Current Affairs Global - 1 September 2014

1. Manufacturing growth in the eurozone dropped to 13-month low in August as the Markit compiled Purchasing Managers' Index (PMI) for manufacturing sector dropped to 50.7 in August compared to 51.8 in July. Any reading higher than 50 indicates growth. PMI dropped for two largest economies in euro zone; the factory PMI for Germany dropped to an 11-month low of 51.4 while for France it dropped to 46.9 in the same month.


Now the entire region will wait for the European Central Bank (ECB) meeting scheduled to be held on Thursday for further direction. ECB has to take some necessary steps to boost growth and remove fear of possible deflation.


2. Manufacturing growth in the China dropped marginally in August as the Purchasing Managers' Index (PMI) for manufacturing sector dropped to 51.1 in August compared to 51.7 in July, as per the data published by the National Bureau of Statistics. Any reading higher than 50 indicates growth. Drop in manufacturing activity raises concern about the world-s second largest economy.


3. Carolina Marin became the first from Spain to win World Badminton Championship on 31st August at the World Badminton Championship held in Copenhagen, Denmark. Carolina won women-s singles titles by defeating world number one Li Xuerui of china while China-s Chen Long won the men-s singles titles of the World Badminton Championships.