China manufacturing slows as supply shortages roil Asia industry
June official PMI eases slightly to 50.9 versus 51.0 in May
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
GROWTH in China's June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a Covid-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
The chip supply crunch has hammered other manufacturing powerhouses in Asia.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
