Weekly Global Update For December 30 – Walt Custer
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“Subdued but Positive Beginning for 2020” Global Economy World manufacturing activity was flat as we began 2020 but the trend appears to be one of slow but steadying improvement (Chart 1). The recent global (country composite) Purchasing Managers index was in “Zero Growth” territory (PMI=50) however the various country components of this world index varied …
German industrial production increased beat expectations in November, after being in negative territory in the two previous months. Total industrial output — comprised of output in manufacturing, energy and construction — rose 1.1% in November from October, in calendar-adjusted terms. Economists expected a 0.7% increase in November. Construction output increased 2.6% in November on month, …