China’s Patchy Recovery Keeps Asia’s Factories in a Slump
- Taiwan’s factory conditions deteriorated sharply in December
- South Korea faces decline in new orders as demand eludes
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Manufacturing in Asia ended the year on a weak note as sluggish economic activity in China and other developed markets dampened demand for the region’s goods.
Most of Asia saw a slowdown in new orders and production volumes in December amid tepid customer appetite, according to the manufacturing purchasing managers’ index published Tuesday by S&P Global. Input costs also rose and supply chain performance worsened.