News Headlines

Asian factories show mixed performance as coronavirus pandemic’s pain lingers

TOKYO: Manufacturing in China and Japan suffered in January, while South Korea and Taiwan saw improvement amid a resurgence in coronavirus infections, underscoring the fragile nature of the region’s economic recovery. Factory activity rose in major chip exporters South Korea and Taiwan, as they benefited from continued brisk demand for semiconductors crucial to work-from-home IT […]

News Headlines

South Korea’s PMI hits decade high as export demand surges

SEOUL: South Korea’s factory activity rose at its fastest pace in a decade in January, a business survey showed on Monday, as soaring exports drove the recovery in the manufacturing-heavy economy. The IHS Markit purchasing managers’ index (PMI) rose to 53.2 in January from 52.9 in December, the highest reading since February 2011. The 50-mark […]

Budget 2020

Services PMI signals rise in activity for a second month

The recovery in the Indian services sector was sustained in November as new work orders supported business activity growth and the first rise in employment in nine months, a monthly survey showed on Thursday. The seasonally adjusted India Services Business Activity Index posted above the critical 50 mark that separates growth from contraction for the […]

Budget 2020

Oct. services sector PMI signals first expansion since February

Indian services sector activity ended the seven-month sequence of decline and registered growth in October, supported by improved market conditions amid easing COVID-19 restrictions, a monthly survey said on Wednesday. At 54.1 in October, up from 49.8 in September, the seasonally adjusted India Services Business Activity Index posted above the 50.0 no-change mark for the […]