An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. Picture taken May 17, 2020. China Daily via REUTERS/File Photo Acquire Licensing Rights
- Euro zone factory downturn eased in November
- China’s private PMI unexpectedly expands in November
- Manufacturing activity slumps in Japan, steadies in S. Korea
- Soft global demand clouds outlook for Asia’s fragile recovery
LONDON/TOKYO, Dec 1 (Reuters) – Global manufacturing activity remained weak in November on soft demand, surveys showed on Friday, as euro zone factory activity kept contracting, while there were mixed signs on the strength of China’s economy.
To rein in steep inflation, central banks have aggressively raised interest rates but those hikes have largely come to an end as policymakers look instead to cushioning the blow on their economies.
In the 20-member…
