4 May 2015
Guangdong Manufacturing PMI (2015/04)
Guangdong Manufacturing PMI improved slightly to 51.1 in April. Manufacturers remained positive in their market outlook as indicated by increases in the raw material inventories and employment indexes. The output and new orders indexes dropped, but stayed above the 50-point level. Meanwhile the supplier deliveries index remained unchanged.
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.