Japan's factory output surges to near 12-year high in July, PMI shows

Channel NewsAsia (CNA)State / PublicCenter4 hr. ago

South Korea's factory activity accelerated in July due to increased export demand, according to the Purchasing Managers Index (PMI) released by S&P Global. The PMI rose to 53.1 in July from 52.1 in June, remaining above the 50 threshold indicating growth for the eighth consecutive month. Expansion was particularly notable in output and new orders, with new export orders increasing for the first time in three months at the fastest rate since April 2021. Economists highlighted strong performance in the semiconductor and automotive industries. South Korea's economic growth outpaced expectations in the second quarter, fueled by a surge in semiconductor exports despite a drop in construction investment.

Bias read (Center): The article reports on economic indicators and does not present any political opinions, framing, or biased language. It focuses on statistical data and expert commentary without leaning toward any specific political perspective.

Channel NewsAsia (CNA)State / PublicCenter4 hr. ago

Japan's manufacturing sector experienced significant growth in July, reaching its fastest expansion in over 12 years, driven by increased demand for semiconductors and AI-related products. The S&P Global Japan Manufacturing PMI stood at 54.5, indicating continued expansion for the seventh consecutive month. New orders surged to their highest level since January 2022, with notable increases in international orders from Asia and the U.S. While input cost inflation slowed, manufacturers still faced rising costs due to the Middle East conflict, leading to sharper price hikes. Companies also increased purchasing activity to mitigate supply chain risks, contributing to overall sector performance. Business confidence reached a four-month high, with expectations of sustained demand, especially in semiconductor production.

Bias read (Center): The article provides factual economic data without overtly favoring any political stance. It focuses on manufacturing trends, PMI readings, and market dynamics, which are primarily economic indicators rather than politically charged topics. There is no evident framing that leans toward either side,