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Global manufacturing is slowing, with US activity at decade low

Global manufacturing is slowing, with US activity at decade low

Publicerat av Tony Harkén onsdag, 02 oktober 2019.

Signals from around the globe portend mounting headwinds for industry as US-China trade war drags on.

Warning signs of a slowdown in the global economy have been flashing for months as the 15-month-long trade war between the United States and China drags on.

On Tuesday, more sobering signals surfaced as data on manufacturing from around the globe underscored how decelerating exports and rising business uncertainty in the wake of deepening trade and political turmoil are presenting ever stronger headwinds for major economies.

Factory activity in the US hit a ten-year low in September, the Institute for Supply Management (ISM) said in a report released on Tuesday. Analysts had been expecting a rebound in September, after August marked the first time in three years that US manufacturing activity had contracted.

Read more at – ALJAZEERA

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