Monday, January 03, 2011

Global Manufacturing: Strong Year-End Growth

Wall Street Journal -- "Global manufacturing ended the year on a strong note, according a global purchasing managers’ index released by J.P. Morgan Chase and Markit. The JPMorgan global PMI hit a six-month high of 55 in December from 53.9 the prior month. Any reading above 50 indicates expansion. The expansion was broad based led by the U.S. and the euro zone. China also continued to expand, though at a slightly slower rate. Only Japan and Greece were in contractionary territory."

MP: Note chart that accompanies the article showing that 21 of 23 countries listed were expanding in December, and only Greece and Japan were below 50 (contraction).  

2 Comments:

At 1/03/2011 6:09 PM, Blogger Benjamin said...

Japan.

Japan, where they have a very strong yen, and inflation has been held in check for 20 years, and where they predict another eight years of deflation.

The USA economy has expanded by 150 percent in the last 20 years. The Japan economy by 15 percent.

The Japan Wing of the US monetary crowd is the most dangerous element loose in America today.

 
At 1/05/2011 7:37 AM, Blogger Singularity said...

Which country manufactures the most "Stuff" ?

 

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