UK PMI: Manufacturing malaise sinks economy to 41-month low December 16, 2019 Private sector activity in the UK slumped again in December, dragged down by the fastest drop in manufacturing output since July 2012. Overall UK output dropped to 48.5 in December from 49.3 the previous month, hitting a 41-month low, according to the UK’s flash composite purchasing managers’ index (PMI), compiled by IHS Markit. Read more: [...]
Eurozone manufacturing PMI: Factories shrink for 10th successive month December 2, 2019 Eurozone manufacturing activity contracted for a 10th straight month in November, but factories in the bloc fared slightly better than expected as optimism rose. IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) rose to 46.9 for November, better than expected but still below the 50-point threshold indicating contraction. Read more: UK manufacturing sector continues to [...]
UK economy close to recession after stagnant service sector data September 4, 2019 Growth in the services industry lost momentum in August, indicating an overall contraction in the economy across all sectors and a drop in GDP, leaving the UK one step away from a recession. The service sector’s purchasing managers’ index (PMI) dropped to 50.6 in August, down from 51.4 in July. Any figure under 50 indicates [...]
Brexit stockpiling helps UK manufacturing hit six-month high January 2, 2019 Manufacturers are in an “edgy mood” despite Brexit stockpiling and other preparations pushing the sector to a six-month high amid concerns of a global slowdown, according to a closely followed measure of industry activity. Businesses stockpiling raw materials and goods at near-record rates to mitigate supply chain disruptions as Britain leaves the EU accounted for [...]
PMI: Survey points to slowest UK service sector growth for two years September 3, 2015 Growth in the UK’s service sector has slowed to its lowest rate in over two years, according to new survey data, sparking concerns over the health of the economy. Markit’s purchasing managers’ index fell to a 27-month low of 55.6 in August, nearer to the 50 level which indicates flat activity, according to figures released [...]
PMIs: Services boost in Germany and Spain as Russia and France falter September 3, 2015 Germany and Spain's services industries appear increasingly healthy, after both countries posted better-than-expected purchasing managers' index (PMI) figures for August this morning – but things are looking less rosy for France and Russia. Germany experienced its strongest rise in business activity since March, with the services business activity index rising to 54.9 in August, [...]
PMI: UK construction growth accelerates again in August thanks to cheaper energy September 2, 2015 The UK’s construction sector expanded at a faster pace in August, according to survey data released today. Markit’s construction purchasing managers’ index ticked up to a score of 57.3 from July’s 57.1, moving further above 50 “no change” mark. Higher levels of business activity have now been recorded in every month since May 2013 – although [...]
UK manufacturing PMI falls in August as strong pound and uncertainty in China take their toll September 1, 2015 Manufacturing activity in the UK dipped unexpectedly last month, figures published today showed – suggesting uncertainty about China may have spread. Markit's purchasing managers' index (PMI) for the sector fell to 51.1 in August, down from 51.9 in July – and considerably below the 52 expected. Any figure above 50 denotes a contraction in the [...]
Markit UK construction PMI: Growth loses momentum in July August 4, 2015 The UK's construction sector unexpectedly lost momentum in July as growth in housebuilding and civil engineering slowed. The widely watched Markit/CIPS UK construction purchasing managers’ index (PMI) slowed to 57.1 in July, from 58.1 a month earlier, also missing economists' expectations for a reading of 58.4. Any number above the crucial 50 mark implies expansion. Growth [...]
UK services sector PMI: Growth smashed expectations in June July 3, 2015 Growth in the UK services sector beat economists' expectations last month, suggesting economic growth will pick up in the second quarter of this year. The widely watched Markit/CIPS UK services PMI came in at 58.5, beating economists' expectations of 57.5, and above May's five-month low of 56.5. It was above the crucial 50 mark which indicates [...]