2 Oct 2018
Guangdong Manufacturing PMI (2018/09)
Guangdong Manufacturing PMI moved back to the expansionary zone and stood at 50.2 in September 2018, up by 0.9 from August 2018. The sub-index for new orders went up by 1.9 to 50.6 and the sub-index for new export orders also moved back to the expansionary zone at 50.6 from 49.7 in August, after three consecutive months to stay below 50. The sub-indices for major industry sectors that were still in the contractionary zone included machinery and equipment, garments and paper manufacturing.
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.
The National Bureau of Statistics announced in late October 2018 that PMI is now handled by the Bureau. As such, the Economic & Information Commission of Guangdong Province will no longer release Guangdong PMI figures starting from November 2018.