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Global PMI Summary: 60% Of Nations Weakening

Submitted by Tyler Durden on 10/01/2014 20:27 -0400

As PMI manufacturing surveys are released around the world, we get an early read on the state of glkobal manufacturing. As the below table shows, out of the 25 countries that have reported so far, 8 reported improvements in their manufacturing sectors in September, while 15 recorded a weakening, and 2 remained unchanged.

A reading above 50 reflects expansion, while below 50 indicates contraction.

As BofA notes,

There were 8 countries in negative territory and 17 in positive. In particular, Austria, Germany, Greece, Korea, and Norway moved from contraction to expansion, while Italy and South Africa did the reverse.

Our China economist note that, thanks in part to the easing measures implemented in the past month, the China PMI was stabilized, but is yet to rebound.

Our Europe economist notes that weakness in the Euro Area was mostly driven by Germany. Moreover, he highlighted that Euro Area PMIs (as well as German PMIs) are consistent with moderate expansion in 3Q.

Lastly, our UK Economist noted that the decline in the UK PMI was attributed primarily to slower exports growth to the Euro Area, and the index is at the lowest since May 2013.

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Wed, 10/01/2014 - 20:32 | 5277803 nmewn

So...its the weather again.

I knew it!

Wed, 10/01/2014 - 21:45 | 5278048 foodstampbarry

Nah, this time it's ebola.

Thu, 10/02/2014 - 03:11 | 5278878 aPlayer

Even Forex brokers have started to suffer. This week bucket shop Admiral Markets announced a huge 1.6 million Euro loss for 1st half of 2014. The company has seen 3 years of continued declines in the revenues. Could it be the next MF Global that scams clients?
http://forexmagnates.com/exclusive-admiral-markets-group-ceo-reacts-firs...

Wed, 10/01/2014 - 23:01 | 5278357 SAT 800

The other 47% are strengthening. (I couldn't help it, the devil made me do it).

Wed, 10/01/2014 - 20:37 | 5277811 moneybots

Global PMI Summary: 60% Of Nations Weakening"

40% to go.

Wed, 10/01/2014 - 21:16 | 5277942 Lets Buy The Dip

but some guys like playing in the RAIN! check this out below.

Big trader took the put call spread today a whopping $2 Million dollar trade! HOLY HELL!

You can see here ==> http://bit.ly/1B4K0wk

Wed, 10/01/2014 - 22:10 | 5278151 CamoZ

HOLY HELL IS RIGHT!

Wed, 10/01/2014 - 20:38 | 5277812 RattNRoll

#Sustainable

Wed, 10/01/2014 - 20:40 | 5277820 CamoZ

Only so long can you live in a paper box...IN THE RAIN!!!

Wed, 10/01/2014 - 20:41 | 5277821 buzzsaw99

the bonuses will be enormous

Wed, 10/01/2014 - 20:47 | 5277835 LetThemEatRand

With 40% reporting positive, that's a 60% bonus to the bankers I think.

Wed, 10/01/2014 - 20:41 | 5277822 H H Henry P P P...

When you have this many contractions, the best thing to do is quick spiked breaths to alleviate the pain. It'll all be over soon once you shat it out.

Wed, 10/01/2014 - 20:53 | 5277858 NoDebt

I always wondered where babies came from.

Wed, 10/01/2014 - 20:53 | 5277853 NoDebt

Another year of great "escape velocity" growth, dashed on the rocks of reality. How many in a row is that now?

Today's as good as it gets, guys. Enjoy.

Wed, 10/01/2014 - 21:26 | 5277976 q99x2

The world has too much junk. We don't need more junk.

Wed, 10/01/2014 - 21:45 | 5278043 aliki

it's all good - "we're the cleanest shirt in the" ... wait that's not it - "we're the best house on the" ... no, hold-on - "global growth is right around the corner!"

had to get the right analogy for Wednesday

Wed, 10/01/2014 - 21:52 | 5278078 damicol