JAKARTA: Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about how China’s re-opening might help offset an otherwise gloomy outlook for the rest of the world.
Factories in Southeast Asia ramped up production and purchasing in January as new orders piled in, data from S&P Global manufacturing purchasing managers’ indexes (PMIs) showed Wednesday. Signs that prices are softening, and supply chain disruptions are easing also lifted business confidence for factory output over the next 12 months.
