While you were sleeping: China, US shoppers disappoint

Mon, 01 Dec 2014

By Margreet Dietz Dec. 2 (BusinessDesk) - Wall Street fell amid disappointing manufacturing data from China as well as Europe and after a report showed that the start of the US holiday sales season was weaker than expected. China’s manufacturing industry cooled in November, as the official purchasing managers index fell to 50.3, while the HSBC manufacturing PMI weakened to 50, a six-month low. “Today's data suggest that the manufacturing sector lost momentum and point to weaker economic activity in November," Hongbin Qu, chief economis...

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