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

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