While you were sleeping Gloomy manufacturing data

Thu, 20 Sep 2012

By Margreet Dietz Sept 21 (BusinessDesk) - The latest manufacturing data from the US, China and Europe did little to inspire confidence in the recovery of the global economy. Markit said its US "flash," or preliminary, manufacturing Purchasing Managers Index was at 51.5 in September, unchanged from August. The index averaged 51.5 in the three months to September, down from the 54.2 in the previous quarter - its weakest performance since the third quarter of 2009. "I don't think the economy is going anywhere fast," Ryan Sweet, a senior econom...

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