A couple of excellent tables illustrating the trajectory of manufacturing PMIs. Digging deeper, the electronics industry, in general, does appear to be fairing better than the overall manufacturing sector, which has been hurt by the auto slowdown and problems at Boeing. Global U.S. China Hat Tip:  Sebastian Sienkiewicz  @Amdalleq  and  Millennial Macro @MillennialMacro

The J.P.Morgan Global Composite Output Index rose to an eight-month high of 51.7 in December, up from 51.4 in November. The index has been above 50.0 for the past 87 months. Growth was recorded in both the manufacturing and service sectors during December. The rate of expansion in manufacturing production slowed with downturns in the …