DBI Today: 47.2 (−1.9)
The headline number drifted lower again, holding onto Neutral by its fingertips after Thursday's brief stab at the 50 line. The story this time wasn't about oil or politics — it was about what the world's purchasing managers told us when they answered their monthly surveys. From London to Frankfurt to Tokyo, the message was the same: factories are still humming, but the services sector — the part of the economy where most people actually work — has hit a wall. Add in a US consumer survey at its lowest reading on record and crude oil refusing to fall, and Friday's DBI captured an economy that suddenly looks more fragile than the markets are letting on.
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