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.

ETFs: (NYSEARCA:FXI), (NYSEARCA:KWEB), (NYSEARCA:CQQQ), (NASDAQ:MCHI), (NYSEARCA:ASHR), (NYSEARCA:YINN), (NYSE:TDF), (NYSEARCA:CHIQ), (NYSEARCA:GXC), (NYSEARCA:EWH), (NYSEARCA:KBA), (NYSEARCA:YANG), (NASDAQ:CXSE), (NYSE:CAF), (NYSEARCA:CWEB), (NASDAQ:PGJ), (NYSEARCA:KURE).

Currency: (CNY:USD)

More on China markets and economy:

• Templeton Dragon Fund Inc. Q2 2026 Commentary
• Wall Street Brunch: U.S.-China Summit In Spotlight
• China Vs. The World: Chinese Overcapacity Threatens The Global Economic Order
• Asian equities mostly lower amid tech drag; RBA hikes cash rate to 4.85%
• FX weekly: Global currencies gain as dollar retreats

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