Asia's factory activity hit by global uncertainty

By Reuters

Oct 02, 2024 12:25 am

TOKYO — Asia's factory activity weakened in September as soft Chinese demand and global economic uncertainty pointed to a challenging outlook, private sector surveys showed, keeping policymakers under pressure to shore up fragile growth.

The region's manufacturers may get some relief in coming months from aggressive stimulus unveiled by Chinese authorities over the past week, including a lowering of interest rates and injection of liquidity into the banking system.

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