"It is clear that economic momentum is slowing quickly and supply chain pressures are compounding this weakness," wrote Mitul Kotecha, chief emerging markets Asia and Europe strategist at TD Securities, in a Monday research note. "While we could see some relief for manufacturers in the months ahead, the supply crunch appears well entrenched."
mandag 1. november 2021
China's factories are still struggling with the energy crunch and supply woes
China's big factories just had their worst month since the Covid-19 pandemic began, underscoring the scale of the slowdown in the world's second largest economy and the supply challenges facing their customers. A government survey of manufacturing activity released over the weekend fell for a second straight month, down to 49.2 in October from September's 49.6. Any reading below 50 indicates contraction. Manufacturing in China has been battered by a handful of problems, including an energy crunch, shipping delays and rising inventories.
"It is clear that economic momentum is slowing quickly and supply chain pressures are compounding this weakness," wrote Mitul Kotecha, chief emerging markets Asia and Europe strategist at TD Securities, in a Monday research note. "While we could see some relief for manufacturers in the months ahead, the supply crunch appears well entrenched."
"It is clear that economic momentum is slowing quickly and supply chain pressures are compounding this weakness," wrote Mitul Kotecha, chief emerging markets Asia and Europe strategist at TD Securities, in a Monday research note. "While we could see some relief for manufacturers in the months ahead, the supply crunch appears well entrenched."
