Global factory activity bounces in August on AI demand
Global manufacturing expanded in August as strong demand for artificial intelligence hardware boosted factories across Asia and Europe. The growth helped offset lingering economic uncertainties from the ongoing conflict in the Middle East.
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Global factory activity expanded in August as surging demand for artificial intelligence hardware drove Asian manufacturing and new orders rebounded in Europe. The gains persisted despite supply chain disruptions stemming from the ongoing conflict between the United States and Iran in the Middle East. The expansion underscores robust global demand for semiconductors, even as regional contractions surface in parts of southern Europe.
