2 May 2018
Guangdong Manufacturing PMI (2018/04)
Guangdong Manufacturing PMI went down slightly to 52.2 in April 2018 from 53.4 in March. The index has remained in the expansionary zone for 26 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. However, the sub-indices for new orders and new export orders dropped by 3.7 and 2.8 respectively in April. The sub-indices for major industry sectors were still 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.