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Last week’s highlights
China manufacturing sector continues to rise
Manufacturing activity in China showed a strong increase in September after the economy ended lockdown measures a few months ago. This was according to the data from IHS Markit.
However, the regional Caixin manufacturing PMI saw a slower pace as the index fell to 53 in September from 53.1 in August. But the official data showed an increase to 51.5, up from 50 in August.
New orders rose the most since 201, largely due to external demand. The export business also grew at the fastest pace since August 2017.
Japan’s quarterly Tankan surveys improve
Manufacturing sector sentiment in Japan showed the first improvement in three years, data from the Bank of Japan showed last week.
The headline Tankan survey tracking large manufacturers came in at -27, improving by seven points from the previous month.
Manufacturing sentiment rose from an 11-year low in the second quarter. Meanwhile, sentiment among non-manufacturers rose...
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