1 April 2016
Guangdong Manufacturing PMI (2016/03)
Guangdong Manufacturing PMI rebounded by 2 percentage points to 50.2 in March 2016. The indexes of output, new orders, raw materials inventories and employment rose above the 50-mark in the month, indicating that Guangdong’s manufacturing enterprises have resumed normal operation after the Chinese New Year. Meanwhile, the index of 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.