Asia factory activity weakens, uncertainty on China clouds outlook


Export-reliant Japan, South Korea and Taiwan bore the brunt of sluggish global demand with their manufacturing activity remaining stagnant in November, according to surveys. — Reuters

TOKYO: Asia’s factory activity remained weak in November on soft global demand, surveys showed yesterday, with mixed signs on the strength of China’s economy clouding the outlook for the region’s fragile recovery.

China’s private Caixin/S&P Global manufacturing purchasing managers’ index (PMI) unexpectedly rose to 50.7 in November from a 49.5 reading in October, exceeding the 50 mark separating growth from contraction and surpassing analysts’ forecasts.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Indonesia central bank keeps policy rate unchanged, as expected
Investors march out of Malaysia, bring ringgit to 1998 lows
Oil rises as investors weigh Red Sea attacks, US rate cut outlook
Manufacturing industry at 79.8% operating capacity in 4Q23 - DoSM
China boosts Asian shares as investors brace for Nvidia earnings
Singapore Airlines outlook warning casts a shadow over air show
Rise of fast-fashion Shein, Temu roils global air cargo industry
HSBC's US$3bil China writedown mars record annual profit
Sime Darby's 2Q net profit rises to RM2.29bil, declares 3c div/share
Profit-taking on Bursa on softer appetite for global equities

Others Also Read