- Flash China Manufacturing PMI™ at 48.1 (48.4 in May). 7-month low.
- Flash China Manufacturing Output Index at 49.1 (49.7 in May). 3-month low.
Note that inventories of finished goods are up, everything else is down. It's time to admit the global economy is in recession. The US is there too, or soon will be.
Mike "Mish" Shedlock
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