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Nikkei PMI

Asia’s manufacturing PMIs show clear sign of slowing global economy

Factory output contracts in most markets, clouding regional growth prospect

SINGAPORE -- Manufacturing activities contracted in most Asian economies in January due to slowing global demand, with the Nikkei Purchasing Managers’ Index for ASEAN, Taiwan and Japan hitting the lowest in over a year.

The monthly Nikkei PMI survey asks companies in major Asian countries and regions, excluding China, about changes in output, orders and other business conditions compared with a month earlier. A PMI reading below 50 indicates contraction, while one above 50 points to expansion.

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