Purchasing Managers’ Index (PMI) flash figures from both the euro zone and China reflect that the global economy grew at a milder pace in November. According to Europe’s flash PMI business survey, the pace of growth slipped from 51.9 last month to 51.5 this month (anything above 50 indicates growth). And in China, the flash figures fell to 50.4 from 50.9. While that level is barely staying above the expansion line, it does represent the fourth consecutive month of plus-50 for China. While “flash” PMI figures project an approximate value for the current month, they seldom differ significantly from the final PMI numbers. Now investors need to ask themselves if they’re convinced these flash figures carry enough weight to affect investments.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: