Asia: Uplift in November PMIs - Westpac
PMIs lifted across Asia in November, with Japan making cyclical highs back to 2014, India continuing its rebound from the mid-year GST disruption, and Indonesia edging up, points out Simon Murray, Research Analyst at Westpac.
“Recent Q3 GDP outcomes indicated solid growth in these Asian economies. The PMIs suggest this momentum should continue through Q4. The uplift hallmarks positive sentiment and is a good sign for the upcoming summer tourism season in Australia. For Indonesia and India, the expansion’s resilience highlights their long-term economic potential.”