1 Aug 2018
Guangdong Manufacturing PMI (2018/07)
Guangdong Manufacturing PMI dropped slightly to 50.2 in July 2018 from 50.6 in June. The index has remained in the expansionary zone for 29 consecutive months. However, the sub-index for new orders dropped by 1.8 to 50.4. The sub-index for new export orders improved marginally to 49.9 from 48.4 but was still in the contractionary zone. 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.