LIVE: Thousands Of Companies Around The World Reveal The Truth About Global Economy

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HEADS UP: The world's biggest economies are releasing their April manufacturing PMI reports. And this is our scorecard.

So far, the reports reflect a global deceleration.

China's official manufacturing PMI report slipped to 50.6 from 50.9 in March.  China's unofficial HSBC PMI fell to 50.4 from 51.6.

In the U.S., the ISM and PMI manufacturing reports each fell.

However, the Chinese and U.S. numbers all remain above 50.0, which indicates expansion.

The economies of the eurozone will publish their reports in a few hours.  The consensus is broadly looking for contraction in the region.  The question is just how ugly things are.

PMI

At the beginning of each month, Markit, HSBC, RBC, JP Morgan and several other major data gathering institutions publish the latest local readings of the manufacturing purchasing managers index (PMI) for countries around the world.

PMI is one of the best leading indicators of the economy. 

Each reading is based on surveys of hundreds of companies. Read more about it at Markit.

These are not the most closely followed data points.  However, the power of the insights is unparalleled. Jim O'Neill, the former Goldman Sachs economist, believes the PMI numbers are among the most reliable economic indicators in the worldBlackRock's Russ Koesterich thinks it's one of the most underrated indicators.

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April 29, April 30 (All Times EDT)

April 30, May 1

May 1, May 2

  • 8:00 p.m. South Korea: HSBC Manufacturin g PMI52.6 , up from 52.0
  • 9:45 p.m. China: HSBC Manufacturing PMI50.4 , down from 51.6
  • 10:00 p.m. Taiwan: HSBC Manufacturing PMI50.7 , down from 51.2
  • 10:00 p.m. Vietnam: HSBC Manufacturing PMI51.0 , up from 50.8
  • 1:00 a.m. India: HSBC Manufacturing PMI — from 52.0
  • 3:00 a.m. Turkey: HSBC Manufacturing PMI — from 52.3
  • 3:00 a.m. Poland: HSBC Man ufacturing PMI — from 48.0
  • 3:15 a.m. Spain: Markit Manufacturing PMI — from 44.2
  • 3:45 a.m. Italy: Markit/ADACI Manufacturing PMI — from 44.5
  • 3:50 a.m. France: Markit Manufacturing PMI — from 43.8
  • 3:55 a.m. Germany: Markit/BME Manufacturing PMI — from 49.0 
  • 4:00 a.m. Greece: Markit Manufacturing PMI — from 42.1
  • 4:00 a.m. Eurozone: Markit Manufacturing PMI — from 46.8
  • 9:00 a.m. Brazil: HSBC Manufacturing PMI — from 51.8
  • 10:30 a.m. Mexico:  HSBC Manufacturing PMI — from 52.2
  • 11:00 a.m. Global: JPMorgan Manufacturing PMI — from 51.2
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