Roman Didkivskyi At 50.3, the Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global Market Intelligence, remained above the 50.0 neutral mark (and therefore marginally in expansion territory) for a third successive month in April, albeit the rate of improvement moderating fractionally from March’s 20-month high of 50.6. Despite the cooling in the…
Maks_Lab Average prices charged for goods and services rose worldwide at a steeper rate for a second consecutive month in March, according to S&P Global PMI business surveys, hinting at historically elevated stickiness of consumer price inflation at the global level in the coming months. Upward price pressures were primarily linked to increased labour costs…
rarrarorro Eurozone manufacturing output has contracted in all bar two of the past 22 months, according to the PMI® survey data compiled by S&P Global. The data follow official statistics showing production in January was some 7.0% lower than a year ago. With the exception of the pandemic lockdowns, this represented the steepest annual rate…
da-kuk Japan’s private sector picked up growth momentum into the end of the first quarter, according to flash PMI data. This was attributed mainly to faster service sector expansion, though manufacturing output also declined at a slower rate in March. Notably, services new business grew at the quickest pace in nine months, helping to drive…
Maksim Labkouski Global PMI rises for fourth straight month to hit eight-month high S&P Global’s PMI surveys indicated that the global economy gained further growth momentum in February. At an eight-month high of 52.1, against 51.8 in January, the headline PMI covering manufacturing and services over 40 economies has now risen for four consecutive months….
General_4530/Moment via Getty Images January’s global PMI data signalled improving global economic conditions at the start of 2024, in addition to a brightened outlook, with the sun shining especially brightly upon the financial services sector amid a loosening of financial conditions. However, further improvements hinge largely on the outlook for global interest rates and inflation….
gopixa/iStock via Getty Images The UK economy continues to dodge recession, according to the flash PMI data, with growth picking up some momentum at the end of the year to suggest that GDP stagnated over the fourth quarter as a whole. The economy’s resilience, combined with a sticky inflation picture in the December PMI data,…
Avalon_Studio The dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis led the move, appreciating by about 0.55%-1.40% against the US dollar. The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most of last week consolidating…
AlxeyPnferov Japan’s private sector growth ground to a halt in November according to the latest flash PMI data, which is based on about 85%-90% of total PMI survey responses each month. This was mainly attributed to a sharper fall in manufacturing output as service activity expanded at a slightly faster pace in the penultimate month…
Maksim Labkouski Hopes of a soft landing for the US economy will be encouraged by an improved situation seen in October, with headline flash PMI rising to a three-month high. Future optimism also improved, in part due to hopes of interest rates having peaked, something which looks increasingly likely given a further cooling of inflationary…
Ca-ssis October’s flash PMI data revealed that Japan’s private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufacturing production, though services activity growth also slowed to the weakest in the year-to-date. At the same time, forward-looking indicators outlined the likelihood for further…
tum3123 Global economic growth near-stalled for a second straight month in September amid a sustained contraction of developed market activity and an easing in the rate of emerging market expansion, according to the latest PMI indications. Slower expansions of both manufacturing and service sector activity caused overall emerging market output to expand at the weakest…
William_Potter The most important outcome of the last week’s flurry of central bank meetings was the median forecast of Fed officials for 50 bp less in cuts next year than it had anticipated in June as it revised up its growth forecasts for this year and next. The prospect for higher rates for pushed equities…
TERADAT SANTIVIVUT US business activity growth remained close to stalled for a second month in a row in September, according to flash PMI data compiled by S&P Global, suggesting that the pace of economic growth has weakened in the third quarter. Companies reported that demand remains under pressure from the increased cost of living and…
solidcolours/iStock via Getty Images The Global PMI data – compiled by S&P Global across over 40 economies and sponsored by JPMorgan – showed average prices charged for goods and services continuing to rise at an elevated rate by historical standards in August. Although some cooling in service sector inflation was evident, rising wage pressures combined…
Vitalij Sova Manufacturers’ New Orders for Durable Goods and the PMI (Purchasing Managers’ Index) for manufacturers were reported last week. Durable Goods Orders vs. PMI compares these two series monthly from Feb 1982. The rule of thumb which has been repeated many times is that when the PMI falls below 50, it forecasts recessions. This…
TERADAT SANTIVIVUT US business activity growth came close to stalling in August, according to flash PMI data compiled by S&P Global. The survey shows that the service sector-led acceleration of growth in the second quarter has faded, accompanied by a further fall in factory output. Companies reported that demand is looking increasingly lethargic in the…
primeimages The global economy continued to lose growth momentum at the start of the second half of 2023, underpinned by waning of service sector growth momentum and a deepening manufacturing downturn. Whether this continues in August and to what extent, if so, will be eagerly watched with the upcoming flash PMI releases for major developed…