Asia s factory activity slowed in May as China s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some of the region s economies that are already under strain from surging raw material costs.
China’s factory activity shrank less sharply in May as COVID-19 curbs eased and some production resumed, a private sector survey showed on Wednesday, improving from a 26-month low in April. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 48.1 in May from 46.0 the previous month and was slightly above a Reuters poll of .
TOKYO, June 1 Asia’s factory activity slowed in May as China’s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some.
Asia’s factory activity slowed last month as China’s heavy-handed COVID-19 lockdowns continued to disrupt supply chains and dampen demand, adding to woes for some of the region’s economies that were under strain from surging raw material costs.
Manufacturers slowed activity last month in countries ranging from Taiwan to Japan and Malaysia, business surveys showed yesterday, a sign of the challenge that policymakers face in combating inflation with tighter monetary policy without crippling growth.
China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) stood at 48.1 points last month, improving slightly from 46.0 in April, but staying below the 50-point threshold that separates contraction