Asia's factory activity stagnates, taking shine off rebound in China

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TOKYO: Asia's manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of U.S.-China trade tensions.

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

Factory activity in October also shrank in Indonesia and Malaysia, but expanded in Taiwan and Vietnam, the surveys showed.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSouth KoreaSingaporeTaiwanVietnam

Topics: Stagnant Caixin Factory Asia Economy Manufacturing /Business/Business News IMF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:48:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 23359967

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