IYJ

Flash PMIs for September 2020 around the world add more evidence to the possibility of a global slowdown during the economy's all-important rebound quarter.Credit spreads are up modestly again, having already plateaued somewhat around late July.July economic concerns continue, the first real challenge in dollar tightening since June, with several key indications being folded into that negative mix.

The latest index came in at 11, down 3 from last month's 14, which indicates expansion in September.The future outlook decreased from 19 last month to 18 this month.Below is a snapshot of the complete Kansas City Fed Manufacturing Survey.

Industrial production for August shows that the recovery from the bottom of the coronavirus recession has come close to stalling out.Overall industrial production grew by 0.4%, while July was revised higher by 0.5%.Manufacturing production grew just under 1.0%.

The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico.Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001.Future factory indexes increased in August from 14 from last month to 19.