Economic Activity Improved For 14 Of 19 Sectors In Asia (Nov 2016)

The Nikkei Purchasing Managers’ Index (PMI) measures economic activity (such as output, new orders, prices) and consequently employment growth/contraction.

A number above 50 points towards an economic expansion and below 50 points toward a contraction.

Here is a summary of the PMI numbers for countries in Asia, during November 2016. Numbers in brackets are for the previous month.

  • Singapore: 52.8 (50.5)
  • Hong Kong: 49.5 (48.2)
  • Japan: Services 51.8 (50.5), Manufacturing 51.3 (51.4)
  • India: Services 46.7 (54.5) , Manufacturing 52.3 (54.4)
  • Philippines: 56.3 (56.5)
  • Malaysia: 47.1 (47.2)
  • Indonesia: 49.7 (48.7)
  • Thailand: 48.2 (48.8)
  • Vietnam: 54.0 (51.7)

The PMI increased for 14 of the 19 sectors in Asia. Below are some of the sectors which showed the strongest growth and contraction.

  • General industrials: 57.0
  • Industrial services: 56.3
  • Commercial & professional services: 56.1
  • Real estate: 48.9
  • Healthcare services: 48.5
  • Insurance: 46.6

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