Reported about 12 hours ago
Factory activity in Europe has seen a rebound, with growth in the Eurozone for the first time since mid-2022, largely due to strong domestic demand countering the effects of US tariffs. In contrast, Asian manufacturing is on the decline, with Japan, South Korea, and Taiwan all reporting shrinking activity. Interestingly, China's manufacturing showed modest growth, defying previous trends of contraction, while India's manufacturing thrived. Experts caution that rising US tariffs combined with competition from cheaper Chinese exports could heighten challenges for Asian economies.
Source: YAHOO