ECB president Christine Lagarde. Photo: Reuters
©Reuters
Worries over future US tariffs are clouding the outlook for factories across much of America, Asia and Europe, according to new surveys, which also showed some were able to shrug off the uncertainty and keep growing.
Among the bright spots, Japan’s manufacturing read-out showed growth for the first time in 13 months, South Korea’s activity contracted at a milder pace and China’s Caixin PMI index also expanded in June – confounding an official survey that showed activity shrinking for a third straight month.
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