1 Nov 2017
Guangdong Manufacturing PMI (2017/10)
Guangdong Manufacturing PMI dropped 0.8 percentage point to 52.0 in October. Though all five indexes adjusted downward in the month, output, new orders and raw material inventories remained in the expansionary zone. This suggested the underlying trend of steady progress of the manufacturing sector is firm, with the PMI staying above the 50-mark for 20 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.