3 April 2018
Guangdong Manufacturing PMI (2018/03)
Guangdong Manufacturing PMI went up to 53.4 in March 2018 from 51.8 in February. The index has remained in the expansionary zone for 25 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. The sub-indices for major industry sectors were all in the expansionary zone, including electronics, machinery, food & beverages, textiles and garments, automobiles, etc.
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.