Big 8 PMI picking up

Which means that the world economy is picking up.   Manufacturing is strengthening, while services are stable.

No change from my previous judgement that the world economy is lifting out of the doldrums, but the rise is not (for now) going to be rapid.  Trump's tariffs and the likely trade wars complicate the picture, with the US likely to show higher growth and higher inflation, while growth in the rest of the world will be reduced.  

Both manuf and serv PMIs are extreme-adjusted.  The "Total"
(whole economy) is an unweighted average of the two.