TOKYO, July 1 ― Asia's factory pain showed signs of easing in June, as a rebound in China's activity offered some hope the region may have passed the worst of the devastation caused by the coronavirus pandemic. But sluggish global demand and fears of a second wave of infections will tame any...
Wednesday, 01 Jul 2020 12:29 PM MYT
But sluggish global demand and fears of a second wave of infections will tame any optimism on the outlook and keep pressure on policymakers to support their ailing economies. Japan and South Korea continued to see manufacturing activity shrink, underscoring the heavy blow the pandemic dealt to their export-reliant economies, although the pace of their declines slowed.
China's Caixin/Markit Manufacturing Purchasing Managers' Index rose to 51.2 in June from 50.7 in May, marking the highest reading since December 2019. That followed a similarly upbeat reading from the Chinese government's own PMI yesterday.
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