Asia’s factories, including those in Thailand, pushed ahead gradually in October as managers remained upbeat about recovery prospects and local virus outbreaks become less severe, manufacturing gauges show.
South Korea advanced to 51.2 in October from 49.8, and Taiwan stayed particularly strong at 55.1 after September’s 55.2, according to IHS Markit figures released Monday. Thailand also moved above 50, the dividing line between expansion and contraction, while Japan improved to 48.7 from 47.7.
Vietnam and Malaysia retreated, though the former stayed in expansionary territory. Malaysia’s reading of 48.5 was the lowest since May.
The regional figures are getting a lift from China’s ongoing recovery,…