By Prieur du Plessis (Guest Post)
Growth in the global manufacturing industry tanked in July. My GDP-weighted manufacturing PMI for the major economies sank for the fifth consecutive month to 50.9 from 52.8 in June. The manufacturing sectors in only four out of 20 countries are showing faster growth, while nine countries are now contracting and growth in four has slowed significantly. The current situation looks extremely grim when compared to February this year. Japan, China, Poland and South Korea maintained reasonable growth, though. From riches to rags … The significant jump in the U.S.’s ISM…
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