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Westpac note that "Asian PMIs were.............>

ASIA
ASIA: Westpac note that "Asian PMIs were relatively unchanged in August, with
many of the advanced Asian nations steadying after a period of deceleration. In
emerging Asia, PMI's appear to be treading water. This comes after official data
indicated that annual growth in India and Indonesia is tracking at multi-year
highs as at June quarter (2016 and 2013 respectively). Nonetheless, while India
and Indonesia have a strong starting point, anecdotes from the survey confirm
that these economies are starting to feel the brunt of headwinds related to
capital outflows and a weaker currency, higher oil prices, the consequent input
cost pass through, and associated monetary policy tightening."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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