Asian Manufacturing Struggles Amidst Mixed Trade Signals

Asian manufacturing powerhouses grappled with sluggish demand in November, despite progress in U.S. trade talks. Factory activity continued to decline in many countries, including China, Japan, South Korea, and Taiwan. However, Southeast Asian economies like Indonesia and Vietnam experienced growth, painting a mixed picture for the region. Chinas factory activity resumed its downward trend, while businesses across Asia navigated uncertainty caused by U.S. trade policies. South Koreas exports, however, saw a sixth consecutive month of growth, indicating that some sectors are thriving amidst the changing economic landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.