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Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

Chart of the Day: Global Growth Ends 2018 On The Lows - 12.12.2018 bear bouncing world cartoon

The weakness in PMI readings was broad based, both in terms of components and economies. Highlights include:  

  1. Manufacturing: 74% of the 31 economies we track were trending lower as of DEC, unchanged from 74% in NOV
    • Accelerated MoM: Indonesia, Italy, Japan, South Korea, UK
    • Decelerated MoM: Australia, Brazil, Canada, China, Emerging Markets, Eurozone, France, Germany, India, Spain, Turkey, US, World
  2. Services: 71% of the 17 economies we track were trending lower as of DEC, up massively from only 53% in NOV
    • Accelerated MoM: Brazil, Italy, UK
    • Decelerated MoM: Australia, China, Emerging Markets, Eurozone, France, Germany, India, Japan, US, World
  3. Composite: 71% of the 38 economies we track were trending lower as of DEC, unchanged from 71% in NOV
    • Accelerated MoM: Brazil, Italy, UK
    • Decelerated MoM: Australia, China, Emerging Markets, Eurozone, France

Chart of the Day: Global Growth Ends 2018 On The Lows - Chart of the Day

Chart of the Day: Global Growth Ends 2018 On The Lows - early look