As June PMIs point to continuing recovery, has the Eurozone finally turned the corner? June 23, 2015 Anna Stupnytska is global economist at Fidelity Solutions. @AnnaStupnytska, says Yes The Eurozone recovery is becoming well-entrenched, with Flash Purchasing Managers’ Indices for June pointing to further acceleration in the second quarter. Labour market healing continues and inflation is out of deflationary territory. Crucially, this improvement has been broad-based across the Eurozone. Four main tailwinds [...]
UK services sector activity surges as PMI jumps in March April 7, 2015 Activity in the UK's services sector surged in March, new data suggests: Markit's purchasing managers' index (PMI) rose to 58.9 in March, its highest in seven months. Not only was the figure a sharp rise on the previous month's reading of 56.7, it was also way above the 57 analysts were expecting. Any figure above 50 [...]
UK manufacturing PMI hits eight-month high in April’s Markit survey April 1, 2015 The UK's manufacturing sector grew at its fastest rate in eight months in March, in what could prove another boost to the Conservatives' economic record heading into May's General Election. Markit's Purchasing Managers Index (PMI) came in at 54.4 in March, up on February's 54.1 and its highest since July last year. The boost came [...]
PMI: UK manufacturing gets off to a good 2015 as costs drop while orders grow February 2, 2015 UK manufacturing has had a good start to the year, with output and new orders both shrugging off the slowdown at the end of last year. Figures out this morning show that the UK's manufacturing PMI rose to 53 in January, up from 52.7 in December, which was itself revised up from 52.5. [...]
Eurozone services PMI disappoints in December January 6, 2015 It's yet more bad news for the eurozone economy after miserable growth in its three largest economies ensured the single currency bloc disappointed again in December. The eurozone's three biggest economies – France, Italy and Germany – had disappointing performances according to Markit's final December Composite Purchasing Managers' Index (PMI). The index, where any reading [...]
Global growth slows despite oil price boost, PMI data shows December 16, 2014 Global growth is experiencing an end-of-year cooling despite plummeting global oil prices, a raft of data has shown. The flash Eurozone services purchasing managers’ index (PMI) – a survey of private sector firms in the service sector – edged upward to 51.9 for December from November’s 51.1, according to figures released by Markit yesterday. A [...]
Osborne gets last minute economic boost: UK service sector growth surges again while Europe hits 11-month low in latest PMI December 3, 2014 The UK’s service sector surged ahead of expectations in November as growth hit an 11-month low in the Eurozone, telling two very different stories of economic activity. The latest Purchasing Managers Index (PMI) came in at 58.6 for November, ahead of the 56.5 expected and 56.2 in October, in another boost for the UK economy [...]
PMI signals “weakest Eurozone growth” for more than a year November 20, 2014 The speed of recovery in the Eurozone has slowed down again in November, Markit's Purchasing Managers' Index (PMI), published this morning, suggests The flash composite index, which measures output in the region, fell to 51.4, its lowest in 16 months, and down from 52.1 in October. The figure is still above the 50 mark, below [...]
Eurozone PMI: Contraction in French services raises fears of third recession November 5, 2014 France continues to earn its title of the “sick man of Europe” with its service sector showing signs of contracting. The services purchasing managers’ index (PMI) – a survey of firms in the service sector – registered 48.3 for France in October, according to figures released yesterday by Markit. A score below 50 signals contraction. [...]
Eurozone manufacturing: UK outstrips Europe in the battle of the PMIs November 3, 2014 Manufacturing data published this morning confirmed what many already suspected: manufacturing activity in the UK is outstripping the Eurozone and has opened an economic gap on China. For October, the Eurozone’s manufacturing purchasing managers’ index (PMI) was at 50.6, while China’s was at 50.4. Both a hair’s breadth from the 50 point mark that separates [...]