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With all the global PMI reports in the books, we can better gauge the health of the global economy. The January data was overwhelmingly positive. The January globally weighted PMI comes in at 51.8, up from 50.5 in December. The biggest improvements came from the eurozone, U.S., China, Japan, and Brazil. There was some deterioration in India, but the country remained well in the contraction range over 50.

In all, this points to a healthier global economy and a clear move back into the expansionary period after the 2012 dip into contraction range. Here's a brief breakdown of some of the more important components:

  • Eurozone: 47.9, up from 46.1
  • U.S.: 55.8, up from 54
  • China: 52.3, up from 51.5
  • India: 53.2, down from 54.7
  • Japan: 47.7, up from 45
  • Russia: 52, up from 50
  • Brazil: 53.2, up from 51.1

(click to enlarge)

Source: Globally Weighted PMI Improves In January