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China's Factory Activity Contracts Less Than Expected Despite Iran War Disruptions
China's factory activity declined less severely than expected while staying in expansion territory. The performance comes amid supply chain disruptions and rising input costs linked to the Iran war. These factors are reverberating globally, according to reports.
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China's factory activity worsened less than forecast, remaining in expansion despite ongoing challenges, @business reported. The activity held in expansion territory even as global supply chains faced disruptions caused by the Iran war. Rising input costs, also attributed to the Iran war, contributed to the economic pressures.
These war-related disruptions and cost increases are reverberating around the world, impacting manufacturing sectors beyond China.
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