December PMI down by 1.6 points
The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) declined to 46.7 index points in December 2016 from 48.3 in November. This means that the manufacturing PMI remained stuck below the neutral 50-point for a fifth straight month. This is in stark contrast to the sustained upward momentum seen in global PMI figures since mid-2016. In …
