Tuesday, 1 September 2015

Manufacturing data makes the global growth picture clear

China was the first domino and the rest followed

Only a couple are left standing above the crowd after the run of manufacturing data today
Today's numbers are perfect indicator for the state of global growth right now. There's very few bright spots. China led the way first thing and by and large it's been the same pattern across the board. That's all helped heap more pressure on global markets and what's different to last week is that the finger isn't just pointing at China now
The Eurozone comes out of it virtually unscathed, on an overall view, with Germany looking to prop up the rest. But how long can they avoid catching the same cold that seems to be spreading
Today's manufacturing PMI's (last two are China, the other's country codes are the two letters before MA, ie MPMGBMA is UK)
We don't stop there though and the US is next to give their latest manufacturing figures. We have both the Markit and larger ISM PMI's later

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