries after the Second World War; the Bank of Japan's Tankan has been run for decades, and the ZEW financial-expert survey since 1991.
问题
What is the China NBS Manufacturing PMI?
The China NBS Manufacturing PMI asks companies in China how they judge current business conditions and what they expect for the coming months.
What was the latest China NBS Manufacturing PMI?
49.3 for OCT, published on 31 October 2026 (consensus 50, previous 50.1).
When is the next China NBS Manufacturing PMI?
On Monday 30 November 2026 at 01:30 UTC.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。