While you were sleeping Manufacturing disappoints

Mon, 03 Feb 2014

By Margreet Dietz Feb 4 (BusinessDesk) – Equities declined on both sides of the Atlantic, continuing the trend of January, as data showed that China’s manufacturing fell last month, while US manufacturing activity grew at the slowest pace in eight months, fuelling concern about global growth. The US Institute for Supply Management’s factory index dropped to 51.3 in January, from 56.5 in December. China’s purchasing managers’ index fell to 50.5 in January, from 51 in December. American car makers did not provide positive news either. Ford and...

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