Indonesia: May’s reading for the Nikkei Indonesia Purchasing Managers’ Index (PMI) dropped to 50.6 in May from a reading of 51.2 in April. However, the reading remains comfortably above the line of 50.0 that separates expansion from contraction.
Singapore: The Purchasing Managers’ Index (PMI) for Singapore dropped 0.3 points in May to a slower expansion rate of 50.8, according to the Singapore Institute Of Purchasing And Materials Management.
Indonesia: The Nikkei Indonesia Manufacturing Purchasing Managers’ Index (PMI) reading grew to 50.4 in January. This was an expansion from 49.0 in December 2016, ending Indonesia’s three-month contraction streak for the manufacturing sector.
Singapore: December’s reading of the Singapore Purchasing Manager’s Index (PMI) saw an increase of 0.4 points from the previous month to 50.6, according to the Singapore Institute of Purchasing and Materials Management (SIPMM).
Singapore: November’s reading of the Singapore Purchasing Managers’ Index (PMI) was a slight increase of 0.2 points from October to expand at 50.2, a third consecutive month of mariginal expansion, according to the Singapore Institute of Purchasing and Materials Management (SIPMM).
India: Nikkei Markit’s India Manufacturing Purchasing Managers' Index (PMI) rose to 54.4 in October from 52.1 in September. This indicated an robust improvement in manufacturing business conditions in the country.
According to the PMI data released by Markit Economics, the manufacturing conditions in China continued to contract and dropped to its weakest level in three months, while that of Indonesia remained in expansion mode. Like China, Malaysia’s manufacturing conditions too, deteriorated further to a five month low.
News reports have indicated China's manufacturing activity contracted in March at its fastest rate in almost a year, HSBC had said earlier this month, with its purchasing managers index (PMI) suggesting worsening conditions in the country.
The preliminary reading for the key Chinese indicator came in at 49.2, the British bank said in a statement, below the break even point of 50 and the weakest reading since last April, when it hit 48.1, according to the bank's data.
It also slumped from a final reading of 50.7 in February, the figures showed. The index, compiled by information services provider Markit, tracks activity in China's factories and workshops and is regarded as a barometer of the health of the Asian economic giant.
The sluggish reading "signalled a slight deterioration in the health of China's manufacturing sector in March", said Markit economist Annabel Fiddes in the statement.
India: Indian goods producers ended 2014 in a higher gear, with business conditions improving at the quickest pace in two years in December. Accelerated growth of the manufacturing sector was reflected by faster expansions in output, new business and foreign orders.
Latest data also painted a brighter picture in terms of prices, as inflationary pressures eased during the month. Adjusted for seasonal factors, the HSBC India Purchasing Managers’ Index (PMI) climbed to a two-year high of 54.5 in December, up from 53.3 in the prior month.
Business conditions improved at a faster pace in all three market groups during the month, with the sharpest expansion seen in consumer goods.
Output in the Indian manufacturing sector rose in line with the headline index in December, with growth picking up to the quickest in two years. According to a number of survey participants, the latest rise in production was supported by stronger order books.
In this time, Indian manufacturing companies registered a further rise in new export business in December. New work from abroad expanded at the quickest pace since April 2011. Reflective of further growth of output and new orders, input buying among Indian goods producers increased in December. The rate of expansion accelerated to the most marked in the current 14-month sequence of growth. Subsequently, the pace of pre-production inventory building picked up to the sharpest in more than two years. Furthermore, stocks of finished goods held by Indian manufacturers rose at the fastest rate since the survey began in April 2005.
Finally, higher prices paid for metals, chemicals and electronics placed upward pressure on input prices in December. That said, the rate of cost inflation eased to the slowest in more than five-and-a-half years and was well below the long-run series average. Weaker cost pressures were mirrored by a relatively subdued rise in selling prices during the month.