Economics
Factory Floors Keep Global Economy Chugging Along Amid Virus Hit
- South Korean, Chinese PMI gauges hit highest levels in years
- But consumer goods demand is weak amid lockdown measures
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The world’s factories are powering along, providing vital support for economies as renewed virus restrictions in some countries take a toll on growth.
Indexes of manufacturing activity in the U.S., China and parts of Asia improved in November, and Germany saw solid expansion, according to reports on Tuesday. In South Korea, a bellwether for global trade, exports rose 4%, supported by surging demand for tech devices.