Factory output growth eased in India and China in December, but strengthened in South Korea and Taiwan, narrowing a gap in manufacturing activity between much of developing Asia and the region’s emerging economic giants.
Manufacturing business conditions picked up strongly in Taiwan and improved at the fastest rate in seven months in South Korea, according to purchasing managers’ index data published on Monday by HSBC and Markit, the economics consultancy.
In India, the HSBC PMI eased slightly from its high in November, although it remained strong by historical standards.
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