Global manufacturing activity is contracting: The share of countries where the Manufacturing PMI index is shrinking hit 59.4% in November.

Global manufacturing activity is contracting: The share of countries where the Manufacturing PMI index is shrinking hit 59.4% in November.

TKL:

In other words, the manufacturing sector is in recession in 21 out of 36 major economies.

The most weakness has been seen in the Eurozone where manufacturing PMI fell to 45.2 points and has been contracting for 29 straight months.

This has been primarily driven by weakness in Germany and France, the two largest EU economies.

In the US, the manufacturing PMI index has contracted in 25 out of the last 26 months, the longest streak since the 2008 Financial Crisis.

The manufacturing sector is struggling globally.

submitted by /u/XGramatik
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

Related Posts