Global industrial boom powers on

Wednesday 2 June 2021

One million PMIs were released in the last 24 hours. Let’s take a look. At the headline level, the global PMI is still getting better, faster:

What I am looking for is hints of slowing in new orders and new export orders. There are a few in the headwaters of global trade but not enough to indicate the peak just yet. Korea is slowing:

But Taiwan is not:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.