4 Jan 2016
Guangdong Manufacturing PMI (2015/12)
Guangdong Manufacturing PMI stayed below the 50-mark for the fourth consecutive month in December at 48.4. Though the PMI index went down 0.2 percentage point in the month, the indexes of output and new orders rose by 1.3 and 2.1 percentage points respectively, suggesting a slight improvement in demand. The indexes of raw material inventories, employment and supplier deliveries continued to drop in December.
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.