1 March 2017
Guangdong Manufacturing PMI (2017/02)
Guangdong Manufacturing PMI eased by 0.4 percentage point, but remained above the 50-mark to stay at 51.4 in February. The indexes of output, new orders, employment and supplier deliveries also stayed above the 50-mark, indicating Guangdong’s manufacturing sector had resumed operation swiftly after the Chinese New Year holiday. The PMI index has stayed in the expansionary zone for 12 consecutive months since March 2016, suggesting a steady growth in Guangdong’s manufacturing activity and look set to expand further.
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.