Zeroing In on II-VI

Despite better-than-expected weekly jobless claims this week, global purchasing managers' indices suggest a slow-growth global manufacturing economy. The final euro zone manufacturing purchasing managers index (PMI) for October fell to 47.1, revised down from a preliminary reading of 47.3 and down from 48.5 in September. China's purchasing manager's index was 50.4 for October, the lowest reading since February 2009, according to the China Federation of Logistics and Purchasing.

All of the key components of China's October PMI -- new orders, production and new export orders -- all fell month over month. The drop in that last component, new export orders, reflects growing weakness in Europe and lackluster growth domestically. ...953 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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