1 Dec 2014
Guangdong Manufacturing PMI (2014/11)
Guangdong Manufacturing PMI dropped 0.5 percentage point to 50.2 in November 2014, reflecting further decrease in the indexes of new orders and raw materials inventories. While the index of output remained flat, the indexes of employment and suppliers deliveries recorded slight increase.
Note: The Guangdong manufacturing PMI is a composite index based on the diffusion indexes for the five major components: output, new orders, raw material inventories, employment, supplier delivery times. A PMI reading above 50 indicates that the manufacturing economy is generally expanding; below 50 indicates that it is generally declining.