PMI Break-down
Today was global PMI day so here’s the break-down. On the whole, the numbers were pretty mixed:
UK: 48.6, up from 45.9 in May.
Eurozone: 45.1, unchanged from May.
France: 45.2, up from 44.7 in May.
Italy: 44.6, down from 44.8 in May.
Spain: 41.1, down from 42 in May.
Ireland: 53.1, up from 51.2 in May.
India: 55, up from 54.8 in May.
Russia: 51, down from 53.2 in May.
China: 48.2, down from 48.4 in May.
Cullen Roche
Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.
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2 Comments
I love The new format. And the US follows:
http://www.marketwatch.com/story/june-ism-manufacturing-gauge-turns-below-50-2012-07-02
It looks like ECRI’s LA won’t have to close shop after all:-) The numbers are slowly turning his way…
Cullen,
As you closely watch transportation statistics, it would be really great if you provide you thoughts on possible discrepancy between them and global diffusion numbers.