At A Glance: Global Manufacturing PMI Tanks
Prieur du Plessis / Seeking Alpha / November 2, 2011
The global manufacturing sector is contracting for the first time since July 2009. The global manufacturing PMI I calculate on a GDP-weighted basis for the major economic regions fell to 49.5 from 50.1 in September. The contraction is largely afflicted by a further significant contraction in the Eurozone. ...
World manufacturing stagnates in Oct -PMI
Reuters / November 2, 2011
The world's manufacturing economy stagnated in October with the crisis-wracked euro zone by far the worst performing region, according to a business survey that showed new export orders declining at the fastest pace in almost two-and-a-half years.
... The downturn in euro zone manufacturing in October was even deeper than previously thought, according to "grim" business surveys on Wednesday that showed the currency union's debt crisis is dragging its economy back into recession.
Well October might not have been the stock market crash but it was the manufacturing crash.
