1 June 2018
Guangdong Manufacturing PMI (2018/05)
Guangdong Manufacturing PMI went down slightly to 50.3 in May 2018 from 52.2 in April. The index has remained in the expansionary zone for 27 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. However, the sub-indices for new orders and new export orders have continued to drop for two consecutive months. The sub-index for new export orders stood at 50.8 in May, down 1.1 from April. The sub-indices for major industry sectors that were still in the expansionary zone included electronics, machinery and food & beverages.
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.