Asia’s factories end 2023 on soft note amid fragile China recovery – Business & Finance

SYDNEY: Asia’s factory activity weakened in December, portending a shaky start for the region’s manufacturing powerhouses in 2024 as China’s patchy economic recovery impeded a broader revival in demand.

A range of purchasing managers’ indexes (PMIs) published by S&P Global on Tuesday showed factory activity continuing to decline in most Asian economies at the end of last year and…