China’s December PMI Rises to 50.1, Returning Above the Expansion-Contraction Threshold

张国萍 · 发表于 2025-12-31 22:04:09

China’s Manufacturing Purchasing Managers’ Index (PMI) stood at 50.1 in December 2025, up from the previous reading of 49.2, indicating that the manufacturing sector has returned above the 50-point expansion-contraction threshold after eight consecutive months of contraction. The average PMI for the full year of 2025 was unchanged from that of 2024.

On Wednesday (December 31), China’s National Bureau of Statistics (NBS) and the China Federation of Logistics & Purchasing (CFLP) released the December 2025 Manufacturing PMI data. The NBS stated that market demand in China’s manufacturing sector showed signs of recovery in December, with solid production expansion and improving price trends. The Manufacturing PMI rose by 0.9 points month-on-month to 50.1, entering the expansion territory and signaling a rebound and improvement in the sector.

Specifically, the New Orders Index rose to 50.8, up 1.6 points from November. According to the NBS, improved demand and positive policy expectations supported stronger production activity, with the Production Index reaching 51.7, an increase of 1.7 points from the previous month.

Beyond steady expansion in scale, the manufacturing sector also showed positive structural shifts. The High-Tech Manufacturing PMI surged to 52.5, up 2.4 points from November, reflecting significantly accelerated expansion. The Consumer Goods Manufacturing PMI stood at 50.4.

The average PMI for the full year of 2025 was 49.6, essentially flat compared to the 2024 annual average. The NBS projected that in 2026, supported by multiple positive factors working in tandem, China’s manufacturing sector is expected to achieve steady growth with gradual improvement.

[中国] China’s December PMI Rises to 50.1, Returning Above the Expansion-Contraction Threshold

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