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Big 8 PMI slips again in September

The Big-8 average PMI is a GDP-weighted average of the PMIs for the USA, UK, Europe, China, Japan, Russia, Brazil and India.  Each one is individually extreme-adjusted before the results are added up to give the total for the 'Big 8'.

Clearly, the slide continues.  At 50.5, the Big 8 PMI is only 0.5% above the 50% recession line.

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