Economics
North Asia’s Factories Gather Steam as China Output Picks Up
- South Korean, Chinese PMI gauges hit highest levels in years
- Picture is more mixed for economies across Southeast Asia
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Factory activity in some of North Asia’s biggest export-led economies rebounded in November as China’s recovery lifts the region, purchasing managers’ indexes show.
South Korea’s PMI rose to 52.9 last month, its highest reading since February 2011, from 51.2 in October, according to IHS Markit figures released Tuesday. Japan picked up to 49, the best reading since August 2019, from 48.7. Taiwan rose to 56.9, the highest since January 2018, from 55.1.