Economics
Asia’s Factories End 2019 With Brighter Outlook Led by China
- South Korea, Thailand among those now in expansion territory
- China’s manufacturing showing gains as economy stabilizes
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Asia’s manufacturing industry finished 2019 with a modestly brighter outlook, with fewer economies signaling contraction at factories.
Purchasing manager indexes for South Korea, Thailand and Taiwan all moved above 50 in December, data from IHS Markit showed Thursday. Malaysia improved right to the dividing line between expansion and contraction of 50 while Indonesia stayed slightly below it.