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China suffers seventh straight month of decline

According to a report, manufacturing activity all across the Asia shrank in the month of February as China suffers seventh straight month of decline.

asian factories (Copy)

Source

It is a blow to the policymakers, who were assuming an ease in cycle in a fresh effort to prompt the growth but business surveys from China to Indonesia has not showed any signs of reversing a weakening trend.

This has forced factories in the trade-reliant region to shed more jobs and cut prices and this move could worsen a global disinflationary trend.
The surveys of manufacturing output from other nation are expected to get released today.

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Parul Srivastava

She likes to express herself through her write-ups. She doesn’t believe in doing different things but she enjoy doing things differently.
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