Big 3 PMI slides in August

The PMI surveys are among the earliest data available for the month.  The preliminary ("flash") estimate for the month is released in the third week of the month, so we have the first indicator of what happened during August.  There is no flash PMI for China, so I've plotted a chart for the big 3 (Europe, USA, Japan).  The PMI points to how industrial production is likely to slow further.  The global slowdown continues.  The big 3 PMI is below the 50% "recession line" and is still falling.