UK services PMI soars to 59.1 in July August 5, 2014 The data is out: the services purchasing managers' index (PMI) was up to 59.1 in July, higher even than June, putting the headline figure at an eight-month high. The general consensus was that the figures would be up to 58.0 from 57.7. Such an increase could mean a stronger pound. Any reading above 50 indicates [...]
Chinese services PMI at its lowest since records began August 5, 2014 The Chinese services purchasing managers' index came in at 50.0 for July, its lowest reading since data collation began in November 2005. According to research by HSBC and Markit, the sector was stagnant as a result of slowing market conditions in the property sector. Any reading above 50.0 indicates growth, and this is the first [...]
Asian markets buoyant on Chinese PMI data June 3, 2014 Asian markets are up for the second day after data showed the Chinese services sector grew at its fastest pace in six months in May. The official non-manufacturing purchasing managers' index rose from April's 54.8 to 55.5 in May, according to the National Bureau of Statistics. New orders reached an eight-month high of 52.7, up [...]
UK services PMI suffers biggest drop in a decade September 5, 2011 Activity in the UK’s dominant services sector slowed at the fastest pace in a more than a decade last month, and firms’ confidence in future business weakened to a one-year low, new data shows. The Markit/CIPS services purchasing managers’ index (PMI) fell to 51.1 in August from 55.4 in July. This was the second-biggest fall [...]
UK services PMI suffers biggest drop in a decade September 5, 2011 Activity in the UK’s dominant services sector slowed at the fastest pace in a more than a decade last month, and firms’ confidence in future business weakened to a one-year low, new data shows. The Markit/CIPS services purchasing managers’ index (PMI) fell to 51.1 in August from 55.4 in July. This was the second-biggest fall [...]
UK construction PMI weaker than expected May 4, 2011 Activity in Britain’s construction sector slowed more than expected last month, a survey of purchasing managers by Markit/CIPS showed. The Markit/CIPS headline construction PMI index fell to 53.3 in April from 56.4 in March. Economists had expected a more modest slowdown in the index to 55.5. Both the housing and civil engineering sub-industries registered weaker [...]
Manufacturing PMI at 7-month low May 3, 2011 Manufacturing activity grew less robustly than expected in April, at its weakest pace in 7 months, and a sharp slowdown in new orders cast a cloud over what has been a rare bright spot in the economy. The Markit/CIPS manufacturing PMI headline index, published on Tuesday, fell to 54.6 in April, its lowest since September, [...]