New Overnight Developments Abroad - Daily Update
More Evidence that Tariffs Are Hurting Manufacturing All Over
July 24, 2019
Preliminary purchasing manager survey results from July in Japan, Australia, Euroland, and the U.S. were published today, and their main message is that trade wars hurt just about everybody. Japan’s manufacturing PMI printed below 50 for a third straight month and the fifth time in six months. Readings under 50 imply a contraction of activity. […] More
