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Asia Manufacturing Activity Holds Up Even as China PMIs Cool

“Asian industry looks likely to remain strong in the near term, helping economic recoveries to stay on track,” Capital Economics’ Asia economist Alex Holmes wrote after the data. “Buoyant global demand for electronics – a key driver of strong industrial output – will probably fade slightly further ahead, as the virus is suppressed by vaccination and some consumer spending switches back to services. But this will be gradual and is unlikely to happen for a few months.”
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