Manufacturing Slows From Europe to China on Trade Risks: Economy

Manufacturing activity slowed in the euro area and China as rising political tensions threaten to weaken trade and damp the outlook for the global economy.

A preliminary Purchasing Managers Index for the manufacturing industry in the euro area fell to 50.8 from 51.8 in July, London-based Markit Economics said today. That’s the lowest level in 13 months and less than the 51.3 median estimate in a Bloomberg News survey. In China, a similar gauge from HSBC Holdings Plc and Markit dropped to 50.3 from 51.7, trailing all forecasts in a separate survey. Readings above 50 indicate expansion.