Factory activity in China has slipped back into decline, putting pressure on Asia's manufacturers and clouding recovery prospects for major exporters in the region.
TOKYO - Asia 's manufacturers faced worsening pressure in October with factory activity in China slipping back into decline, clouding recovery prospects for the region's major exporters already squeezed by weaker global demand and higher prices .
The Chinese survey echoed a downbeat official PMI reading on Tuesday, which also showed an unexpected contraction in activity, casting doubt over recent hopes of a recovery in the world's second-largest economy. The impact of China's slowdown is being felt in countries like Japan and South Korea, whose manufacturers are heavily reliant on demand from the Asian giant.
Japanese machinery makers like Fanuc and Murata Manufacturing recently reported weak six-month earnings due to sluggish Chinese demand. Adam Kinzinger said onetime Trump chief of staff John Kelly 'could barely stay awake' during a White House breakfast and told GOP lawmakers he was 'barely holding it together' in the role
Asia Manufacturers Factory Activity China Decline Recovery Prospects Exporters Global Demand Higher Prices Pmis Japan South Korea Vietnam Malaysia Chinese Slowdown Caixin/S&P Global Manufacturing PMI Growth Contraction Economy Demand Uncertainties
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Oct factory activity likely rose as economy finds footing: Reuters pollExplore stories from Atlantic Canada.
Read more »
China's factory activity unexpectedly contracted in OctoberExplore stories from Atlantic Canada.
Read more »
China factory activity unexpectedly shrinks in Oct, dents recovery momentumExplore stories from Atlantic Canada.
Read more »
China's Factory Activity Contracts in OctoberAn official survey shows that China's factory activity contracted in October, indicating an uneven economy. The purchasing managers' index fell to 49.5, reflecting a contraction in manufacturing activity. The non-manufacturing PMI also decreased, signaling slowing activity in China's service and construction industries.
Read more »
China’s factory activity unexpectedly shrinks in October, dents recovery momentumBoth new export and imports orders shrank for an eight consecutive month, suggesting that Chinese manufacturers were struggling for buyers overseas
Read more »
China's factory activity contracts in OctoberExplore stories from Atlantic Canada.
Read more »