Business Standard

Asian factories shake off supply headaches but Omicron presents new risks

The newly detected Omicron coronavirus variant has emerged as a fresh worry for the region's policymakers, who are already grappling with the challenge of steering their economies out of the doldrums

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Photo: Bloomberg

Reuters
Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region's prospects for an early, sustained recovery from pandemic paralysis.

The newly detected Omicron coronavirus variant has emerged as a fresh worry for the region's policymakers, who are already grappling with the challenge of steering their economies out of the doldrums while trying to tame inflation amid rising commodity costs and parts shortages.

China's factory activity fell back into contraction in November, the private Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) showed on Wednesday, as soft demand and elevated

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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