One other encouraging sign from the Asian data: export orders are up around the region, mostly by several points. Not surprisingly perhaps, Japan is the one exception.
One less encouraging sign from Asia: input prices are up just about everywhere, typically by several points.
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