Wednesday, June 1, 2016

Manufacturing Growth, But Just Barely

The China manufacturing PMI indicated the slightest degree of growth for the second month in a row. There was similarly optimistic indicators from Australia and the United States, but these were balanced out by notes of caution in data from Japan and Europe. Continuing the trend from last year, it looks like the world is moving away from manufacturing, but the move is not fast enough to trigger a recession.

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