Global manufacturing is experiencing its sharpest and most geographically widespread downturn in at least six years, as the US-China trade war weighs on factories around the world.
The manufacturing slowdown is the main factor dragging on the global economy, fuelling fears that growth is stalling and ramping up pressure on governments and central banks to ready fresh stimulus efforts.
The gloom is centred on the car industry. Activity across car producers globally reached a near-record low in August, according to a widely watched sentiment survey published on Monday.
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