1 Sept 2015
Guangdong Manufacturing PMI (2015/08)
Guangdong Manufacturing PMI fell 0.3 percentage point to 50.3 in August. Though the reading stayed in the positive zone, the index had been trending down for three consecutive months toward the watershed of 50. The indexes of output and new orders declined in August, but both remained above the 50-mark. Meanwhile, the indexes of raw material inventories, employment and supplier deliveries were moving in the contraction zone.
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.