The JP Morgan global manufacturing PMI was 49.5 in August, down from 49.7 in July, signalling a deterioration of operating conditions for a second month in a row.
The fall rate, though modest, was the steepest since last December.
A factor underlying the weakness of demand and shift to inventory reduction was a sustained low level of business confidence.
The fall rate, though modest, was the steepest since last December.
A factor underlying the weakness of demand and shift to inventory reduction was a sustained low level of business confidence.
