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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.

Chart: 201104-201503 Guangdong Manufacturing PMI Composite Index
Chart: 201104-201503 Guangdong Manufacturing PMI Composite Index
Chart: PMI indexes from 201403 to 201503
Chart: PMI indexes from 201403 to 201503
Table: PMI indexes from 201403 to 201503
Table: PMI indexes from 201403 to 201503

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.

 

Source: The Economic & Information Commission of Guangdong Province

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