Manufacturing PMI and External Conditions

PMI/Purchasing Managers Index – Manufacturing Sector

Asia PMI

Slowdown in manufacturing (as indicated by PMI figures) in key export-oriented nations (China, Taiwan, Vietnam, etc.) may be more reflective of global economic conditions than domestic conditions. If China is famously known as “world’s factory” and its PMI is falling, then the global economy may actually be weaker than forecast.

http://www.livemint.com/Money/DeLwIJ1P2UxUTCGELzSgiK/Indias-manufacturing-PMI-best-in-Asia.html

Europe PMI

http://www.telegraph.co.uk/finance/economics/11836164/France-stuck-in-the-doldrums-with-second-worst-factories-in-the-eurozone.html

Meanwhile, UK economy may be starting to face some headwinds
http://www.telegraph.co.uk/finance/economics/11836202/Pound-stumbles-as-UK-manufacturing-lurches-towards-stagnation.html