Economics
Global Trade’s ‘New Normal’ Is Denting Manufacturers’ Confidence
- Caixin Factory PMI for China weakens as export orders decline
- Momentum in euro area falls to lowest in almost two years
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Factories from Asia to Europe are staring into the unknown when it comes to trade, and it’s unnerving them.
Surveys of purchasing managers from around the world showed confidence at manufacturers is continuing to weaken. China’s outlook is “lackluster” and Germany and Italy also saw the mood darken.