3 July 2017
Guangdong Manufacturing PMI (2017/06)
Guangdong Manufacturing PMI rose by 0.1 percentage point to 51.0 in June. Indexes of output, new orders, raw material inventories and employment all stayed above the 50-mark, indicating rising confidence in Guangdong’s manufacturing sector and partly reflected the hot sales season in summer. Nonetheless, uncertainties remained as the index of supplier delivery recorded a rather significant drop in the month.
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.