Beyond the gloomy headlines, this global index suggests manufacturing is in good shape
- Written by Lee Smales, Associate Professor, Finance, Curtin Graduate School of Business, Curtin University
Economic data released this week has provided some good news for the global economy. The Purchasing Manager Indexes (PMI) from around the world show manufacturing is at above long term averages or at multi-year highs.
The data suggests that economic growth will follow. Buoyed by low interest rates, and the prospects of government stimulus, firms...
Read more: Beyond the gloomy headlines, this global index suggests manufacturing is in good shape