Hard hitting global and local news
Output and new orders contract at slower rates Staff numbers are cut for the sixth month in a row Solid reduction in both input and output prices Chinese manufacturers signalled a further deterioration in overall operating conditions during April.
China Manufacturing Output and New Orders Contract Once Again Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI .
Doug Short at Advisor Perpspectives picked up my post Shiller Drinks the Kool-Aid . Footnote from Doug Short Doug emailed me a bit ago, adding a few charts of his own to my post.
See the original article here: China Manufacturing Deteriorates at "Moderate Pace"
Flash France Composite Output Index falls to 47.0 (48.0 in November), 7-month low Flash France Services Activity Index drops to 47.4 (48.0 in November), 6-month low Flash France Manufacturing Output Index slips to 45.3 (48.0 in November), 7-month low Flash France Manufacturing PMI falls to 47.1 (48.4 in November), 7-month low Both the manufacturing and service sectors signalled sharper reductions in output than in November. Services activity decreased for the second month running, and at the fastest pace since June. Meanwhile, manufacturers posted a marked decline in production, extending the current sequence of contraction to five months
More: Ten "Real" Problems With the US Economy; A Behind the Scene Look at Auto Manufacturing
See the original article here: India Manufacturing PMI Contracts for First Time Since March 2009; Eurozone Manufacturing PMI 26-Month High…
More: Job Growth Trends by Type of Job and Part-Time Status
Motor Vehicles and Parts +1.3% Non-Defense Aircraft and Parts +31.4% Defense Aircraft and Parts +18.7% Other Durable Goods +0.1% One quick glance at new orders will give you the "easily seen" look at the durable goods numbers. Although such analysis is "easily seen" not many bother
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