Asia’s Manufacturing Slump Worsens as China Curbs Demand
- Factories in North Asia cut production, new orders, exports
- Thailand, Philippines PMI in the red for first time since 2021
China’s manufacturing activity fell for a fifth consecutive month in August, data showed Thursday.
Photographer: Qilai Shen/BloombergManufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China.
Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank.
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Asia’s Manufacturing Slump Worsens as China Curbs Demand