Yet another relatively small share in our global industrial production framework, Taiwan’s PMI New Orders were also very supportive, increasing 5 points after moving sideways for three months. Together with Korea and Japan, its IP momentum is likely to pick up again in the next month or two.
Russia and India come next and so does the BRIC!
And here’s the heat map so far:
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Jonathan Wilmot, chief global strategist at Credit Suisse Investment Bank and team are blogging at FT Alphaville for the day.
Please read this Credit Suisse small print.
Article Series - Wilmot's PMI tour
- Guest editing for the day...
- Why PMI?
- From rebound to expansion?
- The big three
- Keeping score
- The Japanese swing
- South Korea's new orders jump
- China - No growth surprise, inflation fears persist
- Taiwan supportive
- BRIC by BRIC
- Asia sign-off
- Euro periphery
- The trend continues
- Hola
- Euro Area - Strong core holds periphery up
- The strongman of Europe
- Further reading
- Trading Places: Alemania and Spanien
- BRIC by BRIC II
- Meanwhile, in Central Europe...
- That will do nicely
- Shadow money and inflation
- Lest we forget
- Sovereign risk - beyond the numbers
- The new proletariat
- Alexander Hamilton on Shadow Money and the Euro
- Postscript