3 April 2017
Guangdong Manufacturing PMI (2017/03)
Guangdong Manufacturing PMI rose 0.2 percentage point to 51.6 in March. For the first time since May 2012, indexes of all five components including output, new orders, raw material inventories, employment and supplier deliveries stayed above the 50-mark, indicating a steady growth in Guangdong’s manufacturing sector and a generally optimistic outlook among industry players.
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.