1 Dec 2015
Guangdong Manufacturing PMI (2015/11)
Guangdong Manufacturing PMI stayed below the 50-mark for the third consecutive month in November at 48.6, but went up 0.3 percentage points from October. The indexes of output, raw material inventories and supplier deliveries improved and the index of new orders stayed unchanged, but the index of employment continued to drop.
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.