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Will the PMI Revision Strengthen Investors’ Confidence?

Frank Holmes appears on CNBC’s Squawk Box Europe to discuss the recent upward revision of the global PMI, indicating that the manufacturing sector is slightly stronger than previously thought. Frank argues that because of this revision, the second half of 2014 should be much better than the first.

He emphasizes the fact that money supply is turning up, which is a key driver of global investment activity. The U.S. is also turning up, which will help the strength of the global economy.

 

Watch the video to follow the full discussion.

 

Read more about the PMI and manufacturing sector:

 

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The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. Advanced G-20 economies references members of the G-20 whose economies are considered by the IMF to be developed. This includes Canada, United States, Austria, Belgium, France, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Australia, Japan and Korea. Emerging G-20 economies references members of the G-20 whose economies are considered by the IMF to be emerging. This includes Brazil, India, Indonesia, Hungary, Russia and Saudi Arabia.