Most in Asia Sustain Manufacturing Growth Even as China Slows

Manufacturing activity across most of Asia continued to expand in July, supported by gains in new orders even as others saw operating conditions deteriorate.

Factories in much of North Asia, which have been witnessing a better-than-expected exports growth, stayed in expansion territory. The manufacturing purchasing managers’ index for Taiwan came in at 52.9 last month from 53.2 in June, while South Korea saw its index at 51.4 from 52, according to data published by S&P Global on Thursday. Japan slipped further to 49.1 from 50 a month prior, compiler au Jibun Bank said.