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

01/08/19 08:01AM EST

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

© 2019 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.