Factory activity in Asia and Europe slumped in June, business surveys showed, as sluggish demand in China and advanced nations clouded the outlook for manufacturers
manufacturing contracted faster than initially thought, as persistent policy tightening by the European Central Bank squeezed finances, and in Britain the pace of decline steepened as optimism faded.
June's downturn was broad-based with surveys published earlier on Monday showing factory activity in all four of the euro zone's biggest economies contracted last month. "China is dragging its feet in delivering stimulus. The U.S. economy will likely feel the pain from big rate hikes. These factors all make Asian manufacturers gloomy about the outlook."Employees work on the production line at Jingjin filter press factory in Dezhou, Shandong province, China August 25, 2022. REUTERS/Siyi Liu
manufacturing industry bucking the trend and expanding at a brisk pace in June, albeit slightly slower than in May, supported by robust demand.survey also showed Japanese business sentiment improving in the second quarter as raw material costs peaked and the removal of pandemic curbs lifted consumption.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
See all homes sold in these New Jersey counties, June 19 to June 25Real estate transfers in New Jersey counties reported from June 19 to June 25.
Leer más »
China's factory activity grew more slowly in June, Caixin survey showsOfficial data last week pointed to stuttering growth in the world's second-largest economy.
Leer más »
China's June factory activity slows as conditions weaken - Caixin PMIChina's factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions.
Leer más »
U.S., China Start Talking Again, With Global Economic Order at StakeTreasury Secretary Janet Yellen heads to Beijing this week. Managing the deepening rivalry between the U.S. and China will be a central task for her.
Leer más »
‘Barbie’ Banned In Vietnam Over Map Showing China’s Claims In South China SeaVietnam has banned commercial screenings of Warner Bros’ Barbie due to a scene that depicts a map of the South China Sea with the “nine-dash line” that is contested by the Vietnamese government. T…
Leer más »
True crime stories you missed this week: June 26-30, 2023Idaho murder suspect Bryan Kohberger’s attorney suggests he has 'no connection' to victims, new feds report on Jeffrey Epstein’s 2019 death includes findings of negligence, and more.
Leer más »