3 Aug 2015
Guangdong Manufacturing PMI (2015/07)
Guangdong Manufacturing PMI fell 0.7 percentage point to 50.6 in July. While index of raw material inventories increased, all indexes of output, new orders, employment and supplier deliveries decreased. This suggests that both export and domestic demand have remained weak.
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.