PMI data shows excess supply and insufficient demand in vast manufacturing sector with prices and output fallingThe risk of global deflation looms large for 2015 as surveys of China’s mammoth manufacturing sector showed excess supply and insufficient demand in January drove down prices and production.While the pulse of activity was livelier in Japan, India and South Korea, they shared a common condition of slowing inflation. Related: Greek finance minister meets George Osborne to discuss debt deal – live updates Continue reading...
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