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Nikkei PMI

Chemicals top growth rankings in August Asia sector PMI

TOKYO -- Chemicals topped the August list of output growth across 19 sectors in Asia, marking the sharpest increase since December 2010, according to a survey.

The Nikkei Asia Sector Purchasing Managers' Index, or PMI, showed that 13 out of the 19 monitored sectors registered expansion in August. Chemicals registered the highest rate of growth at 57.5, up from 54.7 in July, followed by households & personal use products and consumer services.

Readings above 50 signal expansion, while those below 50 indicate contraction.

Meanwhile, real estate companies experienced fall in activity for the first time in six months.

(Nikkei)

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