30.11.202501:30:00UTC+00China's November Composite PMI Dips Below Expansion Threshold

In November, China's Composite Purchasing Managers' Index (PMI) witnessed a slight dip, sliding from the steady mark of 50.0 achieved in October to 49.7. This change, officially updated on November 30, 2025, takes the indicator just below the crucial 50-point mark that separates economic expansion from contraction.

This decline in the Composite PMI suggests that the overarching economic activity in China is experiencing a mild contraction as of November. The index is a significant lead indicator that helps gauge the health of the economy by integrating manufacturing and service sector performance. Falling below the 50-point threshold will likely spur discussions among analysts and policymakers regarding the near-term trajectory of China's economic vitality.

The slight contraction indicated by the PMI in November has the potential to influence China's future economic policy decisions as the country navigates through the economic challenges. Globally, stakeholders are keeping a close watch on this pivotal metric, using it to gauge the broader impact on international markets and trade dynamics. With the Composite PMI dipping below the expansion mark, it places an added emphasis on forthcoming economic data and policy measures that will be crucial in shaping future market expectations.