Europe is showing some weakness, having already been the slowest region. But even there, the recovery from the spring bottom remains V-shaped around the world.
Global PMI
Global PMI
Wednesday, November 4, 2020
The V-shaped recovery continues everywhere. In the US, the recovery looks more classically cyclical as manufacturing beats, services miss slightly.
Global PMI
Wednesday, August 5, 2020
The V-shaped recovery continues world-wide, but Japan and Asia are bringing up the rear.
Global PMI
Monday, July 6, 2020
Wow. V-shaped recovery pretty much everywhere! Remember, PMI's give you direction and intensity (growth versus contraction) -- not level. But without direction and intensity you can't get the level!
Global PMI
Wednesday, June 3, 2020
It's official. The V-shaped recovery is upon us! (And this is still only May data!)
Global PMI
Tuesday, May 5, 2020
It's a global cliff-dive. Except for China, which dealt with Covid-19 first, and is now showing a literally V-shaped recovery.
Global PMI
Friday, April 3, 2020
Wait. That wasn't supposed to happen. US services purchasing managers weren't supposed to be optimistic. Didn't they get the memo?
Global PMI
Wednesday, March 4, 2020
China is a pit of awfulness. But the rest of the world looks pretty darn strong, at least for now.