In March, South Korea and Vietnam's PMI slipped into contraction, while Taiwan and Japan's PMIs improved amid weak demand.
Asia's manufacturing activity showed a mixed picture in March, with South Korea and Vietnam's PMI slipping back into contraction zone, while Taiwan and Japan's PMIs improved. Weak domestic demand dragged on growth in South Korea and Vietnam, as global demand conditions remained subdued. Taiwan's factories reported their highest confidence despite lower orders for key export markets like China, the US, and Europe in March.
April 01, 2024
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