China's July PMI: Definite Economic Contraction Underway [View article]
The ISM PMI simply indicates an upward trend in inventories. But growth in survey respondent inventories suggests the potential of future production cutbacks to bring inventories into line with final demand.
China's July PMI: Definite Economic Contraction Underway [View article]
This appears to be part of a global trend of slowing growth and growing pricing pressures.
Euro area flash manufacturing PMI fell to 50.4 in June from 52.0 in May. Even more alarming manufacturing new orders fell to 47.6 from 49.8.
The US ISM PMI expanded to 55.3 but there were subsets indicating weakness, including growth of inventories, reduced trade and a reduction in order backlogs.
China's July PMI: Definite Economic Contraction Underway [View article]
China's July PMI: Definite Economic Contraction Underway [View article]
Euro area flash manufacturing PMI fell to 50.4 in June from 52.0 in May. Even more alarming manufacturing new orders fell to 47.6 from 49.8.
The US ISM PMI expanded to 55.3 but there were subsets indicating weakness, including growth of inventories, reduced trade and a reduction in order backlogs.