The world's factories are stalling as tariff pain spreads

The world’s manufacturing powerhouses sent a simple message on Monday: They’re in the doldrums and could be there for a while.

A day after the U.S. and China put more tariffs on each other, key gauges for activity in August across Asia and Europe confirmed the trade war’s deepening bite.

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Manufacturing purchasing manager indexes for Japan, South Korea and Taiwan remained in negative territory. India’s factory gauge slid to its weakest in more than a year. Indonesia’s slipped to its lowest since July 2017 and the Philippines, Thailand, and Myanmar all expanded more slowly. Figures for the euro-area, U.K. and South Africa are similarly bleak.

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