BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Manufacturing PMI: In country of blind, one-eyed man is king
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Industry > Manufacturing PMI: In country of blind, one-eyed man is king
Industry

Manufacturing PMI: In country of blind, one-eyed man is king

deep
Last updated: 2015/12/24 at 11:41 AM
deep Published December 24, 2015
Share
2 Min Read
SHARE

Weak demand is weighing on manufacturing and production activity in most of the Asian countries. Photo: Bloomberg

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) has dropped to over a two-year low in November at 50.3. Although soft demand is weighing on India’s manufacturing activity, the PMI data shows its manufacturing sector is doing far better than other countries in Emerging Asia (see chart).

Weak demand is weighing on manufacturing and production activity in most of the Asian countries.

China’s Caixin General Manufacturing PMI improved marginally to 48.6 in November, but was still below the 50 mark due to soft client demand. A reading above 50 indicates expansion, while one below 50 denotes contraction.

Click here for enlarge

Indonesia’s manufacturing activity slipped to a seven-month low of 46.9 due to further deterioration in operating conditions as demand declined at the sharpest rate in the history of the series and job cuts continued.

Malaysia’s manufacturing PMI slipped to 47, a record low since the survey began in July 2012, as both production and new orders declined at a fast pace.

Vietnam’s manufacturing PMI dipped below the 50 level to 49.4 in November as new orders and employment fell marginally. Taiwan and South Korea’s manufacturing PMI also slipped to 49.5 and 49.1, respectively, in November due to marginal deterioration in business conditions.

Japan was the only country in Asia, besides India, where manufacturing activity expanded; but then, the recovery in developed countries has in general been more robust than in emerging markets.

India’s outperformance raises the question: will the Indian market continue to do better than other emerging markets?

[“source -financialexpress”]

You Might Also Like

FedEx Office Expands Same Day Delivery to 1,800 American Cities

What is Visme and How Do I Use It for Business?

Link Building Lessons from the Real Estate Industry

Shamita Shetty: None of my best friends are from the film industry

Google Web Designer HTML5 Tool is Updated

TAGGED: Manufacturing PMI: In country of blind, one-eyed man is king
deep December 24, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Shipping indices, trade and what’s in store for India
Next Article India business confidence at lowest since Feb 2014: MNI Indicators

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • payday loans that work with chime bank
  • bmo harris express loan payment
  • find a loan shark on craigslist

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • payday loans that work with chime bank
  • bmo harris express loan payment
  • find a loan shark on craigslist

Recent Posts

  • Demystifying Down Payments: Understanding Construction Loan Requirements
  • Surviving the $100k Student Loan: Monthly Payment Strategies and Financial Planning

© 2023 BusinessLogr News Network.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?