PMI

11/2/18 9:30 am EDT

Key findings:

  • Final Eurozone Manufacturing PMI at 52.0 in October (Flash: 52.1, September Final: 53.2)
  • Fall in order books as exports decline for the first time in nearly five-and-a-half years
  • Trade concerns push confidence down to lowest level since December 2012

The ongoing growth slowdown of the eurozone manufacturing economy continued at the start of the fourth quarter.

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11/1/18 12:15 pm EDT

LONDON--(BUSINESS WIRE)--Canadian manufacturers reported a sustained upturn in overall business conditions in October, but the rate of improvement slowed for the fourth month running. This was highlighted by a fall in the seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) to 53.9, from 54.8 in September. The latest reading signalled the weakest improvement in manufacturing conditions since January 2017. more...

11/1/18 11:45 am EDT

U.S. manufacturing firms signalled a strong start to the final quarter of 2018, with operating conditions improving at a faster pace in October. Driving the latest development in the health of the sector was a sharp increase in new business. The upturn in total new work reached a five-month high, though only a fractional rise in new export orders was registered. Greater production requirements and efforts to clear backlogs meanwhile led to a more...

11/1/18 11:00 am EDT

Conditions in the UK manufacturing sector slowed sharply during October. Output growth weakened, while new order inflows and employment both declined for the first time since July 2016 (the PMI survey directly following the EU referendum). The drop in new business was partly driven by rising global trade tensions and Brexit uncertainties.

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10/31/18 10:04 pm EDT

Summary:

Operating conditions in China’s manufacturing sector were little-changed from the previous month in October. Production was broadly unchanged, as total new business rose only slightly. Subdued sales were partly linked to weaker foreign demand, with export sales declining for the seventh month in a row. Relatively soft market conditions contributed to a further drop in workforce numbers, albeit modest, while buying activity rose only slightly. Furthermore, confidence regarding the more...

10/31/18 9:48 pm EDT

October survey data indicated that Japan’s goodsproducing sector began the final quarter of 2018 in growth territory, with the key measures of macroeconomic health (output, new orders and employment) all showing stronger rates of increase. New export sales also returned to growth following a recent soft patch in international demand. Prices data pointed to a sharper rate of input cost inflation, prompting firms to raise output prices to the greatest extent for ten years. Input delivery times more...

10/21/18 7:01 pm EDT

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, and Commonwealth Bank, Australia’s largest bank, today announced the launch of the first Flash PMI® for Australia. The index will be published monthly, approximately one week before final PMI data are released worldwide, making the Flash PMI the earliest available indicator of private sector business conditions in Australia. more...

10/7/18 10:12 pm EDT

Summary – Services and Composite PMI data

The latest Caixin China Composite PMI™ data (which covers both manufacturing and services) showed that Chinese business activity expanded modestly at the end of the third quarter. At 52.1 in September, the Composite Output Index was little-changed from August’s reading of 52.0, to signal that the rate of activity growth remained lacklustre compared to that seen earlier in 2018.

Analysis

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10/1/18 2:32 pm EDT

LONDON--(BUSINESS WIRE)--September data pointed to slower overall growth across the Canadian manufacturing sector, largely reflecting weaker rises in production volumes and incoming new work. A robust rate of job creation was maintained in September as manufacturers sought to boost operating capacity and reduce their backlogs of work. Meanwhile, longer delivery times from suppliers continued to influence purchasing strategies, as highlighted by another more...

10/1/18 2:30 pm EDT

LONDON--(BUSINESS WIRE)--September data indicated a strong improvement in operating conditions across the U.S. manufacturing sector. The overall performance was driven by sharper rises in output and new orders, though new business from abroad continued to expand at only a marginal pace. A faster increase in new orders contributed to greater capacity pressures, with backlogs accumulating at the joint-fastest rate since September 2015. more...

9/30/18 11:14 pm EDT

Summary

Chinese manufacturers signalled stagnant operating conditions at the end of the third quarter, following improvements in the prior 15 months. Production growth eased to a marginal pace, while total new work was broadly unchanged from the previous month. New export business fell at the quickest rate since early 2016. At the same time, companies continued to reduce their headcounts, while subdued demand conditions led to more cautious approaches to inventories and buying activity. more...

9/30/18 11:08 pm EDT

Key points:

  • Output growth sustained amid solid demand pressures
  • Input delivery times continue to lengthen sharply
  • Business confidence drops further

Data collected September 12 - 21

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9/5/18 9:30 am EDT

Data collected August 13-29

IHS Markit / CIPS UK Services PMI

UK service providers experienced a stronger increase in business activity and incoming new work during August. Improving business conditions helped to underpin a rebound in employment growth to its fastest for six months.

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9/5/18 9:15 am EDT

Data collected August 13-28

Euro area economic growth moved broadly sideways during August. The final IHS Markit Eurozone PMI® Composite Output Index came in at 54.5, up slightly from the earlier flash estimate but only a marginal improvement on July’s 54.3.

Rising activity has now been registered continuously for over five years, although growth in August remained well down on the rapid rates seen around the turn of the year. Both manufacturing production and service sector activity rose at more...

9/5/18 4:16 am EDT

Summary – Services and Composite PMI data

The latest Caixin China Composite PMI™ data (which covers both manufacturing and services) indicated that business activity growth across China weakened for the second month in a row in August. Notably, the Composite Output Index fell from 52.3 in July to a five-month low of 52.0, to signal only a modest rate of expansion.

Analysis

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9/5/18 4:08 am EDT

Latest survey data continued to point to business activity growth across Japan’s service sector. Sales volumes rose to a relatively marked degree, while firms hired extra staff at the fastest pace in 14 months. Greater payroll numbers contributed to a further month of strong input price inflation. In response, output charges were increased.

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9/4/18 12:00 pm EDT

LONDON--(BUSINESS WIRE)--August data pointed to a sharp and accelerated upturn in Canadian manufacturing output, but the latest survey also revealed a loss of momentum for new business growth. Anecdotal evidence suggested that some clients had adopted a wait-and-see approach to spending in response to heightened business uncertainty and ongoing global trade tensions.

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9/4/18 11:30 am EDT

LONDON--(BUSINESS WIRE)--August data indicated a strong overall improvement in the health of the U.S. manufacturing sector. The upturn was supported by further rises in output and new orders, and a renewed increase in export sales. That said, production rose at the weakest rate for almost a year. The latest upturn in new business drove solid increases in employment and backlogs. Meanwhile, rates of both input price and output charge inflation softened more...

9/3/18 8:15 am EDT
Key findings 
  • Final Eurozone Manufacturing PMI at 54.6 in August (Flash: 54.6, July Final: 55.1)
  • Firmer output growth, but new orders rise at slowest rate for two years
  • Concerns about tariffs and global trade weigh on confidence

Data collected August 13-23

Manufacturing operating conditions in the eurozone continued to strengthen during August, maintaining a run of expansion that now stretches to 62 months. However, posting 54.6, unchanged from the earlier flash-estimate, but down from July’s more...

9/3/18 8:11 am EDT

Key findings:

  • UK Manufacturing PMI at 25-month low of 52.8 in August
  • Job creation slows to near-stagnation    
  • Business optimism dips to 22-month low

Data collected August 13-28

Summary:

August saw further signs of slowdown in the UK manufacturing sector. Rates of expansion in output and new orders eased following the first contraction in new export business for over two years. The subdued performance of the sector also transmitted itself to the labour market, with the pace of more...

9/2/18 10:40 pm EDT

Summary

August survey data signalled a further improvement in Chinese manufacturing operating conditions. Output continued to expand, and at a quicker pace than in July. However, new orders rose at the slowest rate since May 2017, while export sales declined for the fifth month in a row. At the same time, employment remained on a downward trend which, in turn, contributed to an increase in outstanding workloads. Inflationary pressures meanwhile picked up, with firms noting steeper increases in more...

9/2/18 10:30 pm EDT

At the midway point in the third quarter, survey data signalled a twenty-fourth successive monthly improvement in the health of the Japanese manufacturing sector. In line with stronger inflows of new work, firms raised production and employment. However, business sentiment dipped amid uncertainty arising from global geopolitics. Meanwhile, cost pressures were sustained in August, leading firms to increase selling prices at the sharpest rate in almost ten years.

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8/3/18 10:45 am EDT

Key findings:

  • Business activity rises at slowest pace since April
  • Rate of job creation weakest since August 2016
  • Inflationary pressures moderate in July

Data collected July 12-27

IHS Markit / CIPS UK Services PMI

July data highlighted a disappointing start to the third quarter for the UK service sector, with business activity and incoming new work rising at softer rates than in June. There were also signs that difficulties filling staff vacancies persisted in the service economy, which contributed more...

8/3/18 10:15 am EDT

Key findings:

  • Final Eurozone Composite Output Index:
    54.3 (Flash: 54.3, June Final: 54.9)
  • Final Eurozone Services Business Activity Index: 54.2 (Flash: 54.4, June Final: 55.2)

Data collected July 12-26

The pace of euro area economic expansion eased in July, ceding most of the momentum gained in the prior survey month. At 54.3, the final IHS Markit Eurozone PMI® Composite Output Index was down from 54.9 in June and unchanged from the earlier flash estimate.  

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8/3/18 9:46 am EDT

Summary – Services and Composite PMI data

Business activity growth across China slowed at the start of the third quarter, according to the latest Caixin China Composite PMI™ data (which covers both manufacturing and services). This was shown by the Composite Output Index falling from 53.0 in June to 52.3 in July.

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