Moneymoney

Mon Nov 4, 2019, 12:41 PM

Global Manufacturing Contracts for a Sixth Straight Month

By Alexandre Tanzi 1 hr ago

(Bloomberg) --
Global manufacturing shrank for a sixth straight month in October as new export orders extended their longest downturn since 2002. At the same time, output and orders firmed in a sign factory activity is stabilizing.

The JPMorgan Global Manufacturing Index stood at 49.8 after the prior month’s 49.7 -- the third consecutive monthly improvement after bottoming in July. The new orders gauge reached a neutral point after shrinking the previous five months.

Third successive rise in the PMI may signal that a bottom has been reached

The production index edged up to a six-month high, albeit barely above the reading of 50 that is the dividing line between growth and contraction. In June and July, it stood at an almost seven-year low.

Still, sluggish global demand and the effects of tariffs are limiting trade. The measure of export orders remained in contraction territory for a 14th straight month.

more...

https://www.msn.com/en-us/finance/markets/global-manufacturing-contracts-for-a-sixth-straight-month/ar-AAJPLiw

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Reply Global Manufacturing Contracts for a Sixth Straight Month (Original post)
RCW2014 Nov 4 OP
quad489 Nov 4 #1
GoldwatersSoul Nov 4 #2

Response to RCW2014 (Original post)

Mon Nov 4, 2019, 12:51 PM

1. ''Global Manufacturing Index stood at 49.8 after the prior months 49.7 -- the third consecutive...

...monthly improvement after bottoming in July.....Third successive rise in the PMI may signal that a bottom has been reached."

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Response to RCW2014 (Original post)

Mon Nov 4, 2019, 01:05 PM

2. Tariffs....

Are hurting China dramatically.

The more time that goes on the more blood they lose. They desperately want a deal.

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