GLOBAL ECONOMY-Weak demand hits factory activity across Asia, Europe

miércoles 1 de octubre de 2014 11:43 GYT
 

* Euro zone factory PMI falls to 14-month low

* China flat, India expands at slowest pace this year

* US manufacturing expands at slower pace

By Sumanta Dey and Wayne Cole

BANGALORE/LONDON/NEW YORK, Oct 1 (Reuters) - Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth in the months ahead.

China's manufacturing sector barely expanded, while Britain's slumped, and the drop in new orders did not even spare Germany, the strongest member of the euro zone currency bloc, or France, its No. 2 economy.

Euro zone factories' final September purchasing managers' index from private data vendor Markit was 50.3, down from 50.7 in August, and its lowest reading since July last year, as new orders contracted for the first time in more than a year.

"It is very hard to put any positive spin on the September PMI survey and contracting new orders do not bode well for manufacturing output in the fourth quarter," said IHS Global Insight economist, Howard Archer.

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