Aggregator • MaxedOutMama • ID=80279 |
Happy Labor Day! - MaxedOutMama Sep 3, 2012, 8:00 am
Go drink a beer or grill something. Buy a car. Buy two. Don't read this blog post.
However, for all the non-US-slackers, for whom this is just another Monday:
Oh, great, Swedish manufacturing jumped into the ditch. Something about export orders. Employment contracting and everything.
China's manufacturing PMI (Markit version w/ HSBC) fell to 47.6 from 49.3. No happiness there.
Eurozone 45.1, which is better than July's 44, but still a very sharp contraction. Germany 44.7, but export orders still declining hard. Poland and The Czech Republic are still contracting. In the Euro area, Ireland seems to be the bright spot.
Turkey improved to stable at 50. Russia's at 51. Outstanding work is falling. India's at 52.8, which is pretty good considering everything.
In Asia, Indonesia's up again to 51.6. Maybe that doesn't sound so hot, but compared to the rest of Asia it does. China at 47.6, with sharply falling input costs. Taiwan, 46.1!!! South Korea 47.5, which is close to July's number. Japan 47.7, which is close to July's number.
