Economics
Asia’s Factories Grind Ahead Amid Lunar New Year Disruptions
- Japan posts strongest reading since 2018, helped by new orders
- India’s gauge posts seventh consecutive month of expansion
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Manufacturing engines across Asia ground ahead last month, with most continuing to expand during the volatile Lunar New Year holiday period.
Japan recorded its strongest reading since 2018, while India, Indonesia, Philippines and Vietnam all remained above the 50 level that separates expansion from contraction. Malaysia and Thailand shrank further, at 47.7 and 47.2.