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China

China’s services activity hit as virus wipes sales

BEIJING: China’s services sector had its worst month on record in February as new orders plummeted to their lowest level since the global financial crisis, a business survey showed, with economists urging swift support to avoid mass bankruptcies.

Business

China’s commodity imports hold up better than the PMIs

LAUNCESTON (Australia): There’s no way to sugar-coat the worst-ever reading of China’s manufacturing indexes, which were pummelled as the economy was largely shut down in February as Beijing battled to contain the coronavirus epidemic.

Business

India factory activity growth slows in February

BENGALURU: India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed yesterday.

Business

Virus drives China PMIs to record lows, hurting Asia

Singapore: Asia’s factories took a tumble in February under the weight of the rapidly spreading coronavirus outbreak, with a severe plunge in activity in China driving down output across the region.