China manufacturing contracts, euro zone and U.S. slows


Employee works on an assembly line producing Mercedes-Benz cars at a factory of Beijing Benz Automotive Co. in Beijing Markit’s final manufacturing PMI for the euro zone was 52.3 last month, down from 52.43 in July, though it has been above the 50 mark that separates growth from contraction for over two years.

Tuesday’s disappointing readings come almost half a year after the ECB began pumping 60 billion euros a month of fresh cash into the economy and a day after official data showed inflation in the 19-country bloc at just 0.2 percent.

In one bright spot, euro zone unemployment unexpectedly fell to its lowest level in more than three years in July, official data showed.

http://www.reuters.com/article/2015/09/01/us-global-economy-idUSKCN0R12XB20150901