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The purchasing managers' indices in many emerging markets have fallen below 50, indicating a contraction in manufacturing (see chart 2).The second challenge posed by the weaker yen is the potential deflationary effect.
In three of the countries in the chart, China, Britain and Japan, the purchasing managers' indices compiled by Markit, a vendor of financial information, are above 50, indicating that manufacturing is growing again.
Most of the economic indices of late such as the lowering of growth rates to jut 0.7% confirm the widely held view across Dublin and the entire Republic that 2012 is going to be another year of fiscal pain and sacrifice.
How should one understand the disconnect between the new highs reached by global equity indices and the new depths plumbed by real interest rates worldwide?
All the indices of prejudice were up with the worst attitudes reserved for members of the Travelling community.
The main European indices rose, led by France with a 2.29% gain.
That sent jitters through stock markets too, with share indices down around Europe.
Then, the two indices began to diverge, with GPI holding steady while GDP continued to increase.
More powerful computers could create more comprehensive indices, but why not just use the naturally occurring structure of the web?
There the pace of price decline, as measured by the S&P/Case-Shiller indices, has been accelerating.Britain is something of an exception.
America has several house-price indices and they tell different stories.
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