Asia’s Export Engines Are Gradually Healing From Pandemic Slumps
A vessel loaded with shipping containers approaches the Yangshan Deepwater Port in Shanghai.
Photographer: Qilai Shen/BloombergAsia’s manufacturing engines just turned in another month of fitful progress, with September’s purchasing managers indexes looking just a bit brighter, with a few exceptions.
India’s factory gauge surged further into expansion, while still making up for a record-low reading in April and with more challenges ahead given a worsening Covid-19 outbreak. Japan’s PMI rose to the highest level since February but remained in contractionary territory.