1 June 2017
Guangdong Manufacturing PMI (2017/05)
Guangdong Manufacturing PMI declined further by 0.3 percentage point to 50.9 in May, while indexes of output and new orders rebounded. Nonetheless, indexes of all other three components dropped below the 50-mark, indicating rising uncertainties 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.