Asian factories are shaking off the gloom.
New figures Tuesday (September 1) showed manufacturing activity in China expanding at its fastest clip for nearly a decade.
The August Purchasing Mangers’ Index for the sector rose to 53.1, from July’s 52.8.
That was the strongest rate of expansion since January 2011.
Manufacturing activity also rose in Taiwan and Indonesia.
And India too, where factories got busier for the first time in five months as lockdowns eased.
Japan and South Korea did both see factory output contract again.
But it was the slowest pace of decline in six months, reinforcing suggestions that the region is past the worst.
Even so, many economists expect the recovery to be slow and feeble.
They fear new waves of infection could crimp activity, and prevent many nations from fully reopening their economies.
South Korea is already seeing a resurgence in domestic virus cases, potentially sapping economic activity again.
Other data Tuesday showed Japanese firms cut capital expenditure by the most in a decade in the second quarter, suggesting firms have little appetite to spend.
The country also faces added uncertainty after Prime Minister Shinzo Abe last week announced he was stepping down.