China's official manufacturing purchasing managers index fell to 49.7 in August from 50.0 a month ago, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Tuesday. (marketpulse.com)
Generally speaking, joint market action like this provides the earliest signal of potential economic strains, followed by the new orders and production components of regional purchasing managers indices and Fed surveys, followed by real sales, followed by real production, followed by real income, followed by new claims for unemployment, and confirmed much later by payroll employment.» (hussmanfunds.com)
Although Spain's manufacturing purchasing managers index ticked up slightly last month to 44.5, it is still the seventeenth month in a row that the index has recorded a sub-50 contractionary reading. (businessinsider.com)