Thursday, December 1, 2011

Global PMIs

As it's the first of the month, purchasing manager surveys (better known as ISM in the US) were released.  Below is a chart of the data.  Somewhat surprisingly, of the sample below the US was the second highest region behind Canada.  Only 3 of the 11 countries highlighted have PMIs greater than 50, meaning that 8 of the 11 economies are showing signs of contraction.

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