China and Ja­pan post weak data

Los Angeles Times - - BUSINESS -

China and Ja­pan re­ported gloomy industrial data, adding to pres­sure on lead­ers of the world’s sec­on­dand third-largest economies to launch new stim­u­lus.

Two sur­veys showed Chi­nese man­u­fac­tur­ing was weak in Fe­bru­ary and em­ploy­ers cut more jobs. In Ja­pan, a cen­tral bank sur­vey found com­pa­nies ex­pect con­di­tions to de­te­ri­o­rate and plan to cut in­vest­ment.

The lat­est data muddy the global out­look at a time when the U.S. is the only ma­jor econ­omy to show signs of healthy mo­men­tum.

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