Couple of manufacturing PMIs released a few minutes ago paint further bleak news for the global economy:
- South Korea February manufacturing PMI 47.2, from 48.3 in January
- Taiwan February manufacturing PMI 46.3, from 47.5 in January
Taiwan’s to its lowest in more than 3 years
SK’s lowest since June 2015
Earlier news today … let’s hope its correct for the sake of the global economy (not holding my breath):