World Economy Barometer - a curate's egg

14 June 2013

It's hard to read the runes of global business surveys this month. On the plus side activity is up. The UK and Japan performed well, with businesses reporting above trend activity. Even firms in the eurozone are slightly less pessimistic than there were. Yet manufacturing remains subdued. China and Taiwan, big exporters both, continue to slide, indicating a softening in global trade in the coming months. In short, a curate's egg.

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