Global Factory Slowdown: A Cross-Continent Manufacturing Slump

Factory activity in Asia, Europe, and the U.S. faced a downturn at the end of 2024 due to trade risks and economic instability. The euro zone, U.S., and major Asian economies like China and South Korea all reported decreased manufacturing output, amid concerns of tariffs and economic slowing.

Factory activity across Asia, Europe, and the U.S. closed 2024 on a weak note as trade uncertainties loomed. The prospect of a second Donald Trump presidency and China's fragile recovery heightened economic concerns.

The euro zone experienced an intensified manufacturing slowdown, with Germany, France, and Italy struggling against a prolonged industrial recession. Meanwhile, China's factory output underperformed expectations, despite the government's policy support aimed at boosting growth.

In the U.S., manufacturing activity contracted for a sixth consecutive month. Tariff threats under President-elect Trump added to the industry's challenges, affecting exports and fueling a generalized economic caution worldwide.

(With inputs from agencies.)