Asia’s Factories See Modest Pickup Alongside Chinese Rebound
- Taiwan’s PMI returns to expansion in July; Japan, Korea rise
- China’s manufacturing improves in official, Caixin gauges
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Factory managers in Asia broadly saw a modest pickup in activity in July as China’s demand kept up its momentum.
PMIs for Japan, South Korea, and Taiwan -- among the region’s manufacturing powerhouses -- advanced last month alongside most others in the region, according to IHS Markit figures Monday. Taiwan, at 50.6 -- its best reading since January -- was a rare economy that rose above 50, the dividing line between contraction and expansion.