malaysiakini logo
ADS
story-image
mk-logo
News
Pandemic slams Asia's factories, activity hits financial-crisis lows
ADS

CORONAVIRUS | Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand.

A series of Purchasing Managers' Indexes (PMIs) from IHS Markit fell deeper into contraction from March, with some diving to all-time lows and others hitting levels last seen during the 2008-2009 global financial crisis.

Similar gauges out of Europe's largest economies due on Monday and later in the week are also expected to show dire...


Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Already subscribed? Sign In

Unlock 7 stories for free

By submitting my information, I am agreeing to the terms and conditions

or
Subscribe Now to Enjoy Unlimited Access
View Comments