Chemicals sector tops growth rankings as per latest Asia Sector PMI data
DSIJ Intelligence / 07 Aug 2017
Chemicals climbed eight positions during July to reach the top of the rankings, according to the latest Asia Sector PMI data by IHS Markit.
Chemicals climbed eight positions during July to reach the top of the rankings, according to the latest Asia Sector PMI data by IHS Markit. Output growth in this segment was the sharpest in over six years, supported by a renewed increase in new business inflows.
Rises in activity was also noted in healthcare services, beverages & food and technology equipment.
The pace of expansion softened from June to the slowest since January, even though Commercial & professional services recorded a solid increase in activity . Subsequently, this sector fell from first place in the league table to fifth during July.
Metals & mining output increased for the first time since February.
Insurance sector registered the first drop in activity since November, albeit one that was only slight. Construction materials and machinery & equipment also dipped into contraction territory during July.
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