this post was submitted on 04 Aug 2023
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Manufacturing PMI in Switzerland dropped to 38.5 in July 2023 from 44.9 in June. PMI below 50 is an indication of economic contraction. (tradingeconomics.com)
submitted 2 years ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 2 years ago

World PMI is 48

Not really surprising, classic stagflation