Turkish factory activity grows for 10th straight month in December

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It was a positive end for the Vietnamese manufacturing sector in 2017 with the Manufacturing Purchasing Managers' Index (PMI) rising to 52.5 in December from November's 51.4, according to the latest survey from Nikkei's IHS Markit that released on Tuesday.

Despite reports of subdued demand conditions, companies raised hiring to meet production requirements although at a slower rate than the previous month.

"Panellists commented on reduced volumes of new business". Furthermore, the rate of growth quickened to the sharpest since October 2016.

China's slowdown means that for the rest of Asia, the pace of rate increases is unlikely to match that of the U.S. Federal Reserve, which is seen hiking 2-3 times in 2018.

China's manufacturing sector continued to expand in December, pointing to economic resilience in the country's factory sector.

Output expanded at the same pace as in August, matching the highest monthly rate of the year, with companies citing improved sales and stronger underlying market demand as key sources of economic growth.

Iran restricts social media networks used by protesters
Government officials have said the protests are part of a wider attempt by Rouhani's opponents to discredit his leadership. US President Donald Trump weighed in on the protests, saying "oppressive regimes can not endure forever".

"We believe a moderate growth slowdown to be more visible in the first half of 2018, especially on the investment front, due mainly to the tight financial conditions and a cooldown of the property market", BofA Merrill Lynch economists said.

Chinese steelmakers in 28 cities have been ordered to curb output between mid-November and mid-March, while a campaign to promote cleaner energy by converting coal to natural gas has also hampered manufacturing activity in some cities, leading to shortages and sending prices spiking.

Higher prices for raw materials such as steel and other metals pushed up input costs in December, and this in turn led to another push up in prices charged by manufacturers, the data showed. "As consumer spending recuperates, firms were restricted in their ability to pass on higher cost burdens to clients which further placed upward pressure on firms' margins".

"Challenges remain as the economy adjusts to recent shocks, but the overall upturn was robust compared to the trend observed for the survey history", Dodhia said.

"This outlook was shared by the manufacturing community as sentiment picked-up to the strongest in three months amid expected improvements in market conditions over the next 12 months", Dodhia said.