TOKYO -- Global manufacturing indicators point to a slump in demand for goods at levels comparable to the 2008 financial crisis, as China's economy sputters and consumer spending shifts toward services.
70% of major economies show shrinking production as China flags

A goods demand shortage is hitting manufacturers worldwide, as China's economy sputters and consumers shift toward services. © Reuters
TOKYO -- Global manufacturing indicators point to a slump in demand for goods at levels comparable to the 2008 financial crisis, as China's economy sputters and consumer spending shifts toward services.