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Majority Of World Economy Weakening As US Manufacturing PMI Tumbles To 2 Year Lows
Following China's surging and tumbling Manufacturing PMIs, and mixed data in Europe, US Manufacturing PMI's fell in November to 52.8 from October's hope-strewn bounce above 54. This is the weakest PMI print since October 2013 (as ISM Manufacturing tumbled to its lowest since Dec 2012). 30 regions have reported PMIs so far with half (15) seeing weakness (and just 13 seeing improvements) as new orders plunge to lowest since Oct 2013.
Eurozone PMIs keep rising as US and China tumbles...
Charts: Bloomberg
Commenting on the final PMI data, Chris Williamson, chief economist at Markit said:
“While the pace of manufacturing growth appears to have slowed in November, it remains encouragingly resilient, which is all the more impressive once headwinds such as the strength of the dollar and malaise in overseas markets are taken into account.
“The PMI results are indicative of the manufacturing sector growing at an annualised rate of around 2% in the fourth quarter so far.
“Growth is being driven by domestic demand, with exports falling back into decline. The uncertain global picture and strong currency are key areas of worry to manufacturers, which led to a more cautious approach to hiring during the month. However, there’s nothing new that will overly concern policymakers, leaving the door open for rates to rise later in the month.”
A quick reminder of China's baffle 'em with bullshit...The official print missed expectations and heads deeper into a 4-month contraction.. but the Caixin survey surged to 5-month highs, beating expectations
Charts: Bloomberg
On the first workday of a new month, global PMI manufacturing surveys are released around the world. That gives us an early read on the state of manufacturing. As the below table shows, 30 regions have reported so far. Thirteen saw improvements in their manufacturing sectors in November, and 15 recorded a weakening. Two indices were unchanged. A reading above 50 reflects expansion, while below 50 indicates contraction. In this regard, there were 20 countries in positive territory and 10 in negative.
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Not needed anymore. Stocks up and that is the new economy!
undeniably bullish.
I'm curious, when the war starts are we going to have to have all our war goods manufactured in Russia and China? It should be a really good time for them and us. They will make money from the manufacturing and our stock market will go way past 25,000. Not to mention the huge reduction in carbon based humans lost on both sides. Win-Win!
But wait auto sales and real estate will tank in the US. But maybe we could import more refugees and illegal mexicans. Wow another huge win. We could decimate all of us white people in the war leaving the country to the illegals and the Fed. WE could make this a revolving door system. Moar war, more illegals and refugees, tons of low skilled manufacturing jobs for the far East, the MIC will be thrilled, and fewer white people to boot... I bet I get a job offer from the govt minutes after NSA forwards this message to the White Hut...
LOL! Please, manufacturing real stuff is so old school and unprofitable...
There is no real cost or real inputs when manufacturing financial "products" of mass destruction...
"God's work" and all that...
Puleeeez......this is a reCOVERY!..........dontcha know....Just buy stawks and you'll be RICH!!
Yea, though I walk through the valley of the shadow of Depression, I shall fear no market downturn. Thy printing press and thy jawboning, they comfort me.
When I need comforting I turn to a bottle of Crown.
You know what would help? Making money more expensive. Ball's in your court, Yellen.
What is it again that the U.S. manufactures? Oh , that's right, it's propaganda.
There's is no shortage of that in the world today.
The world eCONomy is shrinking? Besides war, what comes after a depression? Is the world becoming depressioner?
IMHO, methinks the FED has continued QE Tuesdays, of course, it could be all this bad news is good news, or war is bad, or.....
Stocks love failure...
Extremely Bullish Crimex Gold CoT
http://winteractionables.com/?p=28145
LOL!!!! Yeah, been that way since 1971!!!
Listen fuckers, nothing changes unless contract holders demand physical!
do not hold your breath you stupid fucks.
financialization shenanigans and bonuses will moar than make up the difference.
The entire world is basically one dysfunctional family.
Think of some cosmic rich Aunt Edna that has the only two nickles left in the universe to rub together and then picture all the world leaders as the greedy adults in the family and then picture most of humanity as the children of the losers in the battle for Aunt Edna's two nickles and you have all you need to know about our entire civilization.