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 official manufacturing (PMI) reached 50.8 for September, down from 51.3 in August, while the Caixin manufacturing PMI, which reflects sentiment among smaller, private firms fell to 50, from 50.6 the previous month, with 50 being the line between expansion and contraction. 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.