The ongoing trade war sharply cut the number of new orders flowing to factories in South Korea, Taiwan, and Vietnam last month, according to S&P Global data.
Tag: Asia
NEW WORLD DISORDER: UN IDENTIFIES ‘SHAMEFULLY’ HIGH LEVELS OF HUNGER WORLDWIDE
While the Bigs Get Bigger, the UN announced last week that the levels of hunger around the world will remain “shamefully” high for years—with 582 million being considered undernourished around the world by 2030, the Financial Times reported.
GLOBAL MANUFACTURING SHOWED MIXED RESULTS IN JUNE
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
ASIAN FACTORY OUTPUT SHRINKS UNDER SLUGGISH GLOBAL DEMAND
In December, the S&P Global Market Intelligence purchasing managers index (PMI) for manufacturing in Vietnam slipped to 46.4 from 47.4 in November, its lowest rating since September 2021.