{"id":247,"date":"2020-10-07T13:44:55","date_gmt":"2020-10-07T13:44:55","guid":{"rendered":"https:\/\/www.shimico.com\/blog\/?p=247"},"modified":"2023-04-11T10:05:20","modified_gmt":"2023-04-11T10:05:20","slug":"september-manufacturing-trends-in-asia","status":"publish","type":"post","link":"https:\/\/www.shimico.com\/blog\/news\/market-news\/september-manufacturing-trends-in-asia\/","title":{"rendered":"Analysis of September manufacturing trends in Asia"},"content":{"rendered":"

Asia’s manufacturing economy became better in September as manufacturers continued to produce as the Corona virus decreased, but weak foreign demand could still affect the region’s export-oriented economies. In this article of\u00a0 ICIS analysis of September manufacturing trends in Asia is described.<\/p>\n

Asia’s manufacturing bellwether China reported that its official Purchasing Managers’ Index (PMI) rose stronger than expected Increased by 0.5 in September compared to August, largely based on its sub-indices.<\/p>\n

Japan’s Nomura Global Markets Research said in a note: Sub-indices of production and raw materials rose from 53.5 and 47.3 in August to 54.0 and 48.5 in September, respectively.<\/p>\n

China\u2019s new sub-index of export orders rose to 50.8 in September from 49.1 in August, supporting a positive outlook for China’s export sector.<\/p>\n

Separately, Caixin’s manufacturing PMI, which tracks most SMEs and export-oriented firms in the eastern coastal regions, remained at 53.0 in September, despite adjusting from 53.1 in August.<\/p>\n

As Nomura said: “Because of the uncertainty in relationship between the United States and China, caused by the Covid-19, we expect China’s official manufacturing PMI to remain around 51.0 in the short term, while the official non-manufacturing PMI may be a little softer.”<\/p>\n

“Beijing is likely to continue its wait-and-see approach until the end of this year with no further reduction or tightening,” it said.<\/p>\n

Wang Zhe, chief economist at China’s Caixin Insight Group, said the power of the manufacturing sector would remove some of the pressures on policymakers.<\/p>\n

September data in Japan, showed that Japan’s manufacturing sector has taken another step towards stabilization, while au Jibun’s PMI rose to 47.7 from 47.3 in August.<\/p>\n

According to this bank, new orders have fallen to their lowest level since January, showing a reversal of a sharp downturn in the early stages of the pandemic.<\/p>\n

In South Korea, production conditions improved significantly in September, with IHS Markit manufacturing PMI rising to its highest reading since January at 49.8 from 48.5 in August.<\/p>\n

In India, the manufacturing industry improved further amid reports of declining coronavirus restrictions and higher demand.<\/p>\n

IHS Markit India for PMI in September reached its highest level in the last eight and a half years with 56.8, compared to 52.0 in August!<\/p>\n

IHS Markit said that India’s exports returned in September after six consecutive months of contraction, with producers increasing their purchasing activity in line with higher production needs.<\/p>\n

In Southeast Asia, production conditions remained challenging amid tight lockdown measures that led to a further drop in factory output and a further drop in total new orders.<\/p>\n

The manufacturing PMIs for Indonesia, Thailand, Malaysia and Singapore were all under 50 in September. You can see the manufacturing trends in Asia in September in the picture below:<\/p>\n

\"Asia

Asia manufacturing PMIs<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Asia’s manufacturing economy became better in September as manufacturers continued to produce as the Corona Read More …<\/p>\n","protected":false},"author":7,"featured_media":272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[117,115,118,77],"class_list":["post-247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news","category-news","tag-chemical-manufacturing","tag-manufacturing","tag-raw-material","tag-text"],"_links":{"self":[{"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":0,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/media\/272"}],"wp:attachment":[{"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shimico.com\/blog\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}