Sep 30 2018, 7:05 AMOct 01 2018, 12:28 PMSeptember 30 2018, 7:05 AMOctober 01 2018, 12:28 PM
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.