PMIs broadly decline in region on cost and demand pressures
A worker cleans the floor near a TV assembly line, at a factory in Bangkok, Thailand. (Photo: Reuters)
JAKARTA – Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure.
Most countries across the region reported pressures from cost inflation, shrinking output and new orders, according to manufacturing purchasing managers’ indexes (PMIs) published Wednesday by S&P Global and au Jibun Bank. A private gauge of…
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