Category: PMI
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Jobs axed at second-fastest pace since global financial crisis, PMI survey shows
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British companies have reduced jobs last month at an unprecedented rate outside the epidemic since 2009, as many companies have been looking to go to the impact of higher employment taxes and the high national living fee scheduled in April. New flash data from the UK’s S & P Global…
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New Zealand services PMI for September 2024: 45.7 (prior 45.5)
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BNZ – BusinessNZ Services Performance Index for September 2024 remains in contraction at 45.7 August was 45.5 Seven consecutive months of contraction BNZ Chief Economist Doug Steele: “Moves in the PSI sub-indices were mixed in September, but all have remained below 50 for seven straight months. While lower interest rates…
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UK September final services PMI 52.4 vs 52.8 prelim
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Final Services PMI 52.4 versus 52.8 expected and 53.7 previous. Final Composite PMI 52.6 vs. 52.9 expected and 53.8 previous. Key findings: Business activity growth fell to a three-month low in September. Strong order books support a positive business outlook for next year. Inflation rates slow for the third month…
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Japan Jibun Bank September Manufacturing PMI (final): 49.7 (prior was 49.8)
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Japan Manufacturing PMI for September 2024, final from S&P Global/Jibun Bank. Another shrinkage result. Primary here: Key points in the report: Production levels fall for the second time in three months The slowest rise in employment levels in the current seven-month sequence Excise duty inflation reaches its lowest levels since…
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China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)
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China PMIs from own survey These are not good results, but they are old and outdated news now given all the stimulus announcements from China in the past week. previously: China official PMI data: manufacturing 49.8 (49.5 expected) — — China has two primary Purchasing Managers’ Index (PMI) surveys –…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Dollar bounces off lows; euro hit by weak PMI data By Investing.com
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The U.S. dollar rose on Monday, pulling away from a one-year low hit last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.5% at 100.925, just above…
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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Australia preliminary Sept PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5)
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The preliminary Australian manufacturing PMI from S&P Global Platts slips deeper into contraction at 46.7 Services decline but remain in expansion at 50.6 The composite index declined due to a decline in the manufacturing PMI, with the composite index recording 49.8. Summary of the report commentary: Manufacturing sector shrinks, registering…
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UK August construction PMI 53.6 vs 54.9 expected
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The reading is slightly lower than in July but still looks good. New order growth remains strong while housing activity rebounded to its fastest pace since September 2022. Commercial activity remains the best performing sector but all sectors – including civil engineering – are growing, so this roughly sums up…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)
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Over the weekend, we got the official PMIs: China Manufacturing PMI for August 49.1 (49.5 expected), Services 50.3 (50.0 expected) More details: The Caixin S&P Global Manufacturing Purchasing Managers’ Index was much better, at 50.4. From the report, in brief: Demand rose as total new orders resumed growth, with demand…
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Australia August Manufacturing PMI 48.5 (prior 47.5)
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Australia – Judo Bank/S&P Global Manufacturing PMI for August 2024, comes in at three-month high of 48.5 Previous 47.5 Quick read here: Australia PMI Flash August: Manufacturing 48.7 (previous 47.5) Services 52.2 (previous 50.4) Comment on the report, in summary: Not a manufacturing recession, but a prolonged soft landing. Capacity…
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China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)
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Official China PMI for August 2024 from the National Bureau of Statistics (NBS) More to come — The Chinese economy has shown, and continues to show, an uneven and unbalanced recovery. Key areas of concern include: Uncertain outlook for debt-ridden real estate sector Consumer confidence and demand decline Excess manufacturing…
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Japan rises on positive PMI, others muted amid economic uncertainty By Investing.com
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Most Asian stocks rose on Thursday amid growing optimism about lower U.S. interest rates, but overall gains were limited as a downward revision to payrolls data rattled markets. Japanese stocks posted their best performance on record on the day as purchasing managers’ index data showed sustained growth in the country’s…