Asian factories show tentative signs of recovery as China improves

Employees work on an engine assembly line at an engine manufacturing factory in Qingzhou, in China's eastern Shandong province on April 16, 2024. (Photo by AFP)

TOKYO: Asian factories, including China's manufacturing sector, showed signs of a tentative recovery in August and chip makers benefitted from firm demand, private surveys showed on Monday, but economic headwinds loom.

Analysts say prospects of slowing U.S. growth, which is likely to lead to interest rate cuts by the Federal Reserve this month, and uncertainty over the outcome of the U.S. presidential election cloud the economic outlook.