1 Dec 2016
Guangdong Manufacturing PMI (2016/11)
Guangdong Manufacturing PMI went up further by 0.8 percentage point to 52.0 in November, the highest level since April 2012. Four out of the five subindexes, including output, new orders, raw material inventories and supplier deliveries stayed above the 50-mark, indicating Guangdong’s manufacturing companies in general are holding a more positive outlook for both the domestic and overseas market.
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.