2 Nov 2015
Guangdong Manufacturing PMI (2015/10)
Guangdong Manufacturing PMI dropped 1.4 percentage points to 48.3 in October. All the five components, indexes of output, new orders, raw material inventories, employment and supplier deliveries fell below the 50-mark in the month. Manufacturers had less incentive to buy raw materials and hire workers in view of the decreasing new orders and production situation.
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.