Manufacturing slump heightens global economic gloom – business live

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Shares sell off after US manufacturing activity tumbles to lowest in over a decade

Iaroslav Shelepko and Akash Utsav, economists at Barclays, have sent us their thoughts. The US ISM extended its decline, plunging from multi-year highs to lows in just 13 months, with the global trade slowdown largely spurring the sentiment decline.

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