Today was global PMI day so here’s the break-down. On the whole, the numbers were pretty mixed:
UK: 48.6, up from 45.9 in May.
Eurozone: 45.1, unchanged from May.
France: 45.2, up from 44.7 in May.
Italy: 44.6, down from 44.8 in May.
Spain: 41.1, down from 42 in May.
Ireland: 53.1, up from 51.2 in May.
India: 55, up from 54.8 in May.
Russia: 51, down from 53.2 in May.
China: 48.2, down from 48.4 in May.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.