Economy Is Surviving Europe’s

The Asian region witnessed a number of economic data where the Chinese data helped in supporting markets with better than expected manufacturing expansion. The data helped further in clearing the uncertainty yet still we can see that Asian economies are suffering the sluggish global growth and the downside pressure of the debt crisis. The Japanese industrial production rose more than analysts forecasted in December, where the manufacturers bolstered production to make up for disruptions caused by Thailand’s worst floods in 70 years. Industrial production rose 4.0% according to the preliminary December estimate that followed a drop of 2.7% the previous month and opposed expectations of -3.0%. Japanese manufacturers from Honda to Toyota Motor are very optimistic about global and domestic ...

China’s PMI manufacturing unexpectedly expanded in January, as the new orders increased, indicating that the world’s second–largest economy is surviving Europe’s debt crisis and a government-induced property slowdown at home. The Chinese economy released today the data for the purchasing managers’ manufacturing index in January, where it rose to 50.5 compared with the prior expansion of 50.3, exceeding expectations of 49.6, as a reading above 50 indicates an expansion. Additionally, the Chinese PMI manufacturing estimates by the HSBC in January slightly rose to 48.8 last month from 48.7 in December. The PMI manufacturing data may get the Premier Wen Jiabao’s attention to further easing policies to sustain the nation's growth even as the International Monetary Fund warns that the euro ...