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Tuesday, September 01, 2015

China manufacturing contracts, Korea exports slump as Asia's woes deepen

China manufacturing contracts, Korea exports slump as Asia's woes deepen
| Reuters


China's giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing expectations that policymakers will need to ease policy further.
Manufacturers across Asia struggled last month, a series of surveys showed, denting hopes of a pick-up in the second half of the year as the region tries to fire its traditional growth engine of exports.
The Chinese government's measure of manufacturing showed activity contracted at the fastest pace in three years, while a survey by Markit, which focuses more on smaller, private firms, showed the factory sector's weakest performance in 6-1/2 years.

No amount of money injection can fix this. keep an eye overhead...

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