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Trade war

Manufacturers' confidence falls to record low as US-China trade spat worsens

July Purchasing Managers' Index survey shows export demand still expanding

Cars come together at an assembly line in South Korea in March. The Future Output Index for South Korea marked a 10-month low in July.   © Reuters

SINGAPORE -- Manufacturers in Asia feel less confident in their business outlook for the coming months as the trade dispute between the U.S. and China deteriorates, the latest Nikkei Purchasing Managers’ Index survey shows.

The monthly PMI survey asks companies in Asia about changes in output, orders and other business conditions compared with a month earlier. It also asks about their business outlook.

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