scorecardresearchGlobal slowdown fears darken prospects for Asian factories

Global slowdown fears darken prospects for Asian factories

Updated: 22 Jul 2022, 08:39 AM IST
TL;DR.
Japan's manufacturing activity grew at the slowest pace in 10 months in July, the purchasing managers' index (PMI) survey showed on Friday, boding ill for an economy struggling to shake the wounds from the pandemic.
An employee works on the production floor at the Voith Turbo Power Transmission Co. auto parts factory in Shanghai, China, on Thursday, July 21, 2022. Most, if not all, companies in Shanghai have resumed work since June 1, when the city reopened following a brutal two-month lockdown. Photographer: Qilai Shen/Bloomberg

An employee works on the production floor at the Voith Turbo Power Transmission Co. auto parts factory in Shanghai, China, on Thursday, July 21, 2022. Most, if not all, companies in Shanghai have resumed work since June 1, when the city reopened following a brutal two-month lockdown. Photographer: Qilai Shen/Bloomberg