FX.co ★ China RatingDog Composite PMI Falls from 3-Month Peak

The RatingDog China General Composite PMI edged down to 53.6 in June 2026 from a three-month high of 54.0 in May. Despite this slight moderation, the latest figure remained one of the strongest readings of the past three years, signaling continued broad-based expansion in both manufacturing and services. New business rose for the thirteenth month in a row, with the pace of growth largely unchanged from May, highlighting resilient underlying demand. Employment increased for a second consecutive month, delivering the first back-to-back rise in payrolls since mid-2023 and suggesting an improving labor market. On the cost side, input price inflation eased to a five-month low, pointing to reduced cost pressures for firms. Nevertheless, companies continued to pass higher costs on to clients, as output prices climbed at the fastest rate since March 2022, reflecting stronger pricing power supported by solid demand.