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Asia’s manufacturing still going strong

Asia’s manufacturing still going strong

Asia-manufacturing-still-going-strong

March proved another month of solid growth for factories across Asia, rounding off a strong quarter for the world’s manufacturers, even as exporters fear a rise in US protectionism could crush global trade recovery.

China again led the way, with an official manufacturing index expanding at the fastest pace in nearly five years, while factory surveys in April showed encouraging growth as well in Japan, India and much of emerging Asia.

Higher commodities prices and a global thirst for electronic gadgets have helped boost the value of exports, but many countries are reporting stronger sales volumes as well, even as the US administration starts to flex its muscles on trade.