Global Manufacturing Struggles Amid Weak Demand: China's Factory Activity Contracts, Eurozone Sees Declines, and Hong Kong Retail Suffers
China's manufacturing activity contracted for the first time in 9 months, with declining new orders impacting investment. To stimulate consumption, China allocated 150 billion yuan from special bonds.
In Europe, the Eurozone manufacturing PMI remained below the growth mark, with Germany and France experiencing significant declines. Meanwhile, Hong Kong's retail sales fell for the fourth consecutive month despite efforts to boost the sector.
Challenges persist in global manufacturing due to geopolitical risks, supply chain disruptions, and shipping issues.
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