Hopes For Global Growth Fade As China Data Disappoints Again
Market Depth
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The State of the Consumer Driven Demand Recovery
We have manufacturing PMIs that came in at the beginning of the month for an unexpected contraction to print below 50 49.5, which was not just a contraction but an unexpected one because consensus was at above 50. Then we have factory gate prices in just outright deflation declining for seven months straight. And then finally today we have industrial production basically just above half that of the estimate figures. Okay, so that's how the kind of manufacturing side of the economy looks. Not so dandy and again, just misses across the board. Oh, and then we actually did get one more piece of data today. We saw a slight down tick in unemployment. You know, urban jobless rate tick down
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