Asia PMIs: 5 out of 6 ain’t bad | beyondbrics

Asia PMIs: 5 out of 6 ain’t bad | beyondbrics:

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PMI scores | Source: HSBC / Markit

Asian manufacturers are more positive than any point since April, according to the latest Markit / HSBC PMI surveys.

The purchasing managers index for October for six Asian economies (China, India, Indonesia, South Korea, Taiwan and Vietnam) showed that five scored over the 50 mark that separates expansion from contraction, and with none showing a decline in sentiment. It’s a big improvement on just two months ago when only China was showing any postive signs.

Of the PMI surveys, Taiwan stood out as most improved, going from 52.0 to 53.0. After the poor GDP data out on Thursday, the strong PMI is further evidence of a stronger end to the year, as analysts suggested."

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