Purchasing Managers Worldwide: Manufacturing Blossoming

Global factory activity continues to accelerate. According to business managers worldwide, manufacturing vivification is now at the highest rate in nearly four years and new orders growth is now at a rate not seen in more that five and a half years.

The global PMI index is produced by JP Morgan with input from . . . → Read More: Purchasing Managers Worldwide: Manufacturing Blossoming

Jobs Growth in Chicagoland

The Chicago ISM survey of area purchasers was released on Wednesday. The purchasers manager’s index (PMI) rose sharply, up nearly 4 points to 60.0. This Chicagoland index has now posted gains for three months straight — all at accelerating rates (60.0 Dec, 56.1 Nov, 54.2 Oct).

The new orders have also held to over . . . → Read More: Jobs Growth in Chicagoland

Dubai Fears Fade: Positive Economic Data Builds

What a difference a few days have made in the mainstream headlines.

Overblown concerns about Dubai defaults are quickly shifting to the into the shadows. On Tuesday clarity on the extent of the loan restructuring indicated that Dubai World likely would restructure debt worth $26 billion against earlier talk of a possible $59 billion . . . → Read More: Dubai Fears Fade: Positive Economic Data Builds