Manufacturing PMI sinks anew

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Via the AIG:

I’m sorry to say there never a “recovery”. There is only a steepish downtrend. Some good news came in employment rebounding but it is not going to last as new order tumble again:

Full report.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.