Asia manufacturing soars in June, but momentum slows into second half

Asia manufacturing soars in June, but momentum slows into second half

In June, manufacturing activity in Asia's tech producing economies extended, backed by surging global demand for electronics products, although headwinds in external markets could suggest a moderation in surge during the second half of 2017.

In Asia, private sector polls of manufacturers demonstrated the factory sectors of South Korea, China, Japan as well as Taiwan picked up in June, powered mostly by a revival in exports.

However, ongoing dips in energy prices that weighed on manufacturing activity in Malaysia and Indonesia, could affect these two economies going forward, as financial experts stress. Besides this, in India, sluggish domestic demand compensated strong foreign demand and provoked a manufacturing slowdown in June.

Factory Purchasing Managers' Indexes for Vietnam, South Korea, Taiwan, Japan and India all stood above the 50-mark, separating expansion from contraction on a monthly basis.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Crude holds revenues on API estimates

On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera