3 Oct 2017
Guangdong Manufacturing PMI (2017/09)
Guangdong Manufacturing PMI rose by 1.9 percentage points to 52.8 in September. Four out of five indexes, including output, new orders, raw material inventories and employment also recorded significant increases in the month. Though the performance in September was largely a result of the needs to catch up production after the disruption in August due to typhoons and before the National Day as well as Mid-Autumn Festival holidays, the underlying trend of steady progress at the expansion zone of the manufacturing sector has continued for 19 consecutive months.
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.