Tuesday, October 25, 2022

US "flash" PMI falls sharply

 The USA is the last of the countries for which S&P Global produces a preliminary estimate of the latest month's PMIs,   It fell, and is now below the 50% "recession line".  



I can't calculate a preliminary Big 8 PMI for October, because S&P Global only produces a preliminary ("flash") PMI for the USA, UK, Europe, Japan and Australia.  But the "Big 4" is well correlated with the Big 8.  It's obvious that the world economy slowed again in October.  We'll see what the data for the other big 8 economies (China, Russia, India and Brazil) show.





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