LONDON/TOKYO (Reuters) – Manufacturing activity in Asia’s industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output expanded across Asia following months of decline in its two biggest economies, as massive stimulus packages from the authorities in Beijing and Tokyo begin to take effect.
Published in TZ Latest News 1 July, 2014 by The TZ Newswire Staff
Asian stimulus boosts factories, euro zone still lags
Published in TZ Latest News 1 July, 2014 by The TZ Newswire Staff
Asian stimulus boosts factories, euro zone still lags
LONDON/TOKYO (Reuters) – Manufacturing activity in Asia’s industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output expanded across Asia following months of decline in its two biggest economies, as massive stimulus packages from the authorities in Beijing and Tokyo begin to take effect.