Factory output contracted in China and UK final month,while growth slowed in other major economies including USChina’s factories has stumbled through final month’s new year celebrations to join a wide decline in manufacturing across Europe and the US, adding further evidence of sharp downturn in the global economy since the beginning of the year.
Factory output contracted in China and the UK during February while growth slowed in France, and Germany,Italy and the US to indicate that businesses and consumers remain wary of committing themselves to large orders while the direction of global trade remains uncertain.[br]Continue reading...
Source: theguardian.com