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Global economy: Asia's outlook darkens as factory activity slips, new orders fall

Reuters  |  TOKYO 

By Leika KiharaTOKYO (Reuters) - Asia's economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.In a sign corporate sentiment was taking a hit from worries over protectionism, manufacturers' activity slipped in November in countries as varied as Indonesia, Taiwan and South Korea, the IHS Markit Purchasing Managers' Index showed on Monday.While factory activity rose slightly in China, new export orders extended their decline in a further blow to a sector already ...

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First Published: Mon, December 03 2018. 11:07 IST