Global Manufacturers Are Down for the First Time in 7 Years
This article was originally published on ETFTrends.com.
By Frank Holmes via Iris.xyz Perhaps surprising no one, global manufacturers are now in contraction mode for the first time since 2012. That’s according to the most recent reading of the sector’s health, the purchasing manager’s index (PMI), which headed lower for a record 13th straight month in May. The PMI posted 49.8, down from 50.4 [...]