China’s services PMI misses expectations at 50.8 in October, composite PMI drops to 52.0
China’s private sector growth cooled in October 2026 as the RatingDog General Services PMI fell to a three-month low of 50.8 (down from September’s 51.6), missing market estimates of 51.5 to post its weakest expansion since July.
The Composite PMI pulled back from 52.4 to 52.0, signaling a moderate deceleration across the broader private sector.
The Shanghai Composite edged higher to around 3,609, while the Shenzhen Component rose 0.6% to 10,942. Meanwhile, the offshore yuan slid to around 6.68 per dollar.
More on China markets and economy:
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