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Asia’s Factories Struggle Amid US Demand Decline

11/3/2025

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Summary

Story summary

In October, Asia's major manufacturing hubs faced slower activity due to weak United States demand and tariffs under United States President Donald Trump.
China’s factory activity fell for the seventh consecutive month.
India’s factory activity increased on strong domestic demand.
China’s exports rose in new markets.
United States–bound shipments fell 27% year-on-year.

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Story summary

In October, Asia's major manufacturing hubs faced slower activity due to weak United States demand and tariffs under United States President Donald Trump.
China’s factory activity fell for the seventh consecutive month.
India’s factory activity increased on strong domestic demand.
China’s exports rose in new markets.
United States–bound shipments fell 27% year-on-year.