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Asia factory activity tumbles on supply, weaker demand

ASIA’S factories continued to report weakening activity in July amid lingering supply chain complications and a slowing global economy. Purchasing managers’ indexes for South Korea and Taiwan took the biggest hit, according to S&P Global. South Korea’s July PMI slumped to 49.8 from 51.3 in June, its lowest reading since September 2020. New orders contracted and […]

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