4 July 2016
Guangdong Manufacturing PMI (2016/06)
Guangdong Manufacturing PMI fell 0.5 percentage point in June 2016, but stayed above the 50-mark at 50.2. The indexes of output, new orders, raw material inventories and employment all declined in the month, only the index of supplier deliveries was unchanged. This indicated that expansion of the Guangdong manufacturing sector had slowed and confidence in the market was weak.
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.
Source: The Economic & Information Commission of Guangdong Province