U.S. manufacturing may be in trouble. Nearly all key indicators measuring the health of manufacturers in the world's largest economy have disappointed over the past year.
Depending on which report you read from the same source, the U.S. economy is doing extremely well and also in danger of slowing sharply.
The latest euro zone flash purchasing managers' indexes may have surprised slightly on the higher side, but many are still not convinced that better economic growth is coming later this year.
"Nothing to see here, folks" was the reaction most analysts had to a completely shocking report earlier this week that showed manufacturing business conditions in New York State deteriorated at their fastest pace since the start of the financial crisis.
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
The recent stretch of dire economic data from Germany is starting to bear an unfortunate resemblance to late 2008 – when Lehman Brothers collapsed and the world tipped into the worst recession since the Great Depression.