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Economy

Asian manufacturing logs slow growth in October

Nikkei PMI shows higher costs pinching output across the region

Manufacturers experienced rising global commodity prices in October.   © Reuters

HONG KONG Asian manufacturing registered continued growth in October, mostly, with just two of the 12 economies surveyed by The Nikkei seeing a contraction. However, the pace eased as producers felt the pinch of rising costs.

The Nikkei ASEAN Manufacturing Purchasing Managers' Index edged up to 50.4 in October, up 0.1 point on the month. A measure above 50 indicates expansion, while anything below signifies contraction.

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