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Global Economy Stirring? Using Manufacturing PMIs

Global Economy Stirring? Using Manufacturing PMIs

4 Years ago | April 11, 2016 00:00:00

 

Fundamentals for Trading. EXCLUSIVE CHARTS:
Latest Manufacturing PMI. The Smoothed (3mo Averages) Manufacturing PMIs have been turning south. No wonder key central banks have been fretting. The Fed's policy "normalization" was recently put on hold due to concerns about global growth.  On the other hand, the U.S. PMI recently has been turning up. This upswing has started to appear in government statistics as well.  Keep in mind, PMI readings are not "hard" economic statistics. Also keep in mind that while the economy might be improving, the absolute level of growth has been quite modest.

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