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MNI: /Global PMI Index Continues to Deliver..........>

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MNI: /Global PMI Index Continues to Deliver Negative Surprises
- The MNI Global PMI Index - an equally weighted average of 30 Manufacturing
PMIs - has extended the recent broad based decline in July to make fresh cycle
lows. All regions have extended declines below the 50 boom/bust level.
- The number of countries with PMIs holding above 50 has fallen to just 10 in
July from 11 in June.
- Only three PMIs have surprised positively, while only one country (South
Africa) has a PMI developing above trend.

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