France avoids recession as economy returns to growth; China’s factory output drops – business live
Rolling coverage of the latest economic and financial newsChina manufacturing activity plummets amid Trump tariff warFactory activity across China contracted at the fastest pace in 16 months in April, a factory survey shows today, highlighting the economic impact from US President Donald Trump’s trade war.China’s official manufacturing purchasing managers’ index has dropped to 49, the weakest level since December 2023, down from 50.5 in March.“The sharp drop in the PMIs likely overstates the impact of tariffs due to negative sentiment effects, but it still suggests that China’s economy is coming under pressure as external demand cools.”“Although the government is stepping up fiscal support, this is unlikely to fully offset the drag, and we expect the economy to expand just 3.5% this year.” Continue reading...
Rolling coverage of the latest economic and financial news
Factory activity across China contracted at the fastest pace in 16 months in April, a factory survey shows today, highlighting the economic impact from US President Donald Trump’s trade war.
China’s official manufacturing purchasing managers’ index has dropped to 49, the weakest level since December 2023, down from 50.5 in March.
“The sharp drop in the PMIs likely overstates the impact of tariffs due to negative sentiment effects, but it still suggests that China’s economy is coming under pressure as external demand cools.”
“Although the government is stepping up fiscal support, this is unlikely to fully offset the drag, and we expect the economy to expand just 3.5% this year.” Continue reading...
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