Observed history · Oct 2023–Oct 2026 · 37 readings. Marker: latest.
What it means
The October reading fell below 50, reversing September’s move into expansion. Production and new orders also fell below that threshold. This is a diffusion survey of manufacturing conditions, not a percentage change in national output.
Source & measurement
NBS official manufacturing PMI fell to 49.3 in October from 50.1 in September. Below 50 indicates contraction. The 37-month history combines the official October 2024, October 2025 and October 2026 release tables; no missing months are interpolated.