1 Feb 2016
Guangdong Manufacturing PMI (2016/01)
Guangdong Manufacturing PMI stayed below the 50-mark for the fifth consecutive month in January 2016 at 48.8, but was up 0.4 percentage point from the previous month. The indexes of output and new orders dropped slightly from the previous month, while the indexes of raw material inventories, employment and supplier deliveries went up in the month.
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.