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A private survey early in the day showed China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November.
On Thursday the government reported that the economy had deteriorated at a sharper pace in the last three months of 2008, but not by much.
The worries went well beyond China's immature stock markets: there were growing signs that the country's real economy was slowing at an even sharper pace than officials in Beijing had feared, awakening fears that the global economy was headed for a fresh crisis.
The Market Eurozone Purchasing Managers Index for services companies showed the euro zone economy contracted at a sharper pace in December, an indication the European Central Bank was likely to cut interest rates again early next year to prevent the economy from sliding deeper into recession.
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It added that manufacturing costs continued to fall at a sharp pace during December, due to declines in the prices of oil and other commodities.
Activity in the eurozone's services sector rose at the sharpest pace in five months, climbing to 51.7 in February from 51.6 in January.
One ponderous home raid was run back at sharp pace by Smith, only to be held up on the Sale line when a transfer left would have found Delon Armitage alone.
Italy's services sector shrunk at its sharpest pace for more than two years in September while Germany's service industries have slipped into contraction territory for the first time since July 2009.
Although businesses and others in 5 of the 12 Fed districts said the sharp pace of economic declines was tapering off, that does not mark much improvement since April, when the beige book noted that 5 of the 12 noted a similar moderation.
The flash post-referendum PMI report in July already suggested activity fell at the sharpest pace on record in the services sector, which makes up the lion's share of the UK economy and covers a wide range of businesses from hotels to insurance.
Although businesses and others in five of the 12 Fed districts said the sharp pace of economic decline was tapering off, that does not represent much improvement since April, when the beige book noted similar moderation in five of the 12 districts.
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