JPMorgan Global Manufacturing PMI Shows Another Severe Contraction in February [View article]
It is amazing how consistent each country is in the data. We see a severe dropoff and a positive slope showing improvement from the lows in all areas.
I think that the positive slope will continue and things will improve, but at the slow rate we see in the latest months. I say that because business financing seems to be improving at a similar slow positive rate.
On the otherhand, it is always possible that we are in a pause and could resume a drop in economic activity. While I dont think that is the case it may not be prudent to bet everything on that outcome.
JPMorgan Global Manufacturing PMI Shows Another Severe Contraction in February [View article]
It is amazing how consistent each country is in the data. We see a severe dropoff and a positive slope showing improvement from the lows in all areas.
I think that the positive slope will continue and things will improve, but at the slow rate we see in the latest months. I say that because business financing seems to be improving at a similar slow positive rate.
On the otherhand, it is always possible that we are in a pause and could resume a drop in economic activity. While I dont think that is the case it may not be prudent to bet everything on that outcome.