The November manufacturing sector PMIs in India, Taiwan, and Korea, which were published today, all climbed relative to October. Strong intra-regional trade and the pick-up in domestic demand are offsetting the weakness in the West, and growth in the manufacturing sector should gain more traction in coming months. Australia’s manufacturing PMI for November was released today too and stayed poor. Compared to emerging Asia, the story here is very different. Manufacturing is being held back by the high level of interest rates, the strong Aussie dollar, and private sector balance sheet rebuilding.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services