Friday, May 03, 2019

At least we don't pay attention to the rest of the world.

I guess psychology IS everything.

Purchasing Managers Index (PMI), manufacturing by country: the latest data.

Large countries in actual manufacturing contraction.

Canada - reading 49.70
Germany - reading 44.40
Hong Kong - reading 48.00
Japan - reading 49.50

Large countries kissing manufacturing contraction.

Australia -reading 50.90
China - reading 50.20
France - reading 50.00
Singapore - reading 50.80

Most of the world is either at, or near contraction. And we aren't far behind at 52.60.

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