
Please try another search
Global leading indicators showed continued signs of improvement, as Global PMI and new orders increased further confirming the positive trend in the global economy. The US and China are the main forces behind the rise.
Details
Global PMI new orders in October rose from 48.1 to 49.4 as overall sentiment began to recover.
In the US manufacturing ISM increased from 51.5 to 51.7 – keeping the level well above 50. The new orders index rose further from last month’s jump landing at 54.2 – the highest level since May this year.
In the euro area manufacturing PMIs have stabilised but are well below the US and China. There is still a wedge between the hard and the soft data, where hard data like industrial production have improved but PMIs have not. Scandinavian manufacturing PMIs remains weak as well – especially in Sweden.
In China the NBS and HSBC PMIs increased and for the first time since October last year both PMIs are now above 50, inventories are falling and there is a positive outlook for the future. Japan is the main drag in the Asian economies as industrial production is weak and expectations are negative but in the rest of Asia PMIs improved. In CEE PMIs were mixed but the general picture showed slight improvement. PMI in Russia improved quite strongly. In Brazil PMI increased in October, showing signs of improvement in the region.
To Read the Entire Report Please Click on the pdf File Below
The central bank’s job is never easier, but in the current climate, it’s unusually tricky. In addition to the usual challenges that complicate real-time monetary policy decisions,...
At age 94, Warren Buffett can still formulate a shareholder letter like no other. His humility, candor, and wisdom is special. I always make it a point to read these because you...
The EU’s most costly budgets, bitcoin’s market swings, and rising US bankruptcies. Each week, the Syz investment team takes you through the last seven days in seven charts. 1. The...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.