International Purchasing Manager Indices

While the stabilization of economic activity in the US has been well documented, similar trends have been evident across the globe. The charts below show the monthly purchasing managers indices for some of the largest global economies. For each of these indices, readings over 50 indicate a growing economy, while readings below 50 imply contraction. As shown, the PMIs for each country have shown sharp rebounds from their lows earlier in the year. However, while stabilization is better than nothing, the PMIs for every country with the exception of China are still below 50.

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Comments

[Stone Fox C...:]

Nobody talks about a V recovery, but all of those indices sure look like Vs. A couple more months in the same direction and we'll have a full recovery in most.

Jun 03 10:19 PM