Asian factories show tentative signs of recovery as China improves

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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.

The International Monetary Fund (IMF) anticipates a soft landing for Asia's economies as moderating inflation creates room for central banks to ease monetary policies to support growth.

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.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSouth KoreaTaiwan

Topics: Asian /Business/Business News Manufacturing PMI Caixin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 11:10:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22325670

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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