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.
Read more about the PMI and manufacturing sector:
- In this Frank Talk, Frank offers his thoughts about the rise in the HSBC China Manufacturing Purchasing Managers’ Index (PMI).
- Read about how investors can use the JP Morgan Global Manufacturing PMI to improve their chances of positive returns in the market.
- Learn how U.S. Global Investors uses one-month and three-month crossing data to target opportunities in mining stocks.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
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.
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