You are here

Slowing Asian factories douse hopes for growth

Tepid PMI in China, India, Japan, Korea also depresses commodity prices

BT_20141002_SLOW27YQU_1296871.jpg
Sputtering: Beijing can no longer rely on exports and manufacturing as an engine for growth. Its official Purchasing Managers' Index of activity stayed stuck at 51.1 in September, only modestly above the 50 level that separates growth from contraction.

[SYDNEY] Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright decline in South Korea delivering a setback to hopes for a pickup in world growth this year.

The lacklustre performance helped lift the US dollar above 110.00 yen

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom