Manufacturing Activity Expands Across Asia

The Purchasing Managers' Index of select Asian economies show that manufacturing activity across the region is expanding, reports The Wall Street Journal.

 

The newspaper says that China's PMI, issued last week by the China Federation of Logistics and Purchasing, climbed to 55.2 in October from 54.3 in September, the eighth straight month above 50.

 

Manufacturing activity also rose in India but the pace lagged behind the previous month's growth. HSBC's India PMI was 54.5 in October, marginally lower than 55 in September.

 

Over in Taiwan, the HSBC Taiwan PMI rose to 59.8 in October from 57.5 in September, marking an eighth month of expansion as companies increased production to meet growing orders, says the Journal.

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