---
source: National Bureau of Statistics of China (NBS)
url: https://www.stats.gov.cn/sj/zxfb/202603/t20260331_1962889.html
document_type: html
date_retrieved: 2026-03-31
period: March 2026
parent_publication: Purchasing Managers' Index (PMI)
indicators_covered: [Manufacturing PMI, Non-Manufacturing PMI, Composite PMI]
---

# 2026年3月中国采购经理指数运行情况
# (Purchasing Managers' Index for March 2026)

## Overview
In March 2026, China's Purchasing Managers' Index (PMI) for the manufacturing sector, non-manufacturing sector, and composite sectors all showed signs of recovery and expansion, returning above the 50.0 threshold.

### Key Indicators (March 2026)
- **Manufacturing PMI:** 50.4% (up 1.4 percentage points from February)
- **Non-Manufacturing Business Activity Index:** 50.1% (up from previous)
- **Composite PMI Output Index:** 50.5% (up 1.0 percentage points from February)

---

## 1. Manufacturing PMI
The Manufacturing PMI rose to 50.4% in March, indicating an expansion in manufacturing activity.

### Sub-indices Performance:
- **Production Index:** 51.4% (up 1.8 percentage points) - Indicates accelerated production activity.
- **New Orders Index:** 51.6% (up 3.0 percentage points) - Indicates significant improvement in market demand.
- **Raw Material Inventory Index:** 47.7% (up 0.2 percentage points) - Indicates a narrower decline in inventories.
- **Employment Index:** 48.6% (up 0.6 percentage points) - Indicates recovery in labor demand.
- **Supplier Delivery Time Index:** 49.5% (up 0.4 percentage points) - Still below 50, indicating extended delivery times.

### Enterprise Size:
- **Large Enterprises:** 51.6% (up 0.1 percentage points)
- **Medium Enterprises:** 49.0% (up 1.5 percentage points)
- **Small Enterprises:** 49.3% (up 4.5 percentage points)

---

## 2. Historical Data Table (Manufacturing PMI)

| Date | PMI | Production | New Orders | Raw Material Inventory | Employment | Supplier Delivery Time |
|---|---|---|---|---|---|---|
| 2025年3月 | 50.5 | 52.6 | 51.8 | 47.2 | 48.2 | 50.3 |
| 2025年4月 | 49.0 | 49.8 | 49.2 | 47.0 | 47.9 | 50.2 |
| 2025年5月 | 49.5 | 50.7 | 49.8 | 47.4 | 48.1 | 50.0 |
| 2025年6月 | 49.7 | 51.0 | 50.2 | 48.0 | 47.9 | 50.2 |
| 2025年7月 | 49.3 | 50.5 | 49.4 | 47.7 | 48.0 | 50.3 |
| 2025年8月 | 49.4 | 50.8 | 49.5 | 48.0 | 47.9 | 50.5 |
| 2025年9月 | 49.8 | 51.9 | 49.7 | 48.5 | 48.5 | 50.8 |
| 2025年10月 | 49.0 | 49.7 | 48.8 | 47.3 | 48.3 | 50.0 |
| 2025年11月 | 49.2 | 50.0 | 49.2 | 47.3 | 48.4 | 50.1 |
| 2025年12月 | 50.1 | 51.7 | 50.8 | 47.8 | 48.2 | 50.2 |
| 2026年1月 | 49.3 | 50.6 | 49.2 | 47.4 | 48.1 | 50.1 |
| 2026年2月 | 49.0 | 49.6 | 48.6 | 47.5 | 48.0 | 49.1 |
| 2026年3月 | 50.4 | 51.4 | 51.6 | 47.7 | 48.6 | 49.5 |

---

## Source Content (Original Language)

国家统计局服务业调查中心
中国物流与采购联合会

一、中国制造业采购经理指数运行情况

3月份，制造业采购经理指数（PMI）为50.4%，比上月上升1.4个百分点，高于临界点，制造业景气水平回升。

从企业规模看，大型企业PMI为51.6%，比上月上升0.1个百分点，高于临界点；中、小型企业PMI分别为49.0%和49.3%，比上月上升1.5个和4.5个百分点，低于临界点。

从分类指数看，构成制造业PMI的5个分类指数中，生产指数和新订单指数均高于临界点，原材料库存指数、从业人员指数和供应商配送时间指数均低于临界点。

生产指数为51.4%，比上月上升1.8个百分点，表明制造业生产活动加快。
新订单指数为51.6%，比上月上升3.0个百分点，表明制造业 market demand 景气水平明显改善。
原材料库存指数为47.7%，比上月上升0.2个百分点，表明制造业主要原材料库存量降幅有所收窄。
从业人员指数为48.6%，比上月上升0.6个百分点，表明制造业企业用工景气度回升。
供应商配送时间指数为49.5%，比上月上升0.4个百分点，低于临界点，表明制造业原材料供应商交货时间较上月延长。