Asia’s factories end 2024 on weak footing as Trump 2.0 risks mount
1 week ago

Asia’s factories end 2024 on weak footing as Trump 2.0 risks mount

Live Mint  

- Asia's factory powerhouses ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and persistently weak Chinese demand. A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia. Elsewhere in Asia, South Korea's PMI showed activity shrinking in December and the decline in output gathering pace, a stark contrast to better-than-forecast export growth figures released on Wednesday. South Korea's central bank governor said on Thursday the pace of monetary policy easing would need to be flexible this year due to heightened political and economic uncertainty.

China Trump South Korea Global Trade Pmi Activity Factory Activity  global  trade  asias  footing  trump  factory  china  mount  pace  risks  south  factories  2024  20  pmi  end  activity  showed  weak

History of this topic

India's manufacturing activity grew at its weakest pace in 2024
6 days, 16 hours ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s factory output at 12-month low, December second month of declining activity in a row
Trending News
6 days, 22 hours ago

India’s factory output at 12-month low, December second month of declining activity in a row

Firstpost  

India’s Manufacturing Purchasing Managers’ Index fell to 56.4, down from 56.5 in November. Source: Reuters India’s manufacturing activity logged its weakest growth of 2024 in December with the Manufacturing Purchasing Managers’ Index, or PMI, declining to a 12-month low of 56.4, down from 56.5 in November. The HSBC India Manufacturing Purchasing Managers’ Index averaged over 57.5 in 2024, compared with …

Trump 2.0 trade risks dampen mood in Asian factories, soften expectations for 2025
Trending News
1 week ago

Trump 2.0 trade risks dampen mood in Asian factories, soften expectations for 2025

Firstpost  

US President-elect Donald Trump will make his return in the White House on January 20. Asia’s factory powerhouses ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and persistently weak Chinese demand. A series of manufacturing purchasing managers’ indexes for December from across the region published …

China Sees Manufacturing Sector Expand At Muted Pace In December
1 week, 1 day ago

China Sees Manufacturing Sector Expand At Muted Pace In December

ABP News  

The manufacturing activity in China climbed for the third consecutive month in December, however, the pace remained marginal, an official factory survey showed on Tuesday. However, authorities remain optimistic that fiscal and monetary measures released later in the year would lead to a turnaround in the property market, which has weighed down the broader economy. An improvement in domestic demand …

Asian manufacturing PMIs send positive signals but tariff threat tempers upside
1 month ago

Asian manufacturing PMIs send positive signals but tariff threat tempers upside

Live Mint  

Manufacturing conditions across much of Asia looked slightly stronger midway through the fourth quarter, the latest surveys show, but trepidation about U.S. tariffs and the economic hit they’ll deal is taking some of the shine off the data. The suite of Asia purchasing managers’ indexes for November shows the region is still generally upbeat and navigating elevated geopolitical and economic …

South Korea factory activity picks up on strong Asia demand, PMI shows
1 month, 1 week ago

South Korea factory activity picks up on strong Asia demand, PMI shows

Hindustan Times  

By Jihoon Lee South Korea factory activity picks up on strong Asia demand, PMI shows SEOUL, - South Korea's factory activity rose in November, after two straight months of declines, thanks to improving demand in Asia, a private sector survey showed on Monday. "November PMI data signalled that the South Korean manufacturing sector saw a renewed improvement in operating conditions," …

Surveys show Chinese economy growing but at modest pace
6 months, 1 week ago

Surveys show Chinese economy growing but at modest pace

Associated Press  

BANGKOK — Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam. “From the perspective of output, China’s economy is maintaining expansion, but the momentum of recovery still needs to be consolidated,” the official Xinhua News Agency cited Zhao Qinghe, senior statistician for the National …

Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
9 months, 1 week ago

Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says

Associated Press  

BANGKOK — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday. Debt, trade barriers and policy uncertainties are dulling the region’s economic dynamism and governments need to do more to address long-term problems …

Varying manufacturing recovery casts shadow on global growth
10 months, 1 week ago

Varying manufacturing recovery casts shadow on global growth

China Daily  

A worker produces garment fabrics at a weaving workshop in Nantong, Jiangsu province, on Jan 24, 2024. Statistics from the China Federation of Logistics and Purchasing show that Asia's manufacturing purchasing managers' index rose above 50 percent again in January, and China's manufacturing PMI in particular rose 0.2 percentage points in January from the previous month. Although the manufacturing industry …

Long-term competitiveness of economy being shaped
11 months, 1 week ago

Long-term competitiveness of economy being shaped

China Daily  

The Xingguang Night Market bustles with activity in Jinghong, Yunnan province, on Tuesday. LIANG ZHIQIANG/FOR CHINA DAILY The United States' economy is expected to have grown by 2.5 percent in 2023, with a nominal GDP growth of 6.3 percent, not adjusted for inflation. Last year, the Japanese stock market boom was not supported by improving economic and corporate fundamentals, but …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 2 months ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF
1 year, 8 months ago

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

The Hindu  

Growth in the dynamic Asia-Pacific region is projected to increase to 4.6% this year from the 3.8% recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. In its “Regional Economic Outlook - Asia and Pacific” report released on May 2, the Washington-based fund said the region would …

China’s factory output smashes forecasts with decade-high growth
1 year, 10 months ago

China’s factory output smashes forecasts with decade-high growth

Al Jazeera  

Manufacturing Purchasing Managers’ Index hits its highest reading since 2012 following Beijing’s lifting of COVID curbs. China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year. The manufacturing Purchasing Managers’ Index shot up to 52.6 from 50.1 …

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months
2 years ago

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months

Firstpost  

The report from the Cabinet Office comes as Japan, the world’s third-largest economy, wrestles with sluggish global growth and high import costs that have weighed on its exports and manufacturing activity Tokyo: China’s grim Covid-19 situation has rung alarm bells in several countries including Japan who has said it is keeping a close watch on Beijing with more people falling …

Asia’s manufacturing slows, adding to global recession fears
2 years, 6 months ago

Asia’s manufacturing slows, adding to global recession fears

Al Jazeera  

Factory activity slows or declines in Japan, South Korea and Taiwan amid supply disruptions and rising costs. Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict COVID-19 lockdowns, while sharp economic slowdown risks in Europe and the United States reinforced fears of a global recession. While a string of surveys on …

2022 New Year’s Resolutions for Asia’s Biggest Economies
2 years, 11 months ago

2022 New Year’s Resolutions for Asia’s Biggest Economies

The Diplomat  

Workers of a political party and others cheer in front of a huge kite to welcome 2022 on New Year’s Eve in Ahmedabad, India, Friday, Dec. 31, 2021. Politically, China’s “president for life” faces another test at the CCP’s 20th National Party Congress in the fall, at which Xi is expected to break precedent and gain a third five-year term …

South Korea enters recession as exports plunge by most since 1963
4 years, 5 months ago

South Korea enters recession as exports plunge by most since 1963

The Hindu  

South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories. “It's possible for us to see China-style rebound in the third quarter as the pandemic slows and activity in overseas production, schools and hospitals resume,” South Korean finance minister …

Asia's factory pain eases as region emerges from pandemic
4 years, 6 months ago

Asia's factory pain eases as region emerges from pandemic

India Today  

Asia’s factory pain showed signs of easing in June, as a rebound in China’s activity offered some hope the region may have passed the worst of the devastation caused by the coronavirus pandemic. China’s factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures, a private sector survey showed on Wednesday. “We’re still awaiting …

Foreign investors pull out $26 billion from Asian economies; $16 billion from India
4 years, 7 months ago

Foreign investors pull out $26 billion from Asian economies; $16 billion from India

The Hindu  

Amidst the global economic recession due to the coronavirus pandemic, foreign investors have pulled out an estimated $26 billion from developing Asian economies and over $16 billion out of India, according to a Congressional report. Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a …

China’s factories are producing more but the economy is still very fragile
4 years, 7 months ago

China’s factories are producing more but the economy is still very fragile

CNN  

Hong Kong CNN Business — Production at China’s factories is growing for the first time since the coronavirus pandemic began. China’s economy shrank 6.8% in the first three months of 2020 compared to a year earlier, amounting to about 693 billion yuan in lost output. While the International Monetary Fund still expects China’s GDP to grow 1.2% this year, analysts …

Discover Related