MANILA, Jan 3 (Bloomberg): Asia and European factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the omicron strain begins to spread in the region.
North Asia’s export hubs led the recovery as they enjoyed better-than-expected industrial production and robust demand for their tech products.
The IHS Markit manufacturing purchasing managers’ index for Taiwan rose to a 55.5 last month from 54.9 in November, while South Korea saw the sharpest jump to 51.9 from 50.9.
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