The RatingDog China General Composite PMI rose to 51.6 in January 2026 from 51.3 in the previous month, marking the highest reading since October. The index signaled an eighth consecutive month of expansion in private-sector activity, as output growth accelerated across both the manufacturing and services sectors. Total new business increased at a faster pace, supported by a renewed rise in overseas demand. Stronger inflows of new work prompted firms to resume hiring, which helped reduce outstanding business volumes. Meanwhile, composite output charges increased for the first time in 14 months, reflecting continued rises in input costs, although the pace of cost inflation eased compared with December.
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China RatingDog Composite PMI Rises to 3-Month Peak
The RatingDog China General Composite PMI rose to 51.6 in January 2026 from 51.3 in the previous month, marking the highest reading since October. The index signaled an eighth consecutive month of expansion in private-sector activity, as output growth accelerated across both the manufacturing and services sectors. Total new business increased at a faster pace, supported by a renewed rise in overseas demand. Stronger inflows of new work prompted firms to resume hiring, which helped reduce outstanding business volumes. Meanwhile, composite output charges increased for the first time in 14 months, reflecting continued rises in input costs, although the pace of cost inflation eased compared with December.