The Business & Financial Times
July 6, 2021
Joint-fastest increase in charges since November 2018
Business sentiment at 14-month low
The final month of the second quarter of 2021 saw further growth in the private sector, with output, new orders and employment all increasing in June. That said, rates of expansion eased as marked increases in prices restricted growth. Inflationary pressures were also behind a decline in sentiment regarding the 12-month outlook.
The headline seasonally adjusted Ghana PMI ticked down to 51.0 in June from 51.5 in May. The reading signalled a slight improvement in business conditions, but one that was the weakest in the year-to-date. The health of the private sector has now strengthened in each of the past 11 months.
A plastic barrier separates a shopper from a sales assistant at a convenience store in Ho Chi Minh City, Vietnam, on Monday, June 21, 2021. - Bloomberg
TOKYO: Asia s factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday.
Vietnam and Malaysia were particularly hard hit. Manufacturing activity shrank in those countries in June due to stricter coronavirus restrictions, clouding the outlook for a region lagging western economies in recovering from the pandemic. The June PMI data show clearly the impact of the latest wave of the COVID-19 pandemic on the Vietnamese manufacturing sector, with company shutdowns in areas facing restrictions leading to sharp reductions in output and new orders across the sector as a whole, said Andrew Harker, Economics Director at IHS Markit.
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By Leika Kihara
TOKYO, July 1 (Reuters) - Asia s factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday.
Vietnam and Malaysia were particularly hard hit. Manufacturing activity shrank in those countries in June due to stricter coronavirus restrictions, clouding the outlook for a region lagging western economies in recovering from the pandemic.
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Asia factories see momentum weaken on rising costs, new COVID-19 curbs
FILE PHOTO: Copper rods are seen at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam, August 11, 2017. REUTERS/Kham/File Photo
01 Jul 2021 11:10AM (Updated:
01 Jul 2021 11:41AM) Share this content
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TOKYO: Asia s factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday (Jul 1).
Vietnam and Malaysia were particularly hard hit. Manufacturing activity shrank in those countries in June due to stricter coronavirus restrictions, clouding the outlook for a region lagging western economies in recovering from the pandemic.