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China's factory gloom weighs on Asia's manufacturers

Economic Times LogoEconomic Times10h ago

China's factory gloom weighs on Asia's manufacturers - Economic Times

Quick Summary:

Manufacturing activity shrank in Japan and expanded at a slower pace in South Korea due partly to soft domestic demand and rising input costs, the surveys showed, adding to the gloom from a contraction in China's factory activity.

Japan's final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 49.1 in July from 50.0 in June, slipping below the 50.0 threshold that separates growth from contraction for the first time in three months.

India's manufacturing activity expanded at a solid pace in July thanks to continued robust demand, though cost pressures were high as prices charged to clients rose at the steepest rate in over a decade.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 10:02:36 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1380 words

Reading Time: 8 minutes read

Sentences: 30 lines

Sentence Length: 46 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21894647

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Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 4 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #84

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