Caixin China manufacturing PMI for August is 51.6, topping expectations

AFP  Getty Images

AFP Getty Images

The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, rose slightly to 49.3 in August from 49.1 in July, the NAR reported.

That's up from 51.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

United Kingdom manufacturing activity surged in August, according to data released by IHS Markit Friday, with sentiment among businesses across the industry hitting a three year peak during the recent month.

United Kingdom manufacturing activity surprised to the upside in August as business confidence picked up.

A Chinese manufacturing index expanded to its highest in six months in August, a private survey showed Friday.

Although August's mark is still above 50, "the decline in the PMI shows signs of a renewed stuttering of the manufacturing economy", said Chris Williamson, IHS Markit chief business economist. Conversely, output charge inflation eased during August.

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The rate of growth was little changed from July's five-month high.

India's economic growth slipped to a three-year low of 5.7 per cent in April-June as disruptions caused by demonetisation spilled over to the third straight quarter amid slowdown in manufacturing activities.

"Alongside the weight of good news, the recent lift in the value of the Australian dollar is dampening the outlook for sales growth both in export and the domestic markets".

But, "we doubt that the current pace of industrial output growth can be sustained for long", he said, noting that "tighter policy will continue to weigh on investment spending in the coming quarters".

Business optimism rose to a three-month high.

The Brexit-hit pound was pinpointed as key factor in attracting foreign buyers to British products, with firms seeing new export work from mainland Europe, USA, China and Australia. At the same time, manufacturers' selling prices rose at a solid, yet slower, pace.

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