Economics
Asia Manufacturing Activity Holds Up Even as China PMIs Cool
- Taiwan’s PMI reading at its highest level since April 2010
- South Korea records its strongest PMI reading since 2011
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Factory activity across much of Asia continued to hold up in January even as China’s output showed signs of moderating.
Taiwan’s IHS Markit January manufacturing purchasing mangers’ index rose to 60.2 from 59.4 in December, its highest reading since April 2010. South Korea’s rose to 53.2 from 52.9, the most since February 2011. Both were well above the 50 level that separates contraction from expansion.