[Marxism] A global manufacturing recession | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Wed Oct 2 06:15:28 MDT 2019

As we enter October, the global recession is with us – in manufacturing. 
  The PMI manufacturing activity indexes for most of the major economies 
are below 50, the threshold for expansion or contraction.  These are 
only surveys of corporate managers asking them about production, sales, 
employment etc.  But PMIs have been reasonably accurate indicators of 
actual industrial and manufacturing output, the data for which follow 
somewhat later.


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