1 Aug 2016
Guangdong Manufacturing PMI (2016/07)
Guangdong Manufacturing PMI in July was unchanged from June at 50.2. Though this was already the fifth month the PMI stayed above the 50-mark, confidence in the market remained weak. While the indexes of output and raw material inventories rose in July, the indexes of new orders and suppliers deliveries unchanged, and the index of employment fell.
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