Global manufacturing heatmap shows degree of stagnation

Manufacturing activity according to JPMorgan’s global purchasing managers index (PMI) held steady at 50.6 in June, signalling no change to the stagnation that has been a feature during 2013. This heatmap shows the level of growth in manufacturing activity (or lack of it) over the past five years. There was a brief pickup in activity in 2010 before giving way to the current stagnation.

PMI heatmap

Global PMI against oil chart suggests…no big change in oil prices (here seen against WTI).

Global PMI vs WTI

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