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Asia's factory growth robust in Oct on electronics demand, China at risk

Beijing's efforts to reduce air pollution have led to a cooling in factory activity in recent months

Reuters  |  Hong Kong 

Asia's major manufacturing economies saw their fastest expansion in factory activity in years last month, driven by robust demand for electronics and firming the case for central banks in the region to shift to tighter monetary policy next year. A raft of mostly strong factory activity surveys released on Friday comes a day after the Bank of Korea became the first major central bank in Asia in three years to raise interest rates. The tightening marks a potential turning point for the region with Malaysia and the Philippines among central banks that could lift rates next ...

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First Published: Fri, December 01 2017. 12:12 IST