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Guangdong Manufacturing PMI (2017/01)

Guangdong Manufacturing PMI eased by 0.4 percentage point to 51.8 in January. The index, nonetheless, has stayed above the 50-mark for 11 consecutive months since March 2016, indicating a steady growth trend in Guangdong’s manufacturing sector. The indexes of output, new orders and raw material inventories stayed above the 50-mark before the Chinese New Year, and the employment index also improved.

Chart: 2011.04-2017.01 Guangdong Manufacturing PMI
Chart: 2011.04-2017.01 Guangdong Manufacturing PMI
Chart: PMI indexes from 2016.01 to 2017.01
Chart: PMI indexes from 2016.01 to 2017.01
Table: PMI indexes from 2016.01 to 2017.01
Table: PMI indexes from 2016.01 to 2017.01

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.

Source: The Economic & Information Commission of Guangdong Province

 

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