Economics
Asia’s Factories Remain in Doldrums Even as Lockdowns Ease
- Many PMIs remain below 50, indicating contractions in output
- Governments are beginning to ease lockdowns across the region
This article is for subscribers only.
Asia’s factory managers remained downbeat about the world’s trade engines in May, even as battered economies start to re-open across the region.
Purchasing managers indexes for South Korea, Japan and Taiwan fell, according to data released by IHS Markit on Monday. Readings for India, Vietnam, Malaysia, Thailand and the Philippines improved but remained below 50, the dividing line between contraction and expansion.