2 May 2017
Guangdong Manufacturing PMI (2017/04)
Guangdong Manufacturing PMI declined 0.4 percentage point to 51.2 in April. Indexes of all three components including output, new orders, and raw material inventories recorded a decline while employment and supplier deliveries continued to move up. With the PMI remained in the expansionary territory, indicating a steady growth in Guangdong’s manufacturing.
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.