2 Oct 2015
Guangdong Manufacturing PMI (2015/09)
Guangdong Manufacturing PMI dropped below the 50-mark to 49.7 in September. The indexes of raw material inventories and employment fell by 0.9 and 3.7 percentage points respectively in the month, indicating that the market condition faced by Guangdong’s manufacturing companies remained tough. Hopefully, situation in the fourth quarter would be less volatile as the indexes of output and new orders rebounded each by 0.2 percentage point in September.
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.