Emerging economies: Manufacturing PMIs mixed

By Prieur du Plessis, on August 3rd, 2010 posted in: Economy, Emerging markets

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Although the Markit Manufacturing PMIs for emerging economies generally point to growth slowing in the manufacturing industries in the respective countries, these economies are still in expansion mode. The manufacturing industry in India remains elevated, though, while Taiwan has slowed significantly. Manufacturing output in South Africa continues to contract, albeit at a slower pace.

Country	Manufacturing PMI
Country	July 2010	June 2010	Trend
Brazil	51.8	52.7	Softer, 11-month low, expanding
Czech Republic	56.8	N/A	Eased, expanding
Poland	52.1	53.3	Softer, expanding
Turkey	52.8	53.2	Softer, expanding
India	57.6	57.3	Higher, expanding
Russia	52.7	52.6	Steady, expanding
Taiwan	50.5	53.8	Slowed, expansion stalled
South Africa	49.5	48.4	Improved, contracting

Sources: Markit; Kagiso.
N/A = not available

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