Global factory activity rebounds in August amid AI hardware demand
Surveys showed global factory activity improved in August, with Asian factories kept busy by surging AI hardware demand and Europe’s new orders rebounding higher, despite uncertainty tied to the prolonged U.S.-Iran war.
By Jonathan Cable and Leika KiharaGlobal factory activity was humming last month as surging demand for AI hardware kept Asian factories busy while new orders in Europe bounced higher, brightening prospects even as the prolonged U.S.-Iran war fuels uncertainty, surveys showed on Tuesday.Growth in th…