Return of Asian Growth: Manufacturing PMIs in China and Japan Rose in August

China’s official manufacturing PMI rose to 51 in August from 50.3 in July, taking it to the highest level since April 2012.

 

"The strength in new orders bodes well for the future," says ABN Amro in its Global Daily Insight. "The Chinese economy is regaining its footing, helped by strong western demand."

 

Meanwhile, news from Japan also provided a more positive tone on Asia’s economic activity.

 

Japan's industrial production rose by 3.2% in July, more than undoing the 3.1% drop the month before, while firms expected further gains in August and September. This also explains why the manufacturing PMI rose from 50.7 to 52.2 in August. Meanwhile, the unemployment rate dropped from 3.9% to 3.8% in July, whilethe job-to-applicant ratio remained on an upward trend.

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern