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Economy

ASEAN manufacturing PMI inches up to 50.8 in November

TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, edged up to 50.8 in November from October's 50.4.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

"The ASEAN manufacturing economy looks set to finish the final quarter of 2017 with one of its strongest quarterly performances for over three years," said Bernard Aw, Principal Economist at IHS Markit, which compiles the survey.

"The manufacturing upturn, however, was marred by signs of building inflationary pressures across the region. Rising global prices for raw materials may have benefited commodity-producing countries within ASEAN, but it also meant that firms faced higher input prices," Aw added.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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