Global manufacturing PMI dropped to 47.6 in October, the lowest since Covid and below the 50 threshold for 14 months, indicating a clear global slowdown, with the decline driven by activity components while price pressures remained steady.
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. October global manufacturing PMI was down by 1pt to 47.6, the lowest level since Covid and below the 50 threshold for 14 months, still clearly suggesting a global slowdown. The fall was driven by activity components while price pressures were unchanged pic.twitter.com/sdB3igKxTA
— Patrick Zweifel (@PkZweifel) November 2, 2023
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. #EM-DM gap remains very wide – in fact the widest since Covid & GFC -, which more often than not has been accompanied by an outperformance of emerging stock markets pic.twitter.com/p51V19dIlm— Patrick Zweifel (@PkZweifel) November 2, 2023
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. Global inflation components show that short-term pressures have remained unchanged, still at very low levels, close to 14-year record lows, and far below the long-term average pic.twitter.com/eA7BVg5Ola— Patrick Zweifel (@PkZweifel) November 2, 2023