1 Nov 2016
Guangdong Manufacturing PMI (2016/10)
Guangdong Manufacturing PMI went up further by 0.3 percentage point to 51.2 in October. The indexes of raw material inventories, employment and supplier deliveries increased. Though the indexes of output and new orders dropped from the previous month, they and the PMI have stayed above the 50-mark for eight 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.