Message Font: Serif | Sans-Serif
No. of Recommendations: 2
"The global manufacturing sector is contracting for the first time since July 2009. The global manufacturing Purchasing Managers Index (or PMI) I calculate on a GDP-weighted basis for the major economic regions fell to 49.5 from 50.1 in September. The contraction is largely afflicted by a further significant contraction in the eurozone.

The U.S. ISM manufacturing PMI disappointed with 50.8 in October compared to 51.6 in September. The figure was significantly lower than the consensus forecast of 52.0.

China's CFLP manufacturing PMI fell to 50.4 from 51.2 in September but, when seasonally adjusted, the gauge rose slightly to 50.6. Japan was the star among the major economies as the manufacturing sector returned to growth in October.

The recession in the eurozone's manufacturing sector is gaining momentum, with Germany joining the rest. The situation in Greece and Italy has deteriorated sharply, but Ireland managed to stem the tide as the manufacturing sector experienced some growth. In contrast to the eurozone the manufacturing sectors in emerging European economies are improving, with Poland and Turkey at the forefront.

The manufacturing sectors of Asian countries are a mixed bag. India's manufacturing sector is growing again after teetering on the brink of stagnation, the contraction in Australia has eased significantly and the situation in South Korea has stabilized. However, the contraction in Taiwan's manufacturing sector has deepened.

Russia and South Africa continue to hold up reasonably well in the other BRICS countries, while the contraction in Brazil's manufacturing sector has eased."
GG Home Fool
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.