Asia factories see momentum weaken on rising costs, new COVID-19 curbs

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Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat ...

TOKYO: Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday .

China's factory activity expanded at a softer pace in June with output growth slumping to the lowest level in 15 months, according to a private survey, in line with an official survey showing a dip in activity to a fourth-month low. "Manufacturers were increasingly commenting that severe supply chain disruption was starting to impact activity," said Usamah Bhatti, an economist at IHS Markit.

 

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