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China's manufacturing growth hits 14-month low as trade war bites - business live

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All the day’s economic and financial news, including new healthchecks on the world’s factoriesIntroduction: China’s factory PMI has fallen again
Economists blame trade war
Turkey’s factories hit by lira crisis 9.02am BST Economics consultancy Pantheon blame the US tariffs for the slowdown in China’s factories last month."China’s Caixin manufacturing PMI signals trade tariff damage" @freyabeamish @mc_economist #PantheonMacro 8.46am BST In another blow, Turkey’s inflation rate has surged as the slump in the lira hits consumers.Prices rose by a painful 17.9% in August, up from 15.9% in July. That’s the highest level since 2003, and shows that the Turkish currency crisis is causing real damage.Turkish consumer inflation jumped more than 2% in August to 17.9% -- the highest since the end of 2003. Producer prices, meanwhile, rose 6.6% for the month. #Turkey Continue reading...

Source link : https://www.theguardian.com/business/live/2018/sep/03/china-manufacturing-growth-falls-uk-factory-pmi-business-live
Author : Graeme Wearden
Publish date : 2018-09-03 08:02:00
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