India, China Lead Asia Manufacturing Recovery
India, China Lead Asia Manufacturing Recovery

India, China Lead Asia Manufacturing Recovery

News summary

India's manufacturing sector surged in June 2025, reaching a 14-month high as the HSBC India Manufacturing PMI climbed to 58.4, driven by robust output, new orders, and record employment, especially among intermediate goods makers and exporters. China's factory activity showed mixed signals, with the Caixin/S&P Global Manufacturing PMI returning to expansion at 50.4, despite the official PMI remaining in contraction and ongoing U.S. tariff pressures. South Korea's manufacturing sector contracted for a fifth consecutive month, though at a slower pace, as improved domestic sentiment followed a change in administration, while exports remained weak. Across Asia, manufacturing shows signs of recovery in India and China, but global trade uncertainties, price pressures, and weak export orders continue to challenge the region.

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Last Updated
18 min ago
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