Caixin
Sep 01, 2023 02:39 PM
ECONOMY

Asia’s Manufacturing Slump Worsens as China Woes Hurt Demand

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A textile workshop in Guangzhou on Aug. 10.  Photo: Bloomberg
A textile workshop in Guangzhou on Aug. 10. Photo: Bloomberg

(Bloomberg) — Manufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China.

Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank.

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