Asia Manufacturing Slumps Anew Even as Some Data Show Resilience

The slowdown in Asia’s manufacturing activity deepened further in June, a warning sign for the region’s growth prospects as tariffs on shipments to the US are poised to increase next week.

Export-reliant economies including Taiwan and Vietnam saw their purchasing managers indexes deteriorate further, with factories reporting a continued decline in new orders, output and staffing as the trade war saps demand.