#PMI this chart is confirming the falling PMIs around the world.. 📉 pic.twitter.com/iLUsYF8ymU
— Alessio (@AlessioTMAD) April 1, 2019
Fresh figures Monday showed that an industrial downturn has gripped factories in the eurozone’s biggest countries, including Germany, the region’s economic powerhouse, as well as major Asian exporters such as Japan and South Korea. The new data added to expectations that central banks will continue to loosen monetary policy to combat the slowdown.
February was supposed to see a post-bad weather/government shutdown rebound but instead retail sales fell 0.2%. Even with the upward revision, the three-month trend is running at a -4.3% annual rate. Ouch!
— David Rosenberg (@EconguyRosie) April 1, 2019
Canadian Markit Mfg PMI about to take out 2016 lows pic.twitter.com/1pum5IPSu3
— Alastair (@StockBoardAsset) April 1, 2019
Markit: "things may well get worse before they get better, as the forward-looking indicators are a cause for concern. New order growth has fallen close to the lows seen in the 2016 slowdown"
— zerohedge (@zerohedge) April 1, 2019