1 March 2018
Guangdong Manufacturing PMI (2018/02)
Guangdong Manufacturing PMI went down to 51.8 in February 2018 from 53 in January, mainly due to the Chinese New Year seasonal factor. The index has remained in the expansionary zone for 24 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. The new export order sub-index stood at 52.2, within the expansionary zone, reflecting an optimistic export prospects in the near term.
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.