Economy
November 4, 2018
Trade Worries Mute Global Manufacturing
Written by Sandy Williams
Global trade protectionism and political uncertainty weighed heavily on manufacturing in October. Manufacturing slowed to its lowest level in almost two years, according to the J.P. Morgan Global Manufacturing PMI. The headline index registered 52.1, down from 52.2 in September. Weaker increases in new business and a contraction of new export orders muted production growth during the month.
Export orders fell in China, South Korea, the UK, Taiwan, Brazil, Turkey, Indonesia, Poland and Thailand. New export orders in the U.S. were at near stagnation rates in October.
