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Asia’s green shoots? Factory output rebounds but outlook dims – Aljazeera.com

High numbers of new coronavirus infections in the US and elsewhere could keep Asian exports depressed, analysts say.

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Asian factories continued to shake off the coronavirus gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, data released on Tuesday showed, reducing pressure on policymakers to take bolder steps to avert a deeper recession.
Manufacturing activity in China expanded at the fastest clip in nearly 10 years in August, as factories ramped up output to meet rebounding demand, a private survey showed. New export orders rose for the first time this year.
Th…

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