China Factory Gauge Shrinks to 3-Year Low

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  • China rate cuts since November are struggling to find traction
  • French manufacturing also shrinks, as Germany beats forecasts

China Interventions Can't Hold Off PMI Contraction

China’s official factory gauge fell to the lowest level in three years as monetary easing failed to revive old growth drivers, while measures for the euro area signaled a divergence in the German and French economies.

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