China's trade dispute with the US is beginning to hurt its manufacturing sector as reflected in two indices. The Markit Manufacturing Purchasing Managers' Index (PMI) fell for a second consecutive month and hit 49.0 last month, down from 50.1 in July. Sep 30 2018, 7:05 AMOct 01 2018, 12:28 PMSeptember 30 2018, 7:05 AMOctober 01 2018, 12:28 PM In addition, new export orders in the manufacturing PMI fell for the fourth-straight month, to 48, the lowest reading since 2016, and reflects the impact of the US-China trade war on China's manufacturing exports, according to economist Rajiv Biswas.
China's trade dispute with the US is beginning to hurt its manufacturing sector as reflected in two indices. The Markit Manufacturing Purchasing Managers' Index (PMI) fell for a second consecutive month and hit 49.0 last month, down from 50.1 in July. In addition, new export orders in the manufacturing PMI fell for the fourth-straight month, to 48, the lowest reading since 2016, and reflects the impact of the US-China trade war on China's manufacturing exports, according to economist Rajiv Biswas.