Global Manufacturing PMI's (December 2011)

This graph from Reuters shows the global manufacturing PMIs. The PMI stands for Purchasers Managers Index. As I explained in this post (with PMI data for EU in November 2011) the index shows when the index is at 50 that there is no change in manufacturing. Anything below 50 means a decline in activity; similarly above 50 means an increase. 

As you can see in the graph for most countries the PMI is improving, yet still under 50.