1 Dec 2017
Guangdong Manufacturing PMI (2017/11)
Guangdong Manufacturing PMI went up by 1.8 percentage points to 53.8 in November. The output sub-index went up strongly by 5.0 percentage points to 58.0, a record high level. Among the new order sub-index, new export order went up by 3.1 percentage points to 54.1, reflecting a favorable export prospects. This suggested the underlying trend of steady progress of the manufacturing sector is firm, with the PMI staying above the 50-mark for 21 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.