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