Uh-oh…contractions all around!

We should consider ourselves lucky in a way given that every major country in the world is experiencing a contraction in manufacturing activity whilst Thailand is recovering from the floods last year thus manufacturing activity here can only improve further on a YoY basis.

The JPMorgan Global Manufacturing Purchasing Managers’ Index, a broad measure of manufacturing activity across the world, fell to a three-year low of 48.9 in June.

Source: WSJ

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