Philippines: The Philippines’ manufacturing industry continued to grow in July, albeit at a slower pace. The manufacturing purchasing managers’ index (PMI) decreased from 53.9 in June to 52.8 in July, according to a report by Nikkei and IHS Markit.
Taiwan: The manufacturing purchasing managers’ index (PMI) rose for the 16th consecutive month in the country to reach 57.6 in June this year, according to the Chung-Hua Institution for Economic Research (CIER).
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.