Business Maverick: Asia’s factories gather some speed on China reopening roost

📆 1/03/2023 2:18 a. m.

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Asia’s manufacturing activity showed signs of revival as China’s reopening provided a lift to the sluggish global economy, although the tailwinds weren’t enough to pull major exporters like Taiwan and Japan out of their slump.

📆 1/03/2023 2:18 a. m.
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The latest round of factory data adds to uncertainty as the global economy braces for a downturn, amidThe divergence continued to widen in the region’s factories in February, with Southeast Asia’s more domestically-driven economies forging on ahead with their expansion and North Asia’s export-oriented hubs lagging, data fromThailand posted a region’s best PMI reading of 54.8 last month as it ramped up manufacturing production and output. Vietnam’s gauge jumped sharply to 51.2 from 47.

The non-manufacturing gauge – which measures activity in both the services and construction sectors – increased to 56.3 from 54.4, better than a projected improvement to 54.9.

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