Global manufacturing activity remained resilient in January although some countries suffered amid a resurgence in coronavirus infections, underscoring the fragile and uneven nature of the economic recovery.
01 Feb 2021 / 15:03 H. China s Jan private PMI expands at slowest pace in 7 months Factory activity rises in South Korea, Taiwan State of emergency weighs on Japan s manufacturing activity (Adds South Korea export figures, India PMI)
By Leika Kihara
TOKYO, Feb 1 (Reuters) - Manufacturing in China and Japan suffered in January amid a resurgence in coronavirus infections, while South Korea and Taiwan saw improvements, underscoring the fragile and uneven nature of the region s economic recovery.
Factory activity quickened in major chip exporters South Korea and Taiwan, as they benefited from continued brisk demand for semiconductors crucial to work-from-home IT goods.
But China s manufacturing activity expanded at the slowest pace in seven months in January, weighed down by falling export orders.
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Asian factories show mixed performance as pandemic s pain lingers Manufacturing in China and Japan suffered in January, while South Korea and Taiwan saw improvement amid a resurgence in coronavirus infections, underscoring the fragile nature of the region s economic recovery.
FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28, 2019. REUTERS/Stringer
01 Feb 2021 11:25AM (Updated:
01 Feb 2021 11:25AM) Share this content
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TOKYO: Manufacturing in China and Japan suffered in January, while South Korea and Taiwan saw improvement amid a resurgence in coronavirus infections, underscoring the fragile nature of the region s economic recovery.