3 Jan 2017
Guangdong Manufacturing PMI (2016/12)
Guangdong Manufacturing PMI went up further by 0.2 percentage point to 52.2 in December, which has been the tenth consecutive month that the index has stayed above the 50-mark since March. Guangdong’s manufacturing companies in general are holding a more positive outlook, both production and sourcing activities have gathered pace. Four out of the five subindexes, including output, new orders, raw material inventories and supplier deliveries stayed above the 50-mark.
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.