The Big Picture: Purchasing Power (less)
Author: The editor's desk
February 11, 2019
Source: Trading Economics, Bloomberg LP as of February 1, 2019. Based on Purchasing Managers’ Indexes (PMIs) from 13 economies. The U.S. Institute for Supply Management (ISM) Manufacturing PMI; The IHS Markit Eurozone Manufacturing PMI; The IHS Markit Canada Manufacturing PMI; The IHS Markit Germany Manufacturing PMI; The Nikkei India Manufacturing PMI; The IHS Markit Brazil Manufacturing PMI; The IHS Markit/CIPS UK Manufacturing PMI; The Nikkei Japan Manufacturing PMI; The Chinese National Bureau of Statistics; The IHS Markit Taiwan Manufacturing PMI; The AIG Australian Performance of Manufacturing Index; The IHS Markit Mexico Manufacturing PMI; The Nikkei South Korea Manufacturing PMI
The global economy is bending but not quite breaking, according to recent changes in Purchasing Manager Indexes (PMIs) from around the world. Of the 13 economies that we researched, almost two-thirds posted PMI scores of greater than 50 in January, indicating, for each, an expansion through the first month of the year. This is a slight improvement from December tallies, but only India, Australia, and Brazil boasted higher scores last month compared to July.
Commentaries contained herein are provided as a general source of information based on information available as of February 1, 2018 and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and the manager accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Investors are expected to obtain professional investment advice.
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