Factory Slowdown Strengthens Concerns About Global Recession

Factory Slowdown Strengthens Concerns About Global Recession
A worker assembles a vehicle at the Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, on March 16, 2021. Andreas Gebert/Reuters
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A slowdown in factory growth across the United States, Europe, and Asia is strengthening fears of a global recession.

“June PMI survey data showed the eurozone manufacturing economy ending the second quarter on a low as production levels fell for the first time in two years,” S&P Global said in a July 1 press release (pdf). “Total new business intakes and export orders both declined, while business confidence slid to a 25-month low.”
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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