1 Feb 2018
Guangdong Manufacturing PMI (2018/01)
Guangdong Manufacturing PMI went up by 1.2 percentage points to 53 in January 2018. The index has remained in the expansionary zone for 23 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. Both the new orders sub-index and output sub-index moved upward, reflecting optimistic prospects in both production and sales in the near term. The employment sub-index climbed to 52.1, the highest level in the last 32 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.