TOKYO, Oct 1 Asia’s manufacturing activity was lacklustre in September as signs of slowing Chinese growth and factory shutdowns caused by the coronavirus pandemic weighed on the region’s economies, surveys showed on Friday. Factory activity in September shrank in Malaysia and Vietnam, and.
Global manufacturing activity took a big hit from supply chain bottlenecks and escalating costs, exacerbated by pandemic-induced factory shutdowns in Asia and signs of slowing Chinese growth, surveys showed on Friday.
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Global manufacturing activity took a big hit from supply chain bottlenecks and escalating costs, exacerbated by pandemic-induced factory shutdowns in Asia and signs of slowing Chinese growth, surveys showed on Friday.
European manufacturers are increasingly strained by global supply-chain problems that are pushing up prices and could last well into next year.
A gauge by IHS Markit measuring business activity in manufacturing fell last month by the biggest margin since April last year the beginning of the COVID-19 pandemic. Growth in new orders, output and employment slowed considerably.
“Supply issues continue to wreak havoc across large swathes of European manufacturing, with delays and shortages being reported at rates not witnessed in almost a quarter of a century and showing no signs of any imminent improvement,” IHS Markit chief business economist