Asian factories stagnate as China’s slowdown, supply constraints hit

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Reuters

(Corrects to change keyword search for media clients to GLOBAL-ECONOMY/(WRAPUP 2), no changes to text) By Leika Kihara TOKYO (Reuters) -Asia’s manufacturing activity broadly stagnated in September as pandemic-induced factory shutdowns and signs of slowing Chinese growth weighed on the region’s economies, surveys showed on Friday. Countries where large outbreaks of the Delta variant receded saw an improvement in activity, such as Indonesia and India. But factory activity in September shrank in Malaysia and Vietnam, and grew in Japan at the slowest rate in seven months, as chip shortages and sup…

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