The global manufacturing Purchasing Managers’ Index (PMI), measuring growth in manufacturing (50 is break even), is being propped up by Chinese and Asian growth while the U.S. and Europe decline.
Global Times reports: “The Global Manufacturing Purchasing Managers’ Index (PMI) for August showed that Asia’s manufacturing sector remained in expansionary territory and continues to serve as a key driver of global growth, with China’s strengthening economic fundamentals serving as a major contributing factor…. Data from the China Federation of Logistics and Purchasing (CFLP) indicated that the global manufacturing PMI rose to 49.9 in August, up 0.6 from the previous month, state broadcaster CCTV News reported on Saturday,” Sept. 6.
