US ISM Purchasing Managers' Index (PMI)
The United States ISM manufacturing PMI decreased to 60.8 in October, from 61.1 the previous month but slightly above market consensus of 60.5.
Production rose at a slower pace and new order growth fell to a 16-month low, as the world's largest economy continued to grapple with supply constraints and rising prices.
Hong Kong Growth Rate
Hong Kong's economy grew 5.4 percent from a year earlier in the third quarter of 2021, slowing from a 7.6 percent expansion in the previous period and missing a market forecast of 5.8 percent. However, GDP expansion remained strong overall and was attributed to strong and sustained growth in both domestic and external demand, as well as the stable domestic epidemic situation.
Government spending also rose by 4.1 percent versus 3.0 percent in the second quarter, while net external demand contributed negatively to GDP as imports rose more than exports. On a quarterly basis, the economy grew by a seasonally adjusted 0.1 percent in July to September, compared to a contraction of 0.9 percent in the previous quarter.
India Manufacturing PMI
India's IHS Markit manufacturing PMI increased to 55.9 in October 2021 from 53.7 the previous month and this marks the fourth consecutive month of expansion and the strongest growth since February, as production and new orders expanded at the fastest rate in seven months.
New export orders increased at a robust pace, the fastest in three months. Meanwhile, employment continued to decline, with the rate of job layoffs being marginal.
Price data showed that input cost inflation jumped to a 92-month high. Meanwhile, production prices rose marginally. Business confidence also improved at a near-record rate, amid strong growth in input purchases.
India's trade balance
India posted a trade deficit of $19.9 billion in October.
India's exports and imports
Exports in India increased to $35.47 billion in October from $33.79 billion in the previous month. Imports fell to $55.4 million in October from $56.4 million in September the previous month.
Indonesia inflation rate
The annual inflation increased to 1.66 percent in October, matching with a forecast. The highest inflation rate since May, driven by the faster increase in prices of housing & utilities 0.52 percent vs 0.40 percent and transport 1.21 percent vs 0.74 percent, amid loosening restrictions in some regions in Indonesia, according to Statistics Indonesia data.
Statistics Indonesia, month-on-month, inflation rose by 0.12 percent in October from the prior month.
