Global factory activity ended 2023 on a soft note – Business & Finance

BENGALURU/ SYDNEY: Global factories had a weak finish to 2023, with euro zone activity contracting for an 18th straight month in December and Asia’s manufacturing powerhouses taking a hit due to China’s patchy economic recovery.

A range of factory purchasing managers’ indexes published on Tuesday showed a persistent slowdown and suggested any turnaround this year would take time,…

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News Source: www.brecorder.com