China Rating Dog Services PMI 52.6 (October) (vs. expected 52.6, prior 52.9)

Rating Dog / S&P Global Services and Composite PMIs from China for October 2025

more to come

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This is the private survey services PMI. We’ve already had the official PMIs from China for October:

• China official manufacturing PMI (October) 49.0 (expectd 49.6) services 50.1 (expected 50)

and the private manufacturing PMI (also a Rating Dog):

• China private survey manufacturing PMI (October 2025) 50.6 (expected 50.7)

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China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Rating Dog China PMI published by Markit / S&P Global.

• The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers more small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China’s private sector.
• Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey. Despite these differences, the two surveys often provide similar readings on China’s manufacturing sector.

This article was written by Eamonn Sheridan at investinglive.com.