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Asian manufacturing picks up momentum on strong exports

FILE PHOTO: An employee wearing a protective face mask and face guard works on the automobile assembly line as the maker ramps up car production with new security and health measures as a step to resume full operations, during the outbreak of the coronavirus disease (Covid-19), at a factory of Mitsubishi Fuso Truck and Bus Corp in Kawasaki, south of Tokyo, Japan May 18, 2020. (Reuters)

Factory activity across Asia — including Thailand — continues to gain momentum, spurred by strong demand for the region’s exports, purchasing managers’ indexes show.

Japan’s PMI rose to 50 in December, its highest reading since April 2019, according to Jibun Bank and IHS Markit. Taiwan’s PMI jumped to 59.4, its highest mark in a decade, while South Korea’s remained at 52.9, its third consecutive month above the…

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