Nikkei Asia Sector PMI : Strong Growth In Autos Output In September 2018
The latest Asia Sector PMI™ data, compiled by IHS Markit and sponsored by Nikkei, indicated higher levels of business activity across most sectors in September. The strongest growth was registered in the automobiles & parts sector, where output rose at the fastest rate since November 2017. Moreover, it was the second-sharpest increase in over four and-a-half years.
Construction materials ranked second in the output growth table in September, with the secondfastest rate of expansion for a year-and-a-half. Completing the top three Asian sectors was commercial & professional services, where growth accelerated to a four-month high.
At the other end of the sector league table, five categories registered declining activity in September. The strongest rate of contraction was posted in healthcare services, which saw the fastest reduction in business activity since June 2015. Chemicals output declined for the first time in 16 months, in a marked reversal from August’s sharp expansion. Finally, marginal reductions were registered in real estate, forestry & paper products and technology equipment.
Nikkei Asia Sector PMITM data are derived from surveys of over 6,700 companies operating in 13 economies, including China, Japan, India, South Korea, Indonesia, Taiwan, Malaysia, Hong Kong, Singapore, Vietnam, Myanmar, Thailand and the Philippines.