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