Truck shipping

Shortages, Shipments and Closures Hit Asian Factory Production | national news

Japan’s retail sales fell 4.1% much worse than expected in August from the previous month on weak demand for clothing and appliances.

Another sign of slowing activity, surveys of factory managers also showed a slowdown in Chinese manufacturing.

The Manufacturing Purchasing Managers Index, or PMI, fell to 49.6 in September from 50.1 in August on a scale of 0 to 100, where 50 marks the break between expansion and contraction.

The investigation was carried out before power shortages began to cause factories in parts of China to shut down.

The lowest readings were in energy-intensive areas such as chemicals and metals, Capital Economics’ Julian Evans-Pritchard said in a report.

“Survey respondents noted that material shortages and transportation delays always hampered production,” he said.

The growing demand for computers and other equipment for remote working has strained the supply of the microchips that run them.

Shortages of shipping containers and occasional port closures due to COVID-19 outbreaks have also caused bottlenecks in global supply chains.

“Ports in China and Southeast Asia are still suffering from the consequences of these earlier closures, with record queues of ships awaiting unloading,” Rabobank said in a report on the shipping industry. .


Source link