Business News Asia
South Korea’s manufacturing sector contracted for the fifth consecutive month in November. The manufacturing purchasing managers’ index (PMI) rose to 49.0 in November from 48.2 in October, but the November reading was below 50 for the fifth consecutive month, with…
South Korea’s Ministry of Trade, Industry and Energy reported that exports fell the most in two and a half years in November, due to slowing demand in key global markets, particularly China, and a slowdown in the semiconductor industry. South…
Caixin/S&P Global survey results show that China’s manufacturing Purchasing Managers’ Index (PMI) fell in November due to the COVID-19 epidemic, which is causing a production freeze in the industrial sector. This also affects employment and economic growth in the fourth…
Automatic Data Processing Inc (ADP) announced that private sector employment increased by 127,000 in November, the lowest level since January and below expectations at 190,000 jobs, following an increase of 239,000 jobs in October. The service sector added 213,000 jobs…
The Department of Commerce has published its second estimate of gross domestic product (GDP) for the third quarter. According to this estimate, the economy grew by 2.9% in this quarter, exceeding the first estimate of 2.6% and analysts’ expectations of…
The Statistical Office of the European Union (Eurostat) released preliminary figures for the Eurozone consumer price index (CPI), which slowed to 10.0% year-on-year in November. The CPI increase in November was due to a slowdown in energy prices, which rose…
The General Statistics Office of Vietnam reported a projected value of foreign investment in Vietnam of over $25.1 billion for the January-November period, down 5% year-on-year. The report stated that in the first 11 months of this year, Vietnam approved…
India’s Department of Foreign Trade (DGFT) said Tuesday that the Indian government has lifted a ban on the export of organic non-basmati rice, including broken rice, imposed nearly three months ago. The lifting of the rice export ban comes after…
According to Japan’s Ministry of Economy, Trade and Industry (METI), industrial production in Japan fell for the second month in a row in October, mainly due to weaker external demand in the wake of the economic slowdown in China and…
According to the Office of Industrial Economics (OIE), the manufacturing production index (MPI) was 93.89 in October, down 3.71% from the same period last year. In the first 10 months of this year (Jan.-Oct.), the MPI index increased by an…
