Economics
China Leads Slump in Asia Factories, Euro-Area Growth Cools
- Global export growth tipped to slow further through 2019
- Italy’s economy may be slipping closer to another recession
This article is for subscribers only.
Factory conditions across Asia’s most export-oriented economies slumped in December amid a U.S.-China trade war and a fading technology boom, while momentum in the euro region also weakened.
A Chinese manufacturing gauge is signaling contraction for the first time since mid-2017, while measures for Taiwan, Malaysia and export bellwether South Korea also point to declines in activity. Factory growth in the euro zone fell to the lowest in almost three years.