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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina S&P Global Manufacturing PMI climbed to 52.1 Points in September 2026
FMPMonthlyReleased September 2026
China S&P Global Manufacturing PMI climbed to 52.1 Points in September 2026, up 0.6 Points from August's 51.5 Points reading. The reading matched the 51.6 Points consensus.
Latest Release
52.100000
Actual
51.600000
Consensus
51.500000
Previous
Median Absolute Error
±0.8
across last 5 releases
Last Call
Sep 2026
Predicted: 51.58
Actual: 52.1
Error: -0.52
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| USD/CNH | ▲ Direct | +0.41 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.40 | COMMODITIES | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
| USD/CNY | ▲ Direct | +0.37 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (China) was reported at 52.10 Points in September 2026. This beat the market consensus of 51.60 Points by 0.50 Points. The reading rose from the previous value of 51.50 Points. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). A secondary relationship exists with USD/CNH, positively correlated (Bullish USD).
WHAT TO WATCH NEXT
The next release is scheduled for October 31, 2026. Same-country events in the next 14 days include NBS Non Manufacturing PMI (Oct 31) and NBS Manufacturing PMI (Oct 31).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Manufacturing PMI - CN
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About S&P Global Manufacturing PMI — China
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 50.2 Points, consensus 51.6 Points. Prior reading (Aug 2026): 49.8 Points. Before that (Jul 2026): 49.2 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.43) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - CN Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:45 | CN | S&P Global Manufacturing PMI | 52.1 | 51.6 | 51.30 | High | |