Red Ponzi Reeling: Trump's Trade War Slams Export Orders

The production sub-index moderated 0.3pp to 53.0 and the new order sub-index was 0.2pp lower at 52.0. Trade indicators softened as well—the new export order sub-index fell to 48.0 from 49.4, and the imports sub-index declined 0.6pp to 48.5. Both indexes were at the weakest levels since February 2016. The employment sub-index fell 1.1pp to 48.3, and the suppliers' delivery times sub-index rose 0.1pp to 49.7 (higher suppliers' delivery times imply weaker demand conditions).

https://www.econmatters.com/2018/10/china-manufacturing-pmi-suffers-as.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+EconForecast+(EconMatters+Global+Preview+)

 

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