slower demand for consumer goods, rising borrowing costs and constant talk of a global recession, have not gone unnoticed by the manufacturing sector, which is currently experiencing acute challenges balancing supply and avoiding over production. january data from many of the world s key economies will be unveiled later giving the earliest signs of how the global economy is faring. many economists will be looking for risks of recession and any pricing trends. fhaheen khan is senior economist with make uk the manufacturers organisation that represents 20,000 companies of all sizes. good to have you on the programme. wejust heard good to have you on the programme. we just heard from japan and you said many countries are coming out with pmi data say showing that the manufacturing shrank for a third row that make months in a row injapan. export third row that make months in a row in japan. export weakness is seen as persistent at the moment and that is the concern, isn t it, righ
the full effect of higher rates has yet to be felt but households and businesses are coping. for now. plus ripe for transformation. how developments in al are starting to bear fruit in the push for more sustainable agriculture. we are looking at the top business stories. we start in beijing where china s president, xijinping is hosting european union leaders for their first in person summit meeting since 2019. and there is one huge number that is looming over the talks. 400 billion euros. that s roughly the size of china s trade surplus with the eu the difference between what they sell to europe, and what europe sells to china. european commission president ursula von der leyen says it s because of china s unfair support for its industries which means its products are flooding global markets and threaten to undermine europe s industrial base. china says the complaint doesn t make sense when the eu stops it from buying certain sensitive technology such as advanced ch
these are all rowdy friends. n the only normal people ink you new york. thank you all for coming. now, tonight, illegaall fol i immigrants. they are literally thanking your presidentrants arking you,n as senate democrats are now poised to abandon ukraine, all in a desperate bid to stop a border security bill froborde. law. now we will reveal the extreme measuresg to some democrats are willing to take in order to keep your southern border wide open. plus, the far left, you know, riot at america s onceonce p prestigious universities like lid. r we have a young kid from harvard and in the studio audience. it is now worse than ever now, three pompous college presidents. they just testified that threats of or calls for global islamic war are no big deal depending on the context. depeg on thebut don t dare say nice about donald trump on a college campus because you will likelcampusy get kickef that campus. now, right on cue, you have the privileg cuee college studes from harvard
thatis means wages are being paid and that is a really important factor of economic stability. but most businesses are focused on the short term. on the short term. focusing on consumers on the short term. focusing on consumers for on the short term. focusing on consumers for a on the short term. focusing on consumers for a moment, - on the short term. focusing on i consumers for a moment, looking at retail sales are off a bit but i wonder how people are paying for this stuff? when you look at things like savings, credit cards, balances, what is the picture there and what does it mean for the wider economy? it is interesting. you see things like subscription levels being adjusted, through our debit card spending for example we have seen people changing where they spend their money so maybe instead of spending it at a higher supermarket they will go to a low supermarket cost point. we see those adjustments in spending interestingly in q3 in spending interestingly in 03 last year