Monday, July 3, 2023

Asia's PMI trend still up

While the US and Europe seem to be sliding into recession, Asia is still strengthening, despite a couple of countries (Taiwan and Korea) being quite weak.  My calculation includes China, India, Indonesia, Japan, Korea, and Taiwan, and is GDP-weighted, making up ±26% of world industrial production.

A strong Asia will offset the weakness in Europe and the US, helping mitigate the global downturn.




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