1 Feb 2017
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.
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.