Asia’s Factories Show Mixed Recovery as Japan, India Gain

Asia’s factories showed more fitful progress in September, with India seeing a jump in sentiment and Japan making a slow and steady recovery, manufacturing gauges show.

Japan’s purchasing managers index rose to 47.7, its highest since February, from 47.2, while Vietnam improved to the best in more than a year, according to IHS Markit figures released Thursday. India’s gauge jumped to 56.8, its highest in more than eight years, as it continues a rebound from a record-low of 27.4 in April.