The US economy still appears to be sailing on serenely while the rest of the world economy sinks like a stone. The latest survey data for January show an apparent capitulation in both China and the euro-zone, with the manufacturing PMIs rapidly falling toward recessionary levels. In contrast, in the US the ISM and Markit PMIs both strengthened slightly last month and remain at levels usually consistent with solid manufacturing output growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services