17 Deteriorating US And European Manufacturing Indices In 2 Charts

The latest readings on the German, French, and Chinese purchasing managers indices are ugly.

For even more ugliness, Bloomberg economist Michael McDonough offers comprehensive historical looks at European and US European manufacturing indices.

Everything in Europe is pointing down.

Europe Manufacturing Index

Photo: Bloomberg Brief

US indices are also trending unfavorably. The Philly Fed index looks like it’s improving, but only because its August reading was such a disaster.

US Manufacturing Index

Photo: Bloomberg Brief

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