Asian factories recover as pandemic drag eases

01.07.2020 - Petr Mazaylo
Asian factories recover as pandemic drag eases

Asia’s manufacturing pain stopped pressing in June. This followed after China’s factory sector recovered, boosting optimism that the region has survived the worst of the novel coronavirus crisis.

China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) was monitored at 51.2 in June, placing higher than May’s record of 50.7. More so, Vietnam and Malaysia’s PMIs also placed above the 50-mark separating growth from contraction. This revealed encouraging signs for policymakers struggling to salvage the virus-beaten economy.

Export-reliant economies of Japan and South Korea were dragged by the pandemic but their PMIs managed to place at 40.1 and 43.4 respectively.  Though both countries advanced, their PMI readings still placed below the 50-mark threshold.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?