1 Sept 2016
Guangdong Manufacturing PMI (2016/08)
Guangdong Manufacturing PMI in August went down slightly by 0.1 percentage point to 50.1. This is largely a result of decline in the indexes of raw material inventories, employment and supplier deliveries. Indeed performance of Guangdong manufacturing sector has stabilised and improved steadily as the indexes of output and new orders increased rather significantly 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.