3 Oct 2016
Guangdong Manufacturing PMI (2016/09)
Guangdong Manufacturing PMI went up by 0.8 percentage point to 50.9 in September. The indexes of output, new orders, raw material inventories and employment all rose from the previous month, while the index of supplier deliveries stayed unchanged. The PMI as well as the indexes of output and new orders have stayed above the 50-mark for seven consecutive months since March, indicating Guangdong’s manufacturing sector has stabilised and improved steadily.
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.