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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Oct 26 2012

Global Industrial Growth and Chinese Stimulus

The latest purchasing managers survey data – showing upticks in China and the U.S. – sparked hope that perhaps the downturns in these two economies had run their courses, though weakness in Europe tampered expectations. Meanwhile, markets continue to hope for new Chinese stimulus.

ECRI’s latest report outlines clearly whether this recent manufacturing data heralds a change in the direction of industrial growth, or is just noise, and investigates possible constraints on monetary and fiscal policy decisions.