Sluggish Demand and Weak Economic Recovery Impact Asia’s Factory Activity

Sluggish Demand and Weak Economic Recovery Impact Asia’s Factory Activity.

These surveys highlight the toll that China’s weaker-than-expected rebound from COVID-19 lockdowns is taking on Asia’s economy.

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The Japan PMI survey also revealed a decrease in new orders from overseas customers.

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PMI surveys also indicated a contraction in factory activity in Taiwan, Vietnam, and Malaysia.

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