ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei PMI

Machinery and equipment is worst-performer in April Asia sector PMI

TOKYO -- The majority of monitored sectors across Asia registered growth during the month of April, with industries like software and services as well as pharmaceutical and biotechnology recording sharp rise in growth, while machinery and equipment was the worst-performer.

The Nikkei Asia Sector Purchasing Managers' Index, or PMI, showed that out of the 19 monitored sectors, 4 registered contraction in April. Machinery and equipment had the biggest contraction at 46.2, registering below the 50 mark. It was the strongest decline in production for six and a half years.

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

Meanwhile, software and services sector registered a sharp and accelerated rise in output that was the strongest in over nine years. Pharmaceuticals and biotechnology followed with an expansion of 55.1.

In other industries, automobiles and auto parts production recorded renewed increase, ending a six-month downturn. Metals and mining, which has recorded falling output since last October, returned to growth in April.

(Nikkei)

For more information, visit IHS Markit website.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more