This is the second of a 10-part blog series where I will go through each of the charts from the 10 Charts to Watch in 2019. The purpose is to add some extra comments and context around the charts, as well as to explain some of the finer details of the indicators. This time we look at the global manufacturing PMIs, and specifically at the somewhat divergent trend seen in Emerging Markets vs Developed Markets. Basically EM appears to be starting to stabilize or at least for now has stopped softening, meanwhile DM economic momentum has slowed markedly - 'catching down' toward EM. Being diffusion indicators, the PMI or ... (full story)