1/8/2012: Global Manufacturing PMIs for July

The summary of July 2012 Manufacturing PMI readings to-date:

Two things worth highlighting:

• Overall the readings are exceptionally poor across the board.
• Of all advanced economies so far reporting, Ireland shows by far the most positive indicator reading at 53.9. This is some huge achievement and the credit here goes primarily to the MNCs trading out of Ireland.

More detailed analysis of Irish PMI is to follow, so stay tuned.