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July manufacturing PMI up in Malaysia, hits 6-month high in India

by ChemOrbis Editorial Team -
  • 04/08/2015 (10:41)
According to data compiled by the Nikkei and Markit Economics, a gauge of Malaysia’s manufacturing activity slightly increased to a reading of 47.7 in July from June’s reading of 47.6. However, the latest data showed that new orders posted a sharp decline due to weak domestic demand as new export orders rose for the sixth consecutive month in July. Any reading below 50 indicates contraction in manufacturing activities.

In India, meanwhile, the Nikkei Purchasing Managers’ Index (PMI) posted the strongest reading in six months in July. The country’s manufacturing PMI compiled by Markit and the Nikkei increased to a reading of 52.7 in July from 51.3 in the previous month. Any reading above 50 indicates expansion. The increase was attributed to higher new orders, which grew at a faster pace in July owing to stronger domestic and foreign demand. New export orders also expanded at the fastest rate in five months in July.
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