Zerohedge:

Following Xi's earlier speech reassuring Yellen that the "Chinese economy is stable," and the Yuan tumbled 0.25% against the USD ahead of the data. China's Flash Manufacturing PMI printed a disastrous 47.0 (against expectations of a slight rise to 47.5 from August's 47.3). This is the lowest print since March 2009.


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In a story today discussing the weaker than expected manufacturing data out of the Chicago manufacturing region, CNN framed some economic data as such:
CNN
Stocks Fall on Scary Manufacturing Data
NEW YORK (CNNMoney) -- Investors were spooked after a dismal report on manufacturing in the United States...

Stocks opened lower but the sell-off gained steam ( Read more... )

Global Double Dip Recession 2012
In yet another indication that the European double dip recession of 2011 is going global and becoming a global double dip recession 2012, JP Morgan's Global Manufacturing PMI slid further below the break-even level of 50 last month, with some European and Asian nations experiencing their worst monthly contractions ( Read more... )

China Recessionary Despite Govt. Data

Data out of China, particularly its glorified GDP, is really pretty fluffy stuff. But in a rare moment of candor from future premier Li Keqiang, he admitted that China's official GDP stats are merely "man made," and therefore unreliable, adding with a smile that he regarded them as being "for reference only."

It' ( Read more... )

Bloomberg:
European April Services, Manufacturing Contract for 11th MonthEurope’s manufacturing and service industries contracted for an 11th month in April as companies cut output in response to weakening global demand. The pace of the decline in activity slowed ( Read more... )

Reports Date Time For Median Estimate Last Period Chicago PMI Tuesday, Mar. 31 9:45 a.m. March 34.9 34.2 Consumer Confidence Index Tuesday, Mar. 31 10:00 a.m. March 25.4 25.0 ISM Index, Manufacturing Wednesday, Apr. 1 10:00 a.m. March 36.0 35.8 Construction Spending Wednesday, Apr. 1 10:00 a.m. February ( Read more... )

The first article may have been written with a dash of positive spin tossed in ( Read more... )

In a 180 of what is reportedly going on in China, countries in the EU are finding not only their manufacturing, but their service sector in accelerating decline, hitting record lows, and further suggesting that Q1 of 2009 could be plumbing even deeper depths of decline, and at an even faster rate, than the region endured in the final three months ( Read more... )

http://www.bloomberg.com/?b=0&Intro=intro3Read more... )