The RatingDog China General Composite PMI eased to 53.6 in June 2026 from a three-month high of 54.0 in May.
Despite the slight moderation, the latest reading remained among the strongest in the past three years, reflecting sustained expansion across both the manufacturing and services sectors.
New business increased for a thirteenth consecutive month, with the pace of growth broadly unchanged from May, underscoring resilient underlying demand.
Meanwhile, employment rose for a second straight month, marking the first back-to-back increase in payrolls since mid-2023 and pointing to improving labor market conditions.
On the price front, input cost inflation slowed to a five-month low, suggesting easing cost pressures for businesses.
However, firms continued to pass on higher costs to customers, with output charges rising at the fastest pace since March 2022, indicating stronger pricing power amid solid demand.