US PMI's surprise on the upside -- December felt soft in many ways, but apparently this is really a boom.
Global PMI
Global PMI
Thursday, December 3, 2020
Europe is showing some weakness, having already been the slowest region. But even there, the recovery from the spring bottom remains V-shaped around the world.
Global PMI
Wednesday, November 4, 2020
The V-shaped recovery continues everywhere. In the US, the recovery looks more classically cyclical as manufacturing beats, services miss slightly.
Global PMI
Wednesday, August 5, 2020
The V-shaped recovery continues world-wide, but Japan and Asia are bringing up the rear.
Global PMI
Monday, July 6, 2020
Wow. V-shaped recovery pretty much everywhere! Remember, PMI's give you direction and intensity (growth versus contraction) -- not level. But without direction and intensity you can't get the level!
Global PMI
Wednesday, June 3, 2020
It's official. The V-shaped recovery is upon us! (And this is still only May data!)
Global PMI
Tuesday, May 5, 2020
It's a global cliff-dive. Except for China, which dealt with Covid-19 first, and is now showing a literally V-shaped recovery.
Global PMI
Friday, April 3, 2020
Wait. That wasn't supposed to happen. US services purchasing managers weren't supposed to be optimistic. Didn't they get the memo?