--- title: "亚洲制造业正感受到来自中东冲突的压力" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/285035557.md" description: "亚洲制造业正面临由于中东持续冲突引发的供应链中断而带来的重大压力。标普全球的采购经理人指数显示，尽管主要经济体的生产有所增加，但这主要是由于对短缺和成本上升的担忧而进行的囤货。冲突导致能源和商品价格飙升，影响了该地区的制造商。尽管订单有所增长，但由于不确定性持续，企业变得更加谨慎，分析师警告称，随着囤货效应的减弱，产出可能会出现下降" datetime: "2026-05-04T06:35:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285035557.md) - [en](https://longbridge.com/en/news/285035557.md) - [zh-HK](https://longbridge.com/zh-HK/news/285035557.md) --- # 亚洲制造业正感受到来自中东冲突的压力 By Kimberley Kao and Fabiana Negrin Ochoa Gauges of Asia factory activity showed more evidence of supply-chain disruptions from the Middle East war, with stockpiling buoying production as cost pressures intensify. S&P Global purchasing managers indexes released Monday showed that while production sped up in major economies last month, that was partly because of fears about shortages and higher prices as the conflict choked trade flows. Since the hostilities began in late February, prices of energy and other commodities have surged, weighing on economies in Asia--a region that relies heavily on the Middle East for oil, gas and critical inputs like fertilizers. The turmoil is squeezing manufacturers, driving up costs and weighing on sentiment. For now, the uncertainty is helping fuel orders in some economies as clients and producers alike rush to stockpile inventory, the S&P surveys indicated. Headline manufacturing PMIs rose in Taiwan, Japan and South Korea in April as anxiety over future supply-chain delays and price increases prompted more purchasing. Other factors contributed to the upswing in sales and output, including artificial-intelligence-related demand in Japan and Taiwan, and new product launches in South Korea. Still, businesses are turning more cautious as it remains unclear when the Middle East situation will be resolved and analysts warn that it will take time for markets to normalize. "The war contributed to the greatest disruption to supply chains since the Covid-19 pandemic," said Annabel Fiddes at S&P Global Market Intelligence. In April, Taiwan's manufacturing industry saw expenses rise at one of the fastest rates since the PMI survey began 22 years ago, she said. That was echoed in South Korea, where manufacturers reported record increases in cost burdens and charges. Input costs hit multiyear highs in Japan, Indonesia and Vietnam too, as raw materials became more expensive. Similar cost pressures were seen in India, where factory growth stayed sluggish--marking the second-slowest improvement in operating conditions in nearly four years. In Indonesia and Vietnam, the spike in costs came alongside a pullback in output, signaling higher vulnerability among emerging economies. New orders in Vietnam fell for the first time in eight months in April, and output will follow suit ahead unless the price and supply environment improves soon, said Andrew Harker at S&P Global Market Intelligence. Output has already contracted in Indonesia, and economists warn that manufacturing sectors elsewhere could follow suit once stockpiling tailwinds fade, even in countries benefiting from continued global demand for tech and AI exports. "How sales and output develop once this effect wears off over time will be central to the health of the sector in the months ahead," said Usamah Bhatti at S&P Global Market Intelligence. Write to Kimberley Kao at kimberley.kao@wsj.com and Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com (END) Dow Jones Newswires May 04, 2026 02:17 ET (06:17 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### 相关股票 - [OXY.US](https://longbridge.com/zh-CN/quote/OXY.US.md) - [IXC.US](https://longbridge.com/zh-CN/quote/IXC.US.md) - [ICOP.US](https://longbridge.com/zh-CN/quote/ICOP.US.md) - [COPJ.US](https://longbridge.com/zh-CN/quote/COPJ.US.md) - [PICK.US](https://longbridge.com/zh-CN/quote/PICK.US.md) - [USO.US](https://longbridge.com/zh-CN/quote/USO.US.md) - [OIH.US](https://longbridge.com/zh-CN/quote/OIH.US.md) - [XLE.US](https://longbridge.com/zh-CN/quote/XLE.US.md) - [XES.US](https://longbridge.com/zh-CN/quote/XES.US.md) - [IEO.US](https://longbridge.com/zh-CN/quote/IEO.US.md) - [CPER.US](https://longbridge.com/zh-CN/quote/CPER.US.md) - [XOP.US](https://longbridge.com/zh-CN/quote/XOP.US.md) - [VDE.US](https://longbridge.com/zh-CN/quote/VDE.US.md) - [COPP.US](https://longbridge.com/zh-CN/quote/COPP.US.md) - [UCO.US](https://longbridge.com/zh-CN/quote/UCO.US.md) - [DBC.US](https://longbridge.com/zh-CN/quote/DBC.US.md) - [CRAK.US](https://longbridge.com/zh-CN/quote/CRAK.US.md) - [SPGI.US](https://longbridge.com/zh-CN/quote/SPGI.US.md) ## 相关资讯与研究 - [金属市场——铜价因美伊和平谈判进展缓慢而回落](https://longbridge.com/zh-CN/news/287200106.md) - [操纵油价，特朗普有一套！](https://longbridge.com/zh-CN/news/287134089.md) - [三艘超级油轮突破封锁，成功穿越霍尔木兹海峡](https://longbridge.com/zh-CN/news/287110520.md) - [欧元区商业活动以 2023 年来最快步伐萎缩 油价飙升重创经济的担忧加剧](https://longbridge.com/zh-CN/news/287200475.md) - [期权热点｜周三 OXY 跌 3%，部分看跌期权飙升 433%](https://longbridge.com/zh-CN/news/287155575.md)