Economies

Slower Global Economy?

The JP Morgan Global Manufacturing PMI published by Markit.com showed a continuation of a slowing pace of growth in September.

A PMI above 50.0 signals growth for an economy relative to the PMI’s base (Composite or Manufacturing or Services). A reading below 50.0 suggests contraction. Monthly PMIsĀ are available for several countries and regions. QR’s stance is that a reading of 45.0 or lower for the US PMI would signal a recession environment.

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