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Asia’s Factories Recover in October With India Leading Gains (2)

Nov. 2, 2020, 5:12 AM

Asia’s factories pushed ahead in October as managers remained upbeat about recovery prospects and local virus outbreaks become less severe, manufacturing gauges show.

India’s purchasing managers index rose to 58.9 last month, its highest since May 2010, from 56.8 in September, while South Korea advanced to 51.2 from 49.8, and Taiwan stayed particularly strong at 55.1 in October after the previous month’s 55.2, according to IHS Markit figures released Monday. Thailand also moved above 50, the dividing line between expansion and contraction, while Japan improved to 48.7 from 47.7.

Vietnam and Malaysia retreated, though the former stayed in expansionary territory....

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