2 Jan 2018
Guangdong Manufacturing PMI (2017/12)
Guangdong Manufacturing PMI went down by 2 percentage points to 51.8 in December 2017. Among the new order sub-index, new export order dropped by 4 percentage points to 50.1, reflecting a less optimistic export prospects in the near term. The PMI index has basically remained in the range of 51 to 52 throughout 2017, except November, indicating the manufacturing activities of Guangdong has been growing steadily.
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.