Monday , 17 June 2024

Worldwide Decline in July Manufacturing Indices Say…a Recession is Now Here! Take a Look


One of the best leading indicators to shed light on the health of the economy is the Purchasing Managers Index (PMI). The latest local readings of the manufacturing PMI for countries around the world, as provided below, collectively give investors a critical insight into the pace of economic growth. Words: 944

These data are brought to you by Lorimer Wilson, editor of (Your Key to Making Money!), may have edited the article below for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.

PMIs are based on monthly surveys of carefully selected companies. These provide an advance indication of what is really happening in the private sector economy by tracking variables such as output, new orders, stock levels, employment and prices across the manufacturing, construction, retail and service sectors.

The PMI surveys are based on fact, not opinion, and are among the first indicators of economic conditions published each month. The data are collected using identical methods in all countries so that international comparisons may be made. See here for more detailed information.

While a more complete list is available here, I have reduced the list to those I think would be of most interest to the 80% of the visitors to this site based on their country of origin plus some other markets based on their size and recent/ongoing events.

The BRIC nations:

  • Brazil: HSBC Brazil Manufacturing PMI — 48.7, up from 48.5 in June;
  • Russia: HSBC Russia Manufacturing PMI —  52.0, up from 51.0 in June
  • India: HSBC India Manufacturing PMI — 52.9, down from 55.0 in June
  • China: HSBC China Manufacturing PMI — 49.3, up from 48.2 in June;
  • China: Official PMI — 50.1, down from 50.2 in June


  • Portugal: Data unavailable
  • Ireland: NCB Republic of Ireland Manufacturing PMI — 53.9, up from 53.1 in June
  • Greece: Markit Greece Manufacturing PMI — 41.9, up from 40.1 in June
  • Spain: Markit Spain Manufacturing PMI — 42.3, up from 41.1 in June

The Group of 7

  • USA: Markit US Manufacturing PMI —  51.4, down from 52.5 in June
  • Canada: RBC Canadian Manufacturing PMI —  53.1, down from 54.9 in June
  • Germany:  Markit / BME Germany Manufacturing PMI — 43.0, down from 45.0 in June
  • United Kingdom: Markit / CIPS UK Construction PMI —  45.4, down from 48.6 in June
  • France: Markit France Manufacturing PMI — 43.4, down from 45.2 in June
  • Italy: Markit / ADACI Italy Manufacturing PMI — 44.3, down from 44.6 in June
  • Japan: Markit/JMMA Japan Manufacturing PMI — 47.9, down from 49.9 in June

Other Areas/Countries of Interest:

  • Eurozone: Markit Eurozone PMI — 44.0, down from 45.1 in June
  • Global: JPMorgan Global Manufacturing PMI — 48.4, down from 48.9 in June
  • Australia: AiG and PwC PMI — 40.3, down from 47.2 in June
  • Singapore: Singapore Institute of Purchasing & Materials Management — 49.8, down from 50.4 in June
  • Go here to receive Your Daily Intelligence Report with links to the latest articles posted on
  • It’s FREE and includes an “easy unsubscribe feature” should you decide to do so at any time.
  • SAVE TIME searching for today’s best articles. They’re all here!
  • All articles are also available on TWITTER and FACEBOOK

Related Articles:

1. Guess Which Country is On List of 15 Projected to Have Most Sluggish Economies in 2013-14? Take a Look


The 15 countries that we project to grow the slowest over 2013-14 include, not surprisingly, dysfunctional countries with weak leadership and debt-laden countries with limited financial flexibility, but also developed countries that are just too big to grow quickly. [Here they are hyperlinked to a page of information on each country.]

2. Forget Europe: Here Are 14 Other Countries at Risk


Financial markets have largely been focused on Europe’s debt crisis, the looming fiscal cliff in the U.S., and the deceleration of the Chinese economy but there are at least 14 other global geo-political risks that investors need to watch for. [The list is below.] Words: 415

3. These 15 World Maps Cover All The Bases – Check Them Out


Nothing explains the world more elegantly than a map and, in that spirit, we’ve compiled the 15 most excellent, unusual, and just cool maps that we’ve recently come across. They cover all the bases: economics, politics, culture, immigration…and some fun stuff too. Take a look. Words: 345

4. And the Winners & Losers in the Current Global Banking Crisis Are…


The global market turmoil in the European Union with Greece, Spain and Italy and the slowing growth in China and other Asian markets has been monopolizing the headlines lately….You could very well have the attitude that it doesn’t directly affect you. Like it or not, however, the United States is tied to other economies….and, since the financial markets facilitate trade and business all over the world, problems in other countries can severely impact your investments, your job and even how much you pay for everyday items. Therefore, you cannot afford to ignore the health or strength of other countries’ financial systems and their banks. [Let’s take a look.]

5. How the Euro Crisis Affects 12 Asian Economies + Australia


If you invest or trade in the equity markets, this is an article you ought to take the time to read and think about. It presents the perceived strengths and weaknesses of China, Hong Kong, India, Indonesia, Japan, seven other Asian countries, and Australia in an informative interactive graphic.

6. Where Does Your Country Rank in List of Strongest & Weakest Countries in the World?

question mark

This report gives you our latest Weiss Ratings for the weakest and strongest countries in the world. Only sovereign countries with stellar scores in four major areas — debt burdens, international stability, economic health and market acceptance — merit a grade of A- or better. Only countries that demonstrate severe and/or consistent weaknesses in the four areas receive a grade of D+ or lower. Currently, the data show that the U.S. government does not fall into either category. We rate it…
Words: 1434