3 July 2018
Guangdong Manufacturing PMI (2018/06)
Guangdong Manufacturing PMI went up slightly to 50.6 in June 2018 from 50.3 in May. The index has remained in the expansionary zone for 28 consecutive months, indicating the manufacturing activities of Guangdong have been growing steadily. However, the sub-index for new export orders dropped by 2.4 to 48.4, the lowest level since February 2017. The sub-indices for major industry sectors that were still in the expansionary zone included electronics, food & beverages, automobile and pharmaceutical.
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.