JAKARTA: North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession.
Factories in South Korea and Taiwan saw activity contract last month, according to surveys published Tuesday by S&P Global. Manufacturing purchasing managers’ indexes for those two economies registered readings of 48.1 and 47.1, respectively — each below the 50-mark that separates expansion from contraction.
