Have you noticed recently that the phones are not ringing constantly and people are not running around with their heads cut off as much as they used to? Recent research shows that “JPMorgan Global Manufacturing PMI fell to 50.6 in May, down from 51.4 in April, to its lowest reading in five months. “
The effect was not only felt in America, but in other areas of the world such as Austria, Poland, the Czech Republic, and Switzerland. In some countries such as Germany, France, Italy, Spain, Greece and the Netherlands, their PMI did not fall but instead rose slightly.