Major factory economies struggled to gain any real pace in October as US tariffs drag on

The world’s major factory economies struggled to gain any real pace in October, with new global orders hit by weaker US demand and yet another wave of tariff noise from ￰0￱ picture came out clearly from fresh business surveys published on ￰1￱ suggested that big manufacturing nations in Europe and Asia were operating with much less confidence than they would have hoped for towards the end of the ￰2￱ the euro zone, factory output barely moved as new orders were flat and many plants cut staff as work thinned ￰3￱ , usually the region’s engine of goods production, struggled once ￰4￱ groups said engineering orders plunged in September, leaving firms in a sour mood heading into ￰5￱ were still waiting for any sign that foreign buyers might return in force, but those signs did not show up in this latest round of ￰6￱ buyers not placing enough orders as US tariffs bite France’s producers also had a weak month, and Italy posted a small ￰7￱ only bright spot among the euro area’s bigger players was Spain, where factories managed to expand faster than in ￰8￱ economist warned that the headline figures hid a deeper problem: overseas buyers were simply not placing enough orders to keep plants busy at normal ￰9￱ Britain, factories enjoyed their best monthly reading in a year.

However, people in the sector said this rebound could be short-lived because most of the jump came from a single event, the return of production at Jaguar Land Rover after a cyberattack shut down some of its ￰10￱ Asia, there were glimmers of progress from a political point of ￰11￱ President Donald Trump travelled through the region last week and struck a more polite tone than usual in meetings with China and South Korea, where some minor agreements were signed, including a one-year delay to some reciprocal ￰12￱ so, exporters in those countries remain cautious and do not yet trust that US demand will recover in the way they need. China’s private-sector index showed slower manufacturing growth in October, with export orders falling again, and South Korea saw actual declines.

China’s official factory survey, published on Friday, showed a seventh month of ￰13￱ say this was proof that the rush to ship goods early, before tariffs were raised previously, has faded ￰14￱ economist said China’s slowdown might reverse a little in the short run as firms adjust, but any gains were likely to be modest because the trade deal achieved so far was narrow and did not resolve the deeper US-China ￰15￱ leaders are watching the numbers closely because the country’s official target is still about 5% growth in ￰16￱ get there without pumping new stimulus into the system, Beijing needs steady foreign demand, and that is exactly what has been missing.

Yes, new export markets have opened, and September goods shipments rose faster than expected as producers found new buyers elsewhere, not because US demand improved. US-bound exports actually fell by more than a quarter compared with the same month last ￰17￱ Korea also reached a tariff agreement with Washington, but local industry groups called it more of a hedge than a ￰18￱ said it merely prevented Korean goods from losing ground in the global race for ￰19￱ one trade official put it, the deal kept the status quo rather than lifting ￰20￱ India posted faster overall factory growth in October, supported by local buyers, helping offset lost export ￰21￱ and Taiwan stayed ￰22￱ and Indonesia managed to pick up the ￰23￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.