Eurozone manufacturing sector’s recovery continues despite restrictions November 2, 2020 The Eurozone manufacturing sector’s rapid expansion continued in October, driven by a boom in demand for German goods as economies reopened, a survey has shown. However, the manufacturing growth comes against a backdrop of a slowdown in the services sector as coronavirus cases rise and governments impose new restrictions. The IHS Markit manufacturing purchasing managers’ [...]
UK PMIs: Business activity slowed less than thought in September October 5, 2020 Britain’s economy proved more resilient than initially thought last month, with business activity continuing to grow despite the introduction of fresh lockdown restrictions and the end of the Eat Out to Help Out scheme, a major survey showed. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) for the services sector dropped to 56.1 in September from [...]
UK PMI: Historic slump in private sector activity levelled off in June July 3, 2020 The historic slump in activity in the UK’s private sector levelled off last month as sections of the economy began to reopen following an easing of lockdown measures, new purchasing managers’ index (PMI) readings showed. The final IHS Markit composite PMI reading for last month came in at 47.7 — slightly higher than the flash [...]
Chinese services sector grew at fastest pace in a decade in June July 3, 2020 China’s services sector expanded at the fastest pace in over a decade in June as the easing of lockdown measures revived consumer demand, although companies continued to cut jobs. The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 58.4 — the highest reading since April 2010 and up from May’s 55. Any figure over 50 [...]
Eurozone manufacturing downturn eased in June as lockdowns loosened July 1, 2020 The downturn in eurozone manufacturing was not as bad as initially thought in June after many countries in the bloc eased lockdown restrictions. IHS Markit’s final manufacturing purchasing managers’ index (PMI) reading for the bloc moved closer to the 50-mark separating growth from contraction last month, coming in at 47.4. The reading marks a significant [...]
UK manufacturing activity steadies in June following historic slide July 1, 2020 Activity in the UK’s manufacturing sector grew narrowly in June as lockdown measures were eased, with companies reporting a small increase in output following the historic collapse triggered by coronavirus. June’s final reading for the IHS Markit/Cips manufacturing purchasing managers’ index (PMI) came in at 50.1, compared to May’s 40.7. Any reading above 50 on [...]
US PMI: Downturn eases in June as coronavirus restrictions lifted June 23, 2020 US private sector activity contracted for a fifth straight month in June, but the pace of decline eased as the world’s largest economy began to lift coronavirus lockdowns, according to a flash PMI survey. IHS Markit’s flash composite PMI reading, which which tracks the manufacturing and services sectors, rose to a reading of 46.8 last [...]
Eurozone PMI: Coronavirus downturn slows as lockdowns ease June 23, 2020 The historic eurozone economic downturn slowed markedly for the second month running in June as lockdowns were further relaxed, but a V-shaped recovery may be unlikely, according to new PMI surveys. IHS Markit’s flash purchasing managers’ index (PMI) reading showed the eurozone hit a four-month high with a score of 47.5 in June. Anything below [...]
Eurozone PMI: Growth hits six-month high but coronavirus casts a shadow March 4, 2020 Growth in the Eurozone’s private sector hit a six-month high in February, but the possibility of further disruption from the ongoing coronavirus outbreak loomed. IHS Markit’s composite Eurozone purchasing managers’ index (PMI) for February came in at 51.6, unchanged from an earlier flash reading. Any figure above 50 signals growth, while one under 50 indicates [...]
US PMI: Factory output contracts for the first time in six years February 21, 2020 US economic output shrank for the first time since October 2013 today as the service sector reported its worst performance for four years. According to IHS Markit Purchasing Managers’ Index (PMI) data, the composite output index fell to 49.6 from 53.3 in January, reaching a 76-month-low. The drop was driven by services, which fell to [...]