Economics
Commodities Cap Another Dismal Year as 2019 Offers Tough Test
- Raw materials head for 12% tumble this year on risks to growth
- Manufacturing in China shrank this month amid U.S. trade war
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Commodities had another poor year in 2018, hurt by substantial losses in energy and base metals, and raw materials will head into January burdened by concerns global economic growth is poised to slow.
The Bloomberg Commodity Index, a gauge of returns on 22 raw material futures, is heading for a 12 percent drop this year after hitting the lowest since April 2016 earlier this month. It’ll be the seventh annual fall in 11 years.