1 Sept 2017
Guangdong Manufacturing PMI (2017/08)
Guangdong Manufacturing PMI dropped 1.2 percentage points to 50.9 in August on account of falls in the indexes of output and new orders. Steady progress is seen in Guangdong’s manufacturing sector as the PMI index has stayed at the expansion zone for 18 consecutive months. However, fluctuation of the indexes of raw material inventories, employment and supplier deliveries around the 50-mark suggested that some manufacturers remain conservative in market outlook, they are careful in raising procurement and employment.
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.