The recovery might continue for at least a few months, supported by ultra-easy monetary policy and continued fiscal spending
Goldman slashes its Q3 growth forecast to 0%, from 1.3% earlier
Indian factory activity expanded at a slower pace last month as persistent pandemic-related weakness weighed on demand and output, forcing firms to cut jobs again, a private survey showed
China's factory activity expanded at a slower pace in August, while the services sector slumped into contraction, as covid-related restrictions and high raw material prices pressure businesses
Jumps to 3-month high after June contraction; marginal rise in jobs
Authorities are eager to prevent high factory-gate prices being passed on to consumers
The Nikkei Manufacturing Purchasing Managers' Index compiled by IHS Markit, declined to an 11-month low of 48.1 in June from May's 50.8
Growth in China's factory activity dipped to a four-month low in June, weighed by higher raw material costs, global shortage of semiconductors and a resurgence of Covid cases in major export province
Job loss accelerated as Covid-19 'crisis intensifies' in sector, says private survey
European manufacturers ramped up activity at the fastest monthly pace in PMI survey history but a spike in COVID-19 infections in some countries continued to disrupt supply chains
The country's official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March
Despite foreign orders growing at a faster pace in March, a sub-index tracking overall demand declined to its lowest since August 2020. Output also grew at its weakest pace in seven months
The Covid-19 pandemic restricted international demand for Indian goods. In response to another robust increase in total new orders, production was raised again in February
China's was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia's engine of growth will likely be a cause for concern
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The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, rose to 57.7 in January from December's 56.4, above the 50-level separating growth from contraction for 6th straight month
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.0 in August from 46.0 in July
Numbers beat analysts' forecasts for a more modest improvement of 51.3
Japan's factory activity contracted at the fastest pace in about a decade in March, adding to views that the world's third-largest economy is likely already in recession
Solid growth in demand was despite output prices rising at the fastest rate in nearly three years