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Asia factory activity sputters in Dec on China slowdown, trade disputes

China's weakness spilled over to other economies, with Malaysia's manufacturing activity shrinking to its weakest pace of expansion since 2012 and Taiwan contracting to its lowest since September 2015

Reuters  |  Hong Kong 

Factory activity weakened across Asia in December as the Sino-US trade war and a slowdown in Chinese demand hit production in most economies, strengthening the case for a pause in interest rate hikes in the region in 2019. A series of purchasing managers' indexes for December released on Wednesday mostly showed declines or slowdowns in manufacturing factory activity across the region. In China, the Caixin/Markit PMI slipped into contraction territory for the first time in 19 months, broadly tracking an official survey released on Monday. China's weakness spilled over to ...

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First Published: Wed, January 02 2019. 09:23 IST
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