AIG PMI smashed

Wednesday 5 April 2023

I’m not sure why the AIG has decided to recreate its PMIs as an index that nobody understands or uses but, hey, it just got smashed:

New orders and prices both tumbling:

Shame nobody will report it because nobody understands it.

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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.