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Economics

World Factory Outlook Darkens With Weakening From Europe to Asia

  • South Korea, Taiwan PMIs fell as China’s gauge slipped
  • Indexes fall in all four largest euro-area economies
Updated on

European factory activity plunged and Asian manufacturing output continued to weaken in July amid lingering supply-chain complications and a slowing global economy.

Purchasing managers’ indexes for the euro area’s four largest members all indicated contraction, with shrinking confirmed for the region as a whole after an initial estimate on July 22. In Asia, it was China, South Korea and Taiwan that took the biggest hit.