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.
Purchasing managers' indexes for factory powerhouses China, Japan and South Korea showed activity shrinking while Vietnam and Malaysia also struggled with the broadening fallout from a Chinese slowdown.manufacturing PMI fell to 49.5 in October from 50.6 in September, a private sector survey showed on Wednesday, falling back below the 50.0 point threshold that separates growth from contraction.
"The economy has showed signs of bottoming out, but the foundation of recovery is not solid. Demand is weak, many internal and external uncertainties remain, and expectations are still relatively weak." That came a day after official figures showed Japan's factory output rose much less than expected in September as demand slowed significantly.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China's manufacturing PMI unexpectedly falls into contraction for OctoberAn official gauge of China's manufacturing activity unexpectedly fell into contraction after rising to expansion territory for one month in September,...
Baca lebih lajut »
China's factory activity contracts in OctoberChina's factory activity contracts in October - Caixin PMI
Baca lebih lajut »
China's Caixin Manufacturing PMI unexpectedly contracts to 49.5 in October vs. 50.8 expectedChina's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly dropped to 45.
Baca lebih lajut »
China's factory activity contracts in OctoberChina's factory activity unexpectedly contracted in October, a private survey showed on Wednesday, raising questions over the state of the country's fragile economic recovery at the start of the fourth quarter.
Baca lebih lajut »
China’s Caixin manufacturing PMI falls into contraction in OctoberA private gauge of China's factory activity fell into contraction in October, signaling continued economic headwinds despite Beijing's recent efforts to...
Baca lebih lajut »
Asia markets mixed ahead of Bank of Japan decision, China PMIAsia-Pacific markets were mixed ahead of a monetary policy decision by the Bank of Japan, and economic data through the region.
Baca lebih lajut »