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MNI: /MNI Global PMI Surprise Index Rebounds From....>

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MNI: /MNI Global PMI Surprise Index Rebounds From Negative To Neutral: The MNI
Global PMI Surprise Index - an equally weighted average of 30 Manufacturing PMIs
- has reversed higher from an extreme negative position to a neutral (marginally
positive) position.
- This is the first non-negative reading since April. The rebound has been
driven by Europe, where the Eurozone flash PMIs have exceeded market consensus
expectations.
- Seven of the 30 PMI's we track are now surprising positively, but the number
of PMIs above the 50 boom/bust level has remained at 10.

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