1 April 2015
Guangdong Manufacturing PMI (2015/03)
Guangdong Manufacturing PMI rebounded to 51.0 in March 2015. All indexes (output, new orders, raw material inventories and employment) rose above the 50-point level except supplier deliveries. Recovery in the raw material inventories and employment indexes, which had stayed below the 50-point level for quite some time, indicated an improvement in confidence. This in part was a result of the government’s measures to lower interest rates and tax for small enterprises, said Professor Chen Hongyu, an economic adviser to the provincial government.
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.