(Reuters] – European stock markets fell over 1% after Wall Street’s overnight losses. Factory data from Asia highlighted concerns about slowing economic growth, rising inflation and a lack of transparency.

By 0600 GMT, futures that tracked Europe’s top 50 companies were 1.3% lower. The futures for the UK fell 0.9%, while those of Germany lost 1.1%.

According to data, Asia’s manufacturing activity declined in September due to signs of slower Chinese growth and the effects of the coronavirus pandemic on its economies.

Later in the day will see release of data on manufacturing activity and inflation for Europe, U.S. and euro zones. Investors look to find clues about monetary policy outlook as major central bankers have warned against high inflation.

European stocks ended September with losses 3.4%. It was the worst month in nearly a year. From its record-setting levels in mid August, the benchmark fell almost 4.5%.