We Just Got Disappointing Manufacturing Data From All Around The World
Everywhere was a miss
Workers manufacture cotton yarn at a factory in Dali county, Shaanxi province, China. Premier Li Keqiang has flagged the labor market as key, pledging last month to step in to support the economy if the slowdown hurts jobs and wages.
Nelson Ching/BloombergThis article is for subscribers only.
Manufacturing Purchasing Managers Indexes disappointed everywhere today.
Japan, China, France, Germany and the U.S. all had PMI reports out today that missed expectations. Japan, China and France had readings below 50, signifying contraction.