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PMI® Commentary and Analysis

Reliable and timely insight into the health of the global economy

Insights from our monthly Purchasing Managers’ Index™ (PMI®) survey data enable financial and corporate professionals to better understand where economies and markets are headed and uncover opportunities

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Economics Commentary Sep 16, 2020

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Economics Commentary Sep 15, 2020

Eurozone factories report slower progress in climb out of lockdowns

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Week Ahead Economic Preview: Week of 14 September 2020

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  1. Renewed Japanese manufacturing downturn in May amid fresh trade war escalations

    23 May 2019 Bernard Aw

    Japan’s manufacturing woes persisted in the middle of the second quarter, according to flash PMI, as intensifying trade war fears weighed on...

    • Purchasing Managers’ Index (PMI)
  2. Australia Flash PMI points to tentative revival in economic growth

    23 May 2019 Bernard Aw

    Flash PMI shows Australian economy lurching back into growth territory midway through the second quarter, driven by a revival in services activity....

    • Purchasing Managers’ Index (PMI)
  3. South Africa PMI reveals economic fragilities as government loses popularity

    21 May 2019 David Owen

    Reflective of declining sentiment amid social and economic woes, President Cyril Ramaphosa now has a hard task to bring the country out of its...

    • Purchasing Managers’ Index (PMI)
  4. Manufacturing and trade dampen Japan's economic growth in first quarter

    21 May 2019 Joseph Hayes Chris Williamson

    Japan’s economy expanded more than expected in the opening quarter of 2019, but growth looks set to weaken in the second quarter

    • Purchasing Managers’ Index (PMI)
  5. Comparisons of US regional business surveys, the ISM and IHS Markit PMI

    20 May 2019 Chris Williamson

    S&P Global PMI data outperform ISM and regional manufacturing surveys in accurately predicting official data

    • Purchasing Managers’ Index (PMI)
  6. Week Ahead Economic Preview: Week of 20 May 2019

    17 May 2019 Rajiv Biswas Sian Jones Chris Williamson Joseph Hayes

    Economic data will take a back seat to escalating US-China trade tensions, the impact of which is the focus of our special report. Similarly...

    • Purchasing Managers’ Index (PMI)
  7. UK job market shows signs of cooling as uncertainty hits demand for staff

    15 May 2019 Chris Williamson

    Weak labour market survey data have contrasted with encouragingly buoyant official data in recent months, but behind robust headline numbers...

    • Purchasing Managers’ Index (PMI)
  8. Domestic demand expected to drive Greek manufacturing growth in 2019

    13 May 2019 Sian Jones

    The Greek manufacturing sector has provided one of the few sparks of light in the general gloom of PMI figures across the global goods-producing...

    • Purchasing Managers’ Index (PMI)
  9. Aluminium price fall to gain momentum in second quarter

    13 May 2019 David Owen

    Survey data has shown manufacturers struggling at the start of 2019, with heavy users of aluminium having seen business conditions deteriorate...

    • Purchasing Managers’ Index (PMI)
  10. Week Ahead Economic Preview: Week of 13 May 2019

    09 May 2019 Bernard Aw Sian Jones Joseph Hayes Chris Williamson Rajiv Biswas

    US-China trade wars will be at the forefront of the news flow in the coming week, amid the spectre of escalating tit-for-tat tariffs. Our special...

    • Purchasing Managers’ Index (PMI)
  11. PMI signals further near-stalling of global manufacturing at start of second quarter

    07 May 2019 Chris Williamson

    Worldwide PMI surveys indicated that manufacturing once again broadly stagnated in April

    • Purchasing Managers’ Index (PMI)
  12. Service sector drives Chinese economic growth at start of second quarter

    07 May 2019 Bernard Aw

    The Caixin PMI surveys showed the Chinese economy retaining solid business activity growth at the start of the second quarter

    • Purchasing Managers’ Index (PMI)
  13. Week Ahead Economic Preview: Week of 6 May 2019

    03 May 2019 Bernard Aw Sian Jones Joseph Hayes Chris Williamson Rajiv Biswas

    Service sector PMI surveys will provide an important steer on worldwide economic growth trends, and could influence policy direction at key central...

    • Purchasing Managers’ Index (PMI)
  14. UK PMI surveys show economy treading water in April

    03 May 2019 Chris Williamson

    April’s PMI surveys indicated only a marginal rise in UK business activity

    • Purchasing Managers’ Index (PMI)
  15. Eurozone Manufacturing PMI holds close to six-year low at start of second quarter

    02 May 2019 Chris Williamson

    The euro area’s manufacturing sector remained deep in decline at the start of the second quarter

    • Purchasing Managers’ Index (PMI)
  16. Manufacturing stock build raises alarm for future production

    01 May 2019 Chris Williamson

    The S&P Global/CIPS UK Manufacturing PMI indicated that output growth slowed in April, despite some firms reporting a boost to production from...

    • Purchasing Managers’ Index (PMI)
  17. US enjoys strong first quarter, but flash PMI shows growth fading in April

    29 April 2019 Chris Williamson

    The US economy grew faster than economists expected in the first quarter, but a robust pace of expansion had been signalled ahead by the PMI....

    • Purchasing Managers’ Index (PMI)
  18. Week Ahead Economic Review: Week of 29 April 2019

    26 April 2019 Bernard Aw Sian Jones Joseph Hayes Rajiv Biswas Chris Williamson

    The turn of the month always sees a hectic economic calendar, and the coming week is even busier than usual.

    • Purchasing Managers’ Index (PMI)
  19. Japanese manufacturing's steep downturn extends into April

    18 April 2019 Bernard Aw

    Japan’s manufacturing economy remained stuck in a downturn at the start of the second quarter as the global trade slowdown continued to take...

    • Purchasing Managers’ Index (PMI)
  20. IHS Markit flash US PMI signals weak start to second quarter

    18 April 2019 Chris Williamson

    The flash PMI surveys indicate that the US economy started the second quarter with its slowest expansion since mid-2016

    • Purchasing Managers’ Index (PMI)
  21. Rebound hopes fade as flash Eurozone PMI signals slow start to second quarter

    18 April 2019 Chris Williamson

    The eurozone economy started the second quarter on a disappointing footing, with the flash PMI falling below consensus expectations to one of...

    • Purchasing Managers’ Index (PMI)
  22. UK pay growth hits decade high, but job market set to cool in coming months

    17 April 2019 Chris Williamson

    The latest official data showed the UK job market remained encouragingly buoyant in February

    • Purchasing Managers’ Index (PMI)
  23. Falling US manufacturing output confirmed by official data

    16 April 2019 Chris Williamson

    The latest official data showed US manufacturing falling in the first quarter

    • Purchasing Managers’ Index (PMI)
  24. Softer growth of Malaysian industrial output points to slower GDP expansion

    12 April 2019 Bernard Aw

    Official data brought more news of a growth slowdown in the Malaysian economy, with signs that a combination of a weaker external environment...

    • Purchasing Managers’ Index (PMI)
  25. Week Ahead Economic Preview: Week of 15 April 2019

    12 April 2019 Bernard Aw Chris Williamson Rajiv Biswas Sian Jones Joseph Hayes

    With concern growing about a global economic slowdown, the coming week sees some important data releases to add guidance for the world's largest...

    • Purchasing Managers’ Index (PMI)
  26. UK economy's resilience in February likely to fade

    11 April 2019 Chris Williamson

    The UK economy grew by more than expected in February, but survey data suggest the rate of expansion is set to weaken in coming months

    • Purchasing Managers’ Index (PMI)
  27. Week Ahead APAC Economic Preview: Week of 8 April 2019

    08 April 2019 Rajiv Biswas Chris Williamson Bernard Aw

    The release of trade data across several Asian economies, as well as the ECB monetary policy meeting, will be the main highlights of the coming...

    • Purchasing Managers’ Index (PMI)
  28. Heightened Brexit uncertainty hits UK staff hiring in March

    05 April 2019 Annabel Fiddes

    The latest Report on Jobs indicates that heightened uncertainty led UK companies to delay or cancel staff hiring in March

    • Purchasing Managers’ Index (PMI)
  29. Eurozone productivity slides at slower pace amid stabilisation in the service sector

    05 April 2019 Pollyanna De Lima

    Despite moderating in March, the downturn in labour market efficiency across the eurozone was stretched to 12 months

    • Purchasing Managers’ Index (PMI)
  30. Global economy gains momentum in March but sentiment grows gloomier

    04 April 2019 Chris Williamson

    The pace of global economic growth picked up again in March from a 2.5-year low seen at the start of the year, but remained among the weakest...

    • Purchasing Managers’ Index (PMI)
  31. Japan PMI surveys suggest economy near stagnation amid manufacturing downturn

    03 April 2019 Bernard Aw

    Business activity growth in Japan was subdued during March, recording the slowest expansion for 2.5 years amid a steepening manufacturing downturn....

    • Purchasing Managers’ Index (PMI)
  32. Caixin China PMI surveys signal strongest upturn since mid-2018

    03 April 2019 Bernard Aw

    Business conditions across the Chinese economy improved at the fastest rate for nine months during March, according to the latest Caixin PMI...

    • Purchasing Managers’ Index (PMI)
  33. UK PMI surveys show economy stalling in first quarter

    03 April 2019 Chris Williamson

    Disappointing PMI surveys indicates that the UK economy contracted in March

    • Purchasing Managers’ Index (PMI)
  34. Manufacturing PMI order book trend weakest since 2012 amid falling worldwide exports

    02 April 2019 Chris Williamson

    Worldwide PMI surveys indicated that manufacturing more or less stagnated again in March

    • Purchasing Managers’ Index (PMI)
  35. Pre-Brexit record stockpiling buoys UK factories, but supply chain shift signalled

    01 April 2019 Chris Williamson

    UK manufacturing reported a surge in production and stock-building in March as companies prepared for Brexit.

    • Purchasing Managers’ Index (PMI)
  36. Week Ahead APAC Economic Preview: Week of 1 April 2019

    29 March 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Focus on PMI survey releases, US NFP, Australia and India central bank meetings, and several Asian inflation updates.

    • Purchasing Managers’ Index (PMI)
  37. Week Ahead APAC Economic Preview: Week of 25 March 2019

    25 March 2019 Rajiv Biswas Chris Williamson

    Markets will be looking for signs of support having been rattled by weaker than anticipated PMI surveys last week. The surveys showed accelerating...

    • Purchasing Managers’ Index (PMI)
  38. Majority of UK firms step up preparations for Brexit, but big variation in planning seen across Europe

    25 March 2019 Pollyanna De Lima

    The latest S&P Global Business Outlook survey asked manufacturers and services providers across Europe about their preparations or plans to address...

    • Purchasing Managers’ Index (PMI)
  39. IHS Markit US PMI signals greatest pressure on corporate earnings since 2016

    22 March 2019 Chris Williamson

    The US PMI surveys provide a valuable advance insight into economic trends, but also corporate earnings

    • Purchasing Managers’ Index (PMI)
  40. Euro falls as disappointing flash PMI signals increased recession risk

    22 March 2019 Chris Williamson

    Disappointing flash PMI data for the eurozone signalled an increased risk of a further slowdown, pushing the euro currency down 0.5% against...

    • Purchasing Managers’ Index (PMI)
  41. Japan's manufacturing production downturn gathers further momentum in March

    22 March 2019 Chris Williamson

    Japan’s manufacturing economy remained stuck in its deepest downturn since mid-2016 in March

    • Purchasing Managers’ Index (PMI)
  42. Week Ahead APAC Economic Preview: Week of 18 March 2019

    18 March 2019 Chris Williamson Bernard Aw

    A week in which the US Fed and the Bank of England meet to set monetary policy also sees the release of flash PMIs for the US, Eurozone, Japan...

    • Purchasing Managers’ Index (PMI)
  43. Week Ahead Global Economic Preview - Week of 18 March 2019

    18 March 2019 Rajiv Biswas Chris Williamson Bernard Aw

    A week in which the US Fed and the Bank of England meet to set monetary policy also sees the release of flash PMIs for the US, Eurozone, Japan...

    • Purchasing Managers’ Index (PMI)
  44. Manufacturing and trade act as drags on global economy

    12 March 2019 Chris Williamson

    The pace of global economic growth picked up in February from a near two-and-a-half year low at the start of the year, but remained among the...

    • Purchasing Managers’ Index (PMI)
  45. Australia PMI data reinforce central bank's shift to neutral policy stance

    07 March 2019 Joseph Hayes

    Fresh survey data corroborate the changing stance towards a more cautious approach to policy from Australia’s central bank

    • Purchasing Managers’ Index (PMI)
  46. Global economy buoyed as service sector gains offset factory slowdown

    07 March 2019 Chris Williamson

    The pace of global economic growth picked up in February

    • Purchasing Managers’ Index (PMI)
  47. IHS Markit PMI signals improved US GDP growth and faster hiring in February

    05 March 2019 Chris Williamson

    The US PMI surveys tell a tale of two economies in February.

    • Purchasing Managers’ Index (PMI)
  48. UK PMI surveys show economy close to stalling in first quarter as outlook darkens

    05 March 2019 Chris Williamson

    The latest PMI surveys indicate that the UK economy remained close to stagnation in February

    • Purchasing Managers’ Index (PMI)
  49. PMI shows eurozone economy stuck in low gear and price pressures easing

    05 March 2019 Chris Williamson

    Weak PMI data set an uncomfortable stage for the European Central Bank’s Governing Council meeting later in the week.

    • Purchasing Managers’ Index (PMI)
  50. Worldwide manufacturing growth close to stalling as trade flows deteriorate

    04 March 2019 Chris Williamson

    Worldwide PMI surveys indicated that manufacturing more or less stagnated in February amid a faster decline of global trade flows.

    • Purchasing Managers’ Index (PMI)
  51. Week Ahead APAC Economic Preview: Week of 4 March 2019

    01 March 2019 David Owen Chris Williamson Bernard Aw

    The worldwide release of February service sector PMI surveys will provide more colour to global economic developments and inflation trends during...

    • Purchasing Managers’ Index (PMI)
  52. US PMI signals weakest manufacturing expansion for 18 months

    01 March 2019 Chris Williamson

    S&P Global PMI™ survey data signalled a downward lurch in key manufacturing indicators in February

    • Purchasing Managers’ Index (PMI)
  53. UK manufacturing buoyed by pre-Brexit stockpiling but outlook darkens

    01 March 2019 Chris Williamson

    Growth of UK manufacturing activity edged lower despite being buoyed by factories and their customers building inventories.

    • Purchasing Managers’ Index (PMI)
  54. Manufacturers in Western Canada signal weakest growth since October 2016

    25 February 2019 Amritpal Virdee

    Latest survey data provide a clear signal that manufacturing growth across Alberta and British Columbia has begun to falter.

    • Purchasing Managers’ Index (PMI)
  55. Week Ahead APAC Economic Preview: Week of 25 February 2019

    22 February 2019 Rajiv Biswas Bernard Aw

    Worldwide release of February manufacturing PMI surveys gives early clues as to the extent of the slowdown in global manufacturing midway through...

    • Purchasing Managers’ Index (PMI)
  56. Weakness in Paris and the South West weighs on French service sector

    19 February 2019 Eliot Kerr

    January data from the S&P Global France PMI surveys pointed to the fastest contraction in private sector output since November 2014

    • Purchasing Managers’ Index (PMI)
  57. Global copper users output index nears ten-year low prompting growth worries

    18 February 2019 David Owen

    Heavy users of copper saw a solid decline in output in January, boding ill for future demand for the metal in coming months.

    • Purchasing Managers’ Index (PMI)
  58. Week Ahead APAC Economic Preview: Week of 18 February 2019

    15 February 2019 Rajiv Biswas Bernard Aw

    Flash Feb PMI surveys will provide early clues of economic activity for Q1.

    • Purchasing Managers’ Index (PMI)
  59. Official data for the UK add to signs of economy at risk of contracting

    13 February 2019 Chris Williamson

    The pace of UK economic growth slowed sharply at the end of 2018, according to official data.

    • Purchasing Managers’ Index (PMI)
  60. Week Ahead APAC Economic Preview: Week of 11 February 2019

    08 February 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 11 February 2019

    • Purchasing Managers’ Index (PMI)
  61. Global slowdown gathers pace at start of 2019

    08 February 2019 Chris Williamson

    The global economy started 2019 with the weakest expansion since September 2016.

    • Purchasing Managers’ Index (PMI)
  62. Global economy loses further momentum at start of 2019

    06 February 2019 Chris Williamson

    The global economy started 2019 with the weakest monthly expansion of business activity since September 2016

    • Purchasing Managers’ Index (PMI)
  63. PMI surveys show UK economy stalling at start of 2019

    05 February 2019 Chris Williamson

    The latest PMI surveys indicate that the UK economy stalled at the start of the year

    • Purchasing Managers’ Index (PMI)
  64. Global Manufacturing PMI at 2½ year low as business conditions worsen in one-in-three countries

    04 February 2019 Chris Williamson

    Worldwide PMI surveys indicated that manufacturing growth slowed closer to stagnation at the start of 2019.

    • Purchasing Managers’ Index (PMI)
  65. Week Ahead APAC Economic Preview: Week of 4 February 2019

    01 February 2019 Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 4 February 2019

    • Purchasing Managers’ Index (PMI)
  66. Manufacturing on course to act as drag on UK economy in first quarter

    01 February 2019 Chris Williamson

    January's PMI survey showed UK manufacturing on course to act as a drag on the economy in the first quarter

    • Purchasing Managers’ Index (PMI)
  67. Japan manufacturing weakness casts shadow over 2019 growth outlook

    31 January 2019 Chris Williamson

    Japan manufacturing weakness casts shadow over 2019 growth outlook

    • Purchasing Managers’ Index (PMI)
  68. Week Ahead APAC Economic Preview: Week of 28 January 2019

    25 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 28 January 2019

    • Purchasing Managers’ Index (PMI)
  69. ECB sees downside risks as PMI shows eurozone close to stalling

    25 January 2019 Chris Williamson

    The release of disappointing flash Eurozone PMI data on the same day that the ECB's Governing Council acknowledged that downside risks now prevail...

    • Purchasing Managers’ Index (PMI)
  70. Flash Japan PMI™ highlights further woes for global trade cycle

    24 January 2019 Joseph Hayes

    Flash Japan PMI™ highlights further woes for global trade cycle

    • Purchasing Managers’ Index (PMI)
  71. Businesses reveal growing uncertainty worldwide

    23 January 2019 David Owen

    Analysis of survey anecdotal evidence suggest that global business uncertainty spiked higher at the end of 2018.

    • Purchasing Managers’ Index (PMI)
  72. Investigating IHS Markit PMI™ and ISM divergences

    23 January 2019 Chris Williamson

    In this report, we look at the relationship between the two US surveys and the official data

    • Purchasing Managers’ Index (PMI)
  73. Brexit-exposed sectors in Ireland suffer as Brexit day approaches

    22 January 2019 Amritpal Virdee

    Brexit-exposed sectors in Ireland suffer as Brexit day approaches

    • Purchasing Managers’ Index (PMI)
  74. Week Ahead APAC Economic Preview: Week of 21 January 2019

    18 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 21 January 2019

    • Purchasing Managers’ Index (PMI)
  75. Eurozone flash PMI to provide ECB policy guidance at start of 2019

    17 January 2019 Chris Williamson

    Next week sees the release of flash Eurozone PMI data on the same day that the ECB's Governing Council meets to decide on monetary policy

    • Purchasing Managers’ Index (PMI)
  76. 'Gilets jaunes' protests hit output and labour market

    16 January 2019 Eliot Kerr

    December PMI data pointed to the first monthly contraction in French private sector output for two-and-a-half years

    • Purchasing Managers’ Index (PMI)
  77. Week Ahead APAC Economic Preview: Week of 14 January 2019

    14 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 14 January 2019

    • Purchasing Managers’ Index (PMI)
  78. Metals Users PMI points to falling world growth and lower prices in 2019

    14 January 2019 David Owen

    Global metal-using industries are suffering their steepest downturn since early-2016, according to December survey data.

    • Purchasing Managers’ Index (PMI)
  79. Vietnam GDP up strongly again in 2018 as manufacturing outperforms

    11 January 2019 Andrew Harker

    Vietnam's economy seems in a perfect position to defy signs of slowing demand elsewhere and thrive in the global economy

    • Purchasing Managers’ Index (PMI)
  80. Investment indicators fall into decline as global PMI hits 27-month low

    10 January 2019 Chris Williamson

    Demand for business machinery and equipment has slipped into decline to signal a reduced appetite for investment spending.

    • Purchasing Managers’ Index (PMI)
  81. Worldwide growth hits 27-month low in December

    09 January 2019 Chris Williamson

    The global economy ended 2018 on a disappointing note

    • Purchasing Managers’ Index (PMI)
  82. PMI signals positive end to 2018 for Japanese economy, but highlights risks ahead

    07 January 2019 Bernard Aw

    The latest Nikkei PMI data showed the Japanese economy enjoying resilient growth at the end of 2018

    • Purchasing Managers’ Index (PMI)
  83. Week Ahead APAC Economic Preview: Week of 7 January 2019

    04 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 7 January 2019

    • Purchasing Managers’ Index (PMI)
  84. Efficiency losses across eurozone intensify at year end

    04 January 2019 Pollyanna De Lima

    The overall performance of eurozone private sector workers deteriorated to the greatest extent in 67 months at the end of 2018

    • Purchasing Managers’ Index (PMI)
  85. UK PMI surveys show growth running close to five-year lows at end of 2018

    04 January 2019 Chris Williamson

    The UK economy suffers one of its most disappointing expansions since early-2013.

    • Purchasing Managers’ Index (PMI)
  86. Global manufacturing PMI at 27-month low as business conditions worsen in one-in-three countries

    02 January 2019 Chris Williamson

    Global manufacturing growth fell to its weakest for over two years at the end of 2018.

    • Purchasing Managers’ Index (PMI)
  87. UK manufacturing buoyed by Brexit stockpiling

    02 January 2019 Chris Williamson

    UK manufacturing ended 2018 with business activity buoyed by companies ramping up their preparations for a disorderly Brexit.

    • Purchasing Managers’ Index (PMI)
  88. Eurozone flash PMI hits lowest for over four years in December

    17 December 2018 Chris Williamson

    The flash S&P Global Eurozone Composite PMI fell to its lowest since November 2014 in December

    • Purchasing Managers’ Index (PMI)
  89. IHS Markit US PMI signals GDP growth rate slowing close to 2.0% in December

    14 December 2018 Chris Williamson

    Flash PMI™ survey data from S&P Global show the US economy losing further growth momentum in December

    • Purchasing Managers’ Index (PMI)
  90. Week Ahead APAC Economic Preview: Week of 17 December 2018

    14 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 17 December 2018

    • Purchasing Managers’ Index (PMI)
  91. Global growth outlook blighted by weak trade flows

    12 December 2018 Chris Williamson

    Global business activity continued to expand at a relatively subdued pace in November

    • Purchasing Managers’ Index (PMI)
  92. Buoyant Brazil PMI data build on strong third quarter GDP figures

    12 December 2018 Pollyanna De Lima

    PMI numbers for October and November suggest that further momentum has been gained in the final quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  93. Widespread disruption in autos sector hits Czech economy

    12 December 2018 Sian Jones

    The wellbeing of the Czech goods producing sector has taken a turn for the worse in the latter stages of 2018

    • Purchasing Managers’ Index (PMI)
  94. UK GDP data add to signs of economy's renewed weakness after strong summer

    10 December 2018 Chris Williamson

    The underlying pace of economic growth slowed at the start of the fourth quarter, according to the latest official data.

    • Purchasing Managers’ Index (PMI)
  95. Week Ahead APAC Economic Preview: Week of 10 December 2018

    07 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 10 December 2018

    • Purchasing Managers’ Index (PMI)
  96. PMI suggests Italy to enter technical recession in fourth quarter

    07 December 2018 Joseph Hayes

    According to the November PMI, Italian private sector output declined at the sharpest pace in five years

    • Purchasing Managers’ Index (PMI)
  97. Eurozone productivity slips at quickest rate in five-and-a-half years as efficiency loss in manufacturing intensifies

    07 December 2018 Pollyanna De Lima

    November data pointed to a third successive month of efficiency loss across the eurozone.

    • Purchasing Managers’ Index (PMI)
  98. Global PMI lifts further from two-year low but outlook blighted by weak order books

    06 December 2018 Chris Williamson

    Global business activity grew at a marginally improved pace for a second successive month in November.

    • Purchasing Managers’ Index (PMI)
  99. Eurozone: Q4 2018 GDP Nowcasts

    05 December 2018 Paul Smith, Ph.D.

    Eurozone economy growing at underlying rate of 0.3% in Q4 2018

    • Purchasing Managers’ Index (PMI)
  100. All-sector UK PMI indicates flatlining economy in November

    05 December 2018 Chris Williamson

    PMI surveys showed UK business activity growing at a sharply reduced rate in November

    • Purchasing Managers’ Index (PMI)
  101. PMI surveys signal Chinese services lead business activity

    05 December 2018 Bernard Aw

    PMI surveys signal Chinese services lead business activity

    • Purchasing Managers’ Index (PMI)
  102. Japan PMI points to resilient economic growth despite waning post-typhoon demand

    05 December 2018 Bernard Aw

    The Japanese economy continued to enjoy steady growth midway through the closing quarter of 2018, suggesting the economy will rebound after a...

    • Purchasing Managers’ Index (PMI)
  103. Week Ahead APAC Economic Preview: Week of 3 December 2018

    03 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 3 December 2018

    • Purchasing Managers’ Index (PMI)
  104. Global manufacturing PMI holds at two-year low as world exports fall for third month running

    03 December 2018 Chris Williamson

    Global manufacturing growth was unchanged from October's 23-month low in November

    • Purchasing Managers’ Index (PMI)
  105. UK Manufacturing PMI subdued by export decline and rising Brexit worries

    03 December 2018 Chris Williamson

    A rise in the UK Manufacturing PMI in November is welcome news, but the PMI continues to signal an increased risk of a downturn.

    • Purchasing Managers’ Index (PMI)
  106. US manufacturers anticipate widespread tariff-based price impact

    30 November 2018 Chris Williamson

    Survey data indicate that US manufacturers expect tariffs to have a widespread upward impact on prices over the next two years.

    • Purchasing Managers’ Index (PMI)
  107. Manufacturers anticipate widespread tariff-based price impact

    30 November 2018 Chris Williamson

    Manufacturers anticipate widespread tariff-based price impact

  108. Week Ahead Economic Preview: Week of 26 November 2018

    26 November 2018 Chris Williamson

    The coming week sees the FOMC minutes and updated estimates to GDP for the US, Italy and France, as well as the Euro area’s flash inflation numbers....

    • Purchasing Managers’ Index (PMI)
  109. November flash US PMI signals solid GDP and jobs growth

    23 November 2018 Chris Williamson

    The November flash S&P Global PMI surveys brought further evidence that the US economy is enjoying a strong fourth quarter

    • Purchasing Managers’ Index (PMI)
  110. Eurozone economy's downside risks mount as flash PMI hits four-year low

    23 November 2018 Chris Williamson

    The latest flash PMI survey data revealed a cooling of Eurozone business growth to a four-year low.

    • Purchasing Managers’ Index (PMI)
  111. Week Ahead APAC Economic Preview: Week of 26 November 2018

    23 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 26 November 2018

    • Purchasing Managers’ Index (PMI)
  112. European PMIs and Monetary Policy

    22 November 2018 Paul Smith, Ph.D. Joseph Hayes

    PMI-based models aid understanding of monetary policy decisions

    • Purchasing Managers’ Index (PMI)
  113. UK business outlook gloomiest since 2009 as Brexit worries mount

    21 November 2018 Chris Williamson

    S&P Global's Global Business Outlook survey reveals marked drop in UK business confidence to lowest since the global financial crisis

    • Purchasing Managers’ Index (PMI)
  114. Week Ahead APAC Economic Preview: Week of 19 November 2018

    19 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 19 November 2018

    • Purchasing Managers’ Index (PMI)
  115. Week Ahead Economic Preview: Week of 19 November 2018

    16 November 2018 Chris Williamson

    The release of flash PMI surveys in the coming week will provide important steers for the economic performance of major economies midway through...

    • Purchasing Managers’ Index (PMI)
  116. IHS Markit US PMI indicates strong start to fourth quarter

    14 November 2018 Chris Williamson

    S&P Global US PMI indicates strong start to fourth quarter

    • Purchasing Managers’ Index (PMI)
  117. IHS Markit US PMI selling price index remains near record high

    14 November 2018 Chris Williamson

    S&P Global US PMI selling price index remains near record high

    • Purchasing Managers’ Index (PMI)
  118. Emerging Markets: Sub-Saharan Africa feels strain at start of fourth quarter

    13 November 2018 Andrew Harker

    Sub-Saharan African economies have seen growth slow in recent months

    • Purchasing Managers’ Index (PMI)
  119. Week Ahead Economic Preview: Week of 12 November 2018

    12 November 2018 Chris Williamson

    UK data updates to employment, wage, inflation and retail sales data will be eyed to ascertain the economy's resilience in the face of intensifying...

    • Purchasing Managers’ Index (PMI)
  120. Week Ahead APAC Economic Preview: Week of 12 November 2018

    09 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 12 November 2018

    • Purchasing Managers’ Index (PMI)
  121. Trade downturn keeps global growth close to two-year low

    09 November 2018 Chris Williamson

    Global business activity grew at a marginally improved rate in October, but remained close to September's two-year low

    • Purchasing Managers’ Index (PMI)
  122. Widespread contraction in eurozone productivity at start of fourth quarter

    07 November 2018 Pollyanna De Lima

    Widespread contraction in eurozone productivity at start of fourth quarter

    • Purchasing Managers’ Index (PMI)
  123. Global PMI holds close to two-year low on weak Europe and China growth

    06 November 2018 Chris Williamson

    Global business activity grew at a marginally improved rate in October.

    • Purchasing Managers’ Index (PMI)
  124. Japan PMI shows post-typhoon demand lifts output while input costs at 10-year high

    05 November 2018 Bernard Aw

    Japan PMI shows post-typhoon demand lifts output while input costs at 10-year high

    • Purchasing Managers’ Index (PMI)
  125. China PMI surveys signal business activity growth at weakest in two years

    05 November 2018 Bernard Aw

    China PMI surveys signal business activity growth at weakest in two years

  126. October UK PMI surveys indicate sharp slowing in economy

    05 November 2018 Chris Williamson

    PMI surveys showed UK business activity growing at a sharply reduced rate in October.

    • Purchasing Managers’ Index (PMI)
  127. Week Ahead Economic Preview: Week of 5 November 2018

    02 November 2018 Chris Williamson

    Next week’s economic diary is a busy one, including the US FOMC meeting and the worldwide release of October services PMI surveys.

    • Purchasing Managers’ Index (PMI)
  128. Week Ahead APAC Economic Preview: Week of 5 November 2018

    02 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 5 November 2018

    • Purchasing Managers’ Index (PMI)
  129. Indonesia manufacturing PMI points to softer demand conditions at start of Q4

    01 November 2018 Bernard Aw

    Indonesia manufacturing PMI points to softer demand conditions at start of Q4

    • Purchasing Managers’ Index (PMI)
  130. UK Manufacturing PMI at 27-month low raising risks of factory downturn

    01 November 2018 Chris Williamson

    Manufacturers reported a disappointing start to the fourth quarter, registering the weakest monthly growth since the Brexit vote.

    • Purchasing Managers’ Index (PMI)
  131. Week Ahead APAC Economic Preview: Week of 29 October 2018

    26 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 29 October 2018

    • Purchasing Managers’ Index (PMI)
  132. Week Ahead Economic Preview: Week of 29 October 2018

    26 October 2018 Chris Williamson

    The worldwide release of October manufacturing PMI surveys will be a highlight in the coming week.

    • Purchasing Managers’ Index (PMI)
  133. Trade-led slowdown pushes flash Eurozone PMI to two-year low at start of fourth quarter

    25 October 2018 Chris Williamson

    Trade-led slowdown pushes flash Eurozone PMI to two-year low at start of fourth quarter

    • Purchasing Managers’ Index (PMI)
  134. Week Ahead APAC Economic Preview: Week of 22 October 2018

    19 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 22 October 2018

    • Purchasing Managers’ Index (PMI)
  135. Week Ahead Economic Preview: Week of 22 October 2018

    19 October 2018 Chris Williamson

    Flash PMI data will be scoured for signals of economic performance at the start of the final quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  136. PMI data largely skewed to the downside for "vulnerable" emerging markets

    16 October 2018 Joseph Hayes Andrew Harker

    Rising interest rates in the US are putting pressure on currencies in emerging markets.

    • Purchasing Managers’ Index (PMI)
  137. Week Ahead APAC Economic Preview: Week of 15 October 2018

    12 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 15 October 2018

    • Purchasing Managers’ Index (PMI)
  138. Trade downturn pushes global growth to two-year low

    10 October 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

    • Purchasing Managers’ Index (PMI)
  139. Global growth and optimism slide to two-year lows, but prices rise at record rate

    08 October 2018 Chris Williamson

    Global economic growth moderated to a two-year low in September in a broad-based slowdown, according to the latest PMI surveys.

    • Purchasing Managers’ Index (PMI)
  140. PMI data signal weakest EU automotive sector growth for almost four years

    08 October 2018 Sian Jones

    Manufacturers in the automotive industry experienced the weakest output growth for almost four years in the third quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  141. China PMI data points to resilient growth, but also highlight risks to future expansion

    08 October 2018 Bernard Aw

    China PMI data points to resilient growth, but also highlight risks to future expansion

    • Purchasing Managers’ Index (PMI)
  142. Week Ahead APAC Economic Preview: Week of 8 October 2018

    05 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 8 October 2018

    • Purchasing Managers’ Index (PMI)
  143. Building a synthetic longer history to the IHS Markit US Manufacturing PMI

    04 October 2018 Chris Williamson

    Although the more accurate S&P Global PMI extends back over a decade to early-2007, the ISM data extend back to the 1950s.

    • Purchasing Managers’ Index (PMI)
  144. US economy slows and prices spike higher amid signs of capacity constraints

    04 October 2018 Chris Williamson

    September PMI survey data added to signs that the US economy expanded at a slower, but still solid, rate in Q3

    • Purchasing Managers’ Index (PMI)
  145. Japan PMI at two-year low signals softer output growth

    03 October 2018 Bernard Aw

    Japan PMI at two-year low signals softer output growth

  146. PMI surveys show UK economy enjoying robust growth up to September

    03 October 2018 Chris Williamson

    PMI data showed business activity rising in September, albeit with the rate of growth cooling to the second-lowest since April.

    • Purchasing Managers’ Index (PMI)
  147. Eurozone PMI signals solid third quarter but growth near two-year low in September

    03 October 2018 Chris Williamson

    Eurozone PMI data showed growth slowing to a near-two year low in September.

    • Purchasing Managers’ Index (PMI)
  148. World exports fall for first time in over two years

    01 October 2018 Chris Williamson

    Worldwide manufacturers reported the first fall in global export orders for over two years in September.

    • Purchasing Managers’ Index (PMI)
  149. Week Ahead APAC Economic Preview: Week of 1 October 2018

    28 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 1 October 2018

  150. Week Ahead APAC Economic Preview: Week of 24 September 2018

    24 September 2018 Bernard Aw Chris Williamson Rajiv Biswas

    Week Ahead APAC Economic Preview: Week of 24 September 2018

  151. Copper end-use PMI data indicate prices set to stabilise over Q4 2018

    18 September 2018 Sam Teague

    Latest survey data indicate that demand and supply fundamentals currently support a stabilisation in copper prices.

    • Purchasing Managers’ Index (PMI)
  152. US manufacturing surveys send diverging signals

    18 September 2018 Chris Williamson

    Different surveys offer differing views on the health of the US manufacturing economy.

    • Purchasing Managers’ Index (PMI)
  153. Week Ahead APAC Economic Preview: Week of 17 September 2018

    17 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 17 September 2018

    • Purchasing Managers’ Index (PMI)
  154. Global Economic Preview: Week of 17 September 2018

    14 September 2018 Chris Williamson

    S&P Global flash PMI surveys will provide early insights into the performance of major economies at the end of the third quarter, in a week in...

    • Purchasing Managers’ Index (PMI)
  155. South Korean exporters face headwinds amid slowing global growth

    14 September 2018 Joseph Hayes

    Weaker expansion in global goods-producing sector has strong implications for South Korean exporters.

    • Purchasing Managers’ Index (PMI)
  156. Global growth near two-year low as trade flows stagnate

    11 September 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation.

    • Purchasing Managers’ Index (PMI)
  157. Fall in the Myanmar kyat sparks import-driven inflation

    10 September 2018 Sian Jones

    Throughout most of 2018, the Myanmar kyat has depreciated rapidly against key currencies.

    • Purchasing Managers’ Index (PMI)
  158. Global growth close to two-year low in broadening slowdown

    10 September 2018 Chris Williamson

    Global economic growth edged lower in August, according to the latest PMI surveys, down to its second-weakest for nearly two years

    • Purchasing Managers’ Index (PMI)
  159. Global Economic Preview: Week of 10 September 2018

    07 September 2018 Chris Williamson

    Highlights of the week include European Central Bank and Bank of England monetary policy meetings, the latter coming on the heels of updated...

    • Purchasing Managers’ Index (PMI)
  160. Week Ahead APAC Economic Preview: Week of 10 September 2018

    07 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Our special focus this week looks at the ASEAN region and its rise as a manufacturing hub.

    • Purchasing Managers’ Index (PMI)
  161. Stalling of eurozone productivity stretches to August

    06 September 2018 Pollyanna De Lima

    Workforce efficiency in the euro area worsened marginally for the fifth month running in August.

    • Purchasing Managers’ Index (PMI)
  162. Nikkei Japan PMI signals steady expansion in August, but costs still elevated

    06 September 2018 Bernard Aw

    Nikkei PMI data indicated that the Japanese economy continued to expand in August.

    • Purchasing Managers’ Index (PMI)
  163. August PMI surveys highlight uneven pattern of Eurozone growth and inflation

    06 September 2018 Chris Williamson

    The Eurozone PMI shows the recent run of robust growth of business activity, new orders and employment extending into August.

    • Purchasing Managers’ Index (PMI)
  164. Faster service sector growth keeps UK economy on course for 0.4% Q3 GDP rise

    05 September 2018 Chris Williamson

    PMI survey data showing faster service sector growth in August come as much-needed welcome news.

    • Purchasing Managers’ Index (PMI)
  165. Global manufacturing PMI at 21-month low as world exports stagnate

    05 September 2018 Chris Williamson

    Worldwide manufacturers reported the weakest expansion since November 2016, with near-stagnant exports continuing to act as a drag

    • Purchasing Managers’ Index (PMI)
  166. China PMI surveys point to slower growth momentum and weakening demand

    05 September 2018 Bernard Aw

    The Chinese economy lost some momentum midway through the third quarter amid signs of softer client demand.

    • Purchasing Managers’ Index (PMI)
  167. UK manufacturing sector growth slows amid steepest export decline since 2014

    03 September 2018 Chris Williamson

    UK manufacturing output growth waned in August to its lowest since March 2017.

    • Purchasing Managers’ Index (PMI)
  168. Malaysia manufacturing PMI hints at Q3 upturn after slower Q2

    03 September 2018 Bernard Aw

    The latest PMI data set the scene for Malaysia’s manufacturing sector to see its strongest quarterly performance since late-2014.

    • Purchasing Managers’ Index (PMI)
  169. Global Economic Preview: Week of 3 September 2018

    31 August 2018 Chris Williamson

    Highlights of the coming week include the global release of August PMI data, adding further insight into worldwide economic growth, hiring and...

    • Purchasing Managers’ Index (PMI)
  170. Week Ahead APAC Economic Preview: Week of 3 September 2018

    31 August 2018 Bernard Aw Chris Williamson Rajiv Biswas

    Week Ahead APAC Economic Preview: Week of 3 September 2018

  171. Global Economic Preview: Week of 27 August 2018

    24 August 2018 Chris Williamson

    The coming week sees US second quarter GDP and consumer expenditure numbers, including closely-watched price indices, with France, Italy, India...

    • Purchasing Managers’ Index (PMI)
  172. Flash Eurozone PMI signals steady expansion but optimism hits two-year low

    24 August 2018 Chris Williamson

    Flash PMI survey data indicated that the eurozone economy continued to grow in August.

    • Purchasing Managers’ Index (PMI)
  173. Week Ahead APAC Economic Preview: Week of 27 August 2018

    24 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 27 August 2018

  174. Flash Japan manufacturing PMI signals export weakness and a fall in optimism

    23 August 2018 Bernard Aw

    The August flash PMI data indicated that Japan’s manufacturing sector continued to expand midway through the third quarter. However, the survey...

    • Purchasing Managers’ Index (PMI)
  175. Week Ahead Economic Preview: Week of 20 August 2018

    17 August 2018 Chris Williamson

    Flash PMI surveys will be a feature of the week, highlighting how Japan, the US and Eurozone are faring midway through Q3.

    • Purchasing Managers’ Index (PMI)
  176. Week Ahead APAC Economic Preview: Week of 20 August 2018

    17 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 20 August 2018

  177. Service sector helps keep Russian economy growing as manufacturing fades

    16 August 2018 Sian Jones

    The recent football World Cup in Russia has provided a boost to the Russian economy.

    • Purchasing Managers’ Index (PMI)
  178. US manufacturing growth trend slips in July, in line with PMI survey

    16 August 2018 Chris Williamson

    Manufacturing continued to expand in July, but the underlying trend has shown signs of weakening.

    • Purchasing Managers’ Index (PMI)
  179. UK inflation ticks higher in July

    15 August 2018 Chris Williamson

    Consumer price inflation ticked higher to 2.5% in July, according to the Office for National Statistics.

    • Purchasing Managers’ Index (PMI)
  180. Official Japan GDP data corroborate PMI signal of steady Q2 growth

    14 August 2018 Chris Williamson

    Japanese economic growth rebounded in the second quarter, allying fears of a bout of renewed economic malaise.

    • Purchasing Managers’ Index (PMI)
  181. UK pay growth weakens despite further drop in unemployment

    14 August 2018 Chris Williamson

    The latest labour market data show low unemployment once again failing to stimulate faster pay growth.

    • Purchasing Managers’ Index (PMI)
  182. Week Ahead Asia Pacific Economic Preview: Week of 13 August 2018

    13 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead Asia Pacific Economic Preview: Week of 13 August 2018

  183. Week Ahead Economic Preview: Week of 13 August 2018

    10 August 2018 Chris Williamson

    The week ahead sees important official data updates to the health of the US and China economies at the start of the third quarter.

    • Purchasing Managers’ Index (PMI)
  184. Global growth cools at start of Q3 amid survey-record price rise

    10 August 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation.

    • Purchasing Managers’ Index (PMI)
  185. UK economy rebounds in second quarter, but shows signs of losing momentum

    10 August 2018 Chris Williamson

    The UK economy rebounded from a weak start to the year in the second quarter, according to official data.

    • Purchasing Managers’ Index (PMI)
  186. China PMI surveys point to steady economic expansion but rising growth risks

    07 August 2018 Bernard Aw

    Chinese economic growth remained relatively stable at the start of the third quarter, according to the latest Caixin PMI survey data.

    • Purchasing Managers’ Index (PMI)
  187. Week Ahead Asia-Pacific Economic Preview: Week of 6 August 2018

    07 August 2018 Rajiv Biswas Paul Smith, Ph.D. Bernard Aw

    This note also includes a special feature on the Indian economy.

    • Purchasing Managers’ Index (PMI)
  188. Nikkei Japan PMI signals weaker growth at start of third quarter, but prices spike higher

    06 August 2018 Bernard Aw

    PMI data indicated that the Japanese economy expanded at the start of the third quarter, but the pace of growth lost momentum.

    • Purchasing Managers’ Index (PMI)
  189. Economic Review: Week of 30 July 2018

    27 July 2018 Chris Williamson

    A busy week sees important central bank meetings in the US, Japan and the UK, as well as India and Brazil. Major data releases include the worldwide...

    • Purchasing Managers’ Index (PMI)
  190. Eurozone PMI and predicting economic growth

    25 July 2018 Paul Smith, Ph.D.

    In this research paper, we showcase the power of the PMI in tracking quarterly changes in Eurozone GDP.

    • Purchasing Managers’ Index (PMI)
  191. US Flash PMI surveys point to strong start to third quarter, but prices spike higher

    25 July 2018 Chris Williamson

    The July flash PMI survey data indicated that the US economy sustained strong growth momentum.

    • Purchasing Managers’ Index (PMI)
  192. Flash Eurozone PMI signals weaker growth trend at start of third quarter

    25 July 2018 Chris Williamson

    Flash PMI survey data indicated that the eurozone economy expanded at the start of the third quarter, but the pace of growth lost momentum again...

    • Purchasing Managers’ Index (PMI)
  193. Economic Review - Week of 23 July 2018

    20 July 2018 Chris Williamson

    The release of flash PMI data for July will add clues as to global economic growth trends as we move into the second half of 2018, and will be...

    • Purchasing Managers’ Index (PMI)
  194. Official data confirm solid second quarter for US manufacturing, but outlook clouded by tariff and price worries

    19 July 2018 Chris Williamson

    Official data confirmed the survey data signal that US manufacturing output growth picked up in the second quarter.

    • Purchasing Managers’ Index (PMI)
  195. UK survey data suggest that pay and prices to rise at faster rates

    19 July 2018 Annabel Fiddes

    Latest official data regarding employee earnings and inflation have both come in under forecasts, but survey data suggest that pay and price...

    • Purchasing Managers’ Index (PMI)
  196. Economic Review - Week of 16 July 2018

    13 July 2018 Chris Williamson

    A week that kicks off with the findings from the largest global survey of business expectations also sees important data releases for the US...

    • Purchasing Managers’ Index (PMI)
  197. Monthly Global Review July 2018

    10 July 2018 Chris Williamson

    Monthly Global Review

    • Purchasing Managers’ Index (PMI)
  198. Monthly Global Review

    10 July 2018 Chris Williamson

    Monthly Global Review

  199. Economic Review - Week of 9 July 2018

    08 July 2018 Chris Williamson

    Some of the highlights of the week ahead include fresh official data on economic growth trends in the UK and Eurozone as policymakers look for...

    • Purchasing Managers’ Index (PMI)
  200. Eurozone productivity broadly stabilises in June

    05 July 2018 Pollyanna De Lima

    Eurozone productivity broadly stabilised in June as expansion in the service sector partially offset deterioration at goods producers.

    • Purchasing Managers’ Index (PMI)
  201. Nikkei PMI data point to stronger growth in second quarter

    04 July 2018 Bernard Aw

    The Japanese economy end the second quarter on a stronger note, according to Nikkei PMI surveys, with other survey indicators suggesting economic...

    • Purchasing Managers’ Index (PMI)
  202. Caixin China PMI surveys signal steady economic growth but rising prices

    04 July 2018 Bernard Aw

    The steady expansion of China’s economy was sustained at the end of the second quarter, according to the latest Caixin PMI surveys, but the upturn...

    • Purchasing Managers’ Index (PMI)
  203. Stronger UK service sector adds to signs of second quarter rebound

    04 July 2018 Chris Williamson

    June’s UK PMI surveys indicated a strong end to the second quarter.

    • Purchasing Managers’ Index (PMI)
  204. Italy PMI improves in June, but remains suggestive of only slight rise in Q2 GDP

    04 July 2018

    Latest Italian PMI data indicated an improvement in business activity growth during June.

    • Purchasing Managers’ Index (PMI)
  205. Near-stagnant exports push global manufacturing PMI to 11-month low

    03 July 2018 Chris Williamson

    Worldwide manufacturers reported the weakest rise in export orders for two years in June, contributing to the slowest improvement in business...

    • Purchasing Managers’ Index (PMI)
  206. Survey data point to weakest quarter since end of 2016

    02 July 2018 Bernard Aw

    Business conditions in Malaysia’s manufacturing sector deteriorated further during June, according to latest Nikkei surveys, rounding off the...

    • Purchasing Managers’ Index (PMI)
  207. Economic Preview - Week of 2 July 2018

    29 June 2018 Chris Williamson

    The coming week sees important data releases which include worldwide PMI surveys and US employment numbers. Policy highlights include the Reserve...

    • Purchasing Managers’ Index (PMI)
  208. Economic Preview - Week of 2 July 2018

    29 June 2018 Chris Williamson

    The coming week sees important data releases which include worldwide PMI surveys and US employment numbers.

    • Purchasing Managers’ Index (PMI)
  209. IHS Markit US PMI survey signals weakening manufacturing trend

    25 June 2018 Chris Williamson

    An overall solid performance of the US economy in June masks a slowdown trend in manufacturing.

    • Purchasing Managers’ Index (PMI)
  210. Economic Preview - Week of 25 June 2018

    22 June 2018 Chris Williamson

    The coming week sees GDP updates for the US and UK as well as a policy meeting in New Zealand. Besides data releases, the EU/UK Brexit summit...

    • Purchasing Managers’ Index (PMI)
  211. IHS Markit PMI surveys signal further 190k non-farm payroll gain in June

    22 June 2018 Chris Williamson

    S&P Global’s PMI surveys signal another bumper month of employment growth in June.

    • Purchasing Managers’ Index (PMI)
  212. Flash Eurozone PMI signals 0.5% GDP rise in Q2, but also hints at weakening trend

    22 June 2018 Chris Williamson

    Flash PMI survey data for June showed business activity regaining some momentum.

    • Purchasing Managers’ Index (PMI)
  213. Flash PMI points to firmer growth of Japanese manufacturing despite export decline

    22 June 2018 Bernard Aw

    Japan manufacturing continued to enjoy robust growth in June, but there were further signs of easing demand, especially in export markets, calling...

    • Purchasing Managers’ Index (PMI)
  214. PMI data indicate headwinds to copper prices

    21 June 2018 Sam Teague

    Copper prices rose markedly in the first two weeks of June on the back of supply shortage fears and bullish price speculation.

    • Purchasing Managers’ Index (PMI)
  215. Economic Preview - Week of 18 June 2018

    19 June 2018 Chris Williamson

    The week sees key monetary policy meetings in the UK and Brazil, which lead up to the release of flash PMI surveys for the Eurozone, US and Japan....

    • Purchasing Managers’ Index (PMI)
  216. Economic Preview - Week of 18 June 2018

    19 June 2018 Chris Williamson

    The week sees key monetary policy meetings in the UK and Brazil, which lead up to the release of flash PMI surveys.

    • Purchasing Managers’ Index (PMI)
  217. Zambian private sector makes solid recovery after recent cholera outbreak

    18 June 2018 Gabriella Dickens

    Growth in the Zambian economy has regained momentum during the second quarter so far.

    • Purchasing Managers’ Index (PMI)
  218. Irish economy rebounds following Storm Emma disruption

    18 June 2018 Andrew Harker

    Irish economy rebounds following Storm Emma disruption

    • Purchasing Managers’ Index (PMI)
  219. Official production data likely overstate eurozone manufacturing soft patch

    14 June 2018 Chris Williamson

    Survey and official data have diverged in terms of the health of the euro area manufacturing sector.

    • Purchasing Managers’ Index (PMI)
  220. Monthly PMI Overview June 2018

    12 June 2018 Chris Williamson

    Monthly PMI Overview June 2018

  221. May sees deterioration in eurozone workforce efficiency

    12 June 2018 Pollyanna De Lima

    May sees deterioration in eurozone workforce efficiency

    • Purchasing Managers’ Index (PMI)
  222. Economic Preview - Week of 11 June 2018

    11 June 2018 Chris Williamson

    The coming week sees monetary policy meetings at the US Federal Reserve, ECB and Bank of Japan.

    • Purchasing Managers’ Index (PMI)
  223. Basic Materials sector shows signs of a pick-up through 2018

    08 June 2018 Sian Jones

    Goods producers in the US basic materials sector have signalled signs of recovery from weaker demand conditions seen at the start of the year....

    • Purchasing Managers’ Index (PMI)
  224. Reserve Bank of India surprises with pre-emptive rate hike

    08 June 2018 Bernard Aw

    The Reserve Bank of India raised the policy rate for the first time in nearly four-and-a-half years at the June meeting. Future action will depend...

    • Purchasing Managers’ Index (PMI)
  225. UK pay growth hits three-year high as employers fight to fill vacancies

    08 June 2018 Chris Williamson

    Average salaries awarded to candidates taking up new jobs rose at the fastest rate for three years in May in a further sign that the tightening...

    • Purchasing Managers’ Index (PMI)
  226. South Korea PMI signals manufacturing slowdown

    07 June 2018 Bernard Aw

    Business conditions in South Korea’s manufacturing sector deteriorated further in May, according to the Nikkei PMI surveys, setting the scene...

    • Purchasing Managers’ Index (PMI)
  227. US takes lead in global expansion

    07 June 2018 Chris Williamson

    US takes lead in global expansion

    • Purchasing Managers’ Index (PMI)
  228. Caixin PMI surveys point to steady economic growth despite export decline

    05 June 2018 Bernard Aw

    China’s economy maintained a steady momentum midway through the second quarter, according to the latest Caixin PMI surveys.

    • Purchasing Managers’ Index (PMI)
  229. Global auto industry accelerates in April

    05 June 2018

    Following marginal growth in March, a solid expansion in output was registered in the global automobile manufacturing sector during April.

  230. UK PMI recovers to five-month high in May, but rebound lacks conviction

    05 June 2018 Chris Williamson

    Business activity rose to the greatest extent recorded so far this year in May, though forward-looking indicators suggest growth could deteriorate....

    • Purchasing Managers’ Index (PMI)
  231. Nikkei Japan PMI data point to cooling growth in May

    05 June 2018 Bernard Aw

    After a solid start to the second quarter, the Japanese economy expanded at a slower rate in May.

    • Purchasing Managers’ Index (PMI)
  232. Nikkei Indonesia PMI points to faster growth, but also higher cost pressures

    04 June 2018 Bernard Aw

    Growth in the Indonesian manufacturing sector picked up slightly midway through the second quarter, according to the Nikkei PMI surveys, setting...

    • Purchasing Managers’ Index (PMI)
  233. UK construction growth on shaky foundations as sentiment slides and orders fall

    04 June 2018 Chris Williamson

    UK construction activity increased in May, but growth looks set to lose momentum in coming months.

    • Purchasing Managers’ Index (PMI)
  234. Economic Preview - Week of 4 June 2018

    01 June 2018 Chris Williamson

    Business survey data for May will provide indications of global and national economic trends midway through the second quarter, with UK data...

    • Purchasing Managers’ Index (PMI)
  235. Global Manufacturing PMI at nine-month low amid near-stagnation of worldwide exports

    01 June 2018 Chris Williamson

    Global Manufacturing PMI at nine-month low amid near-stagnation of worldwide exports

  236. Economic Preview - Week of 4 June 2018

    01 June 2018 Chris Williamson

    Business survey data for May will provide indications of global and national economic trends midway through the second quarter.

    • Purchasing Managers’ Index (PMI)
  237. Order book and production divergence hints at extended eurozone manufacturing soft patch

    01 June 2018 Chris Williamson

    The eurozone manufacturing sector reported its slowest expansion for 15 months in May, according to the final PMI data.

  238. UK Manufacturing PMI stages unconvincing rebound in May

    01 June 2018 Chris Williamson

    UK Manufacturing PMI stages unconvincing rebound in May

  239. Economic Preview - Week of 28 May 2018

    25 May 2018 Chris Williamson

    Upcoming manufacturing PMI surveys will give a guide to global economic trends halfway through the second quarter.

    • Purchasing Managers’ Index (PMI)
  240. IHS Markit US manufacturing PMI survey shows price pressures building amid capacity constraints

    23 May 2018 Chris Williamson

    S&P Global’s ‘flash’ manufacturing PMI survey indicated further robust output growth and strong hiring momentum during May.

    • Purchasing Managers’ Index (PMI)
  241. Flash PMI at nine-month low to signal weaker growth of Japanese manufacturing

    23 May 2018 Bernard Aw

    Flash PMI at nine-month low to signal weaker growth of Japanese manufacturing

  242. Malaysia PMI suggests further loss of momentum after a slow start to 2018

    21 May 2018 Bernard Aw

    The Malaysian economy grew at a slower pace in the opening quarter of 2018, in line with advance signals from business surveys.

    • Purchasing Managers’ Index (PMI)
  243. Week Ahead Economic Preview ­- May 21-25

    18 May 2018 Chris Williamson

    The week sees a range of data that will add to views on policy decisions at major central banks.

    • Purchasing Managers’ Index (PMI)
  244. Vietnam makes progress towards achieving economic plans

    18 May 2018 Andrew Harker

    Vietnam makes progress towards achieving economic plans

  245. Economic Preview - Week of 21 May 2018

    18 May 2018 Chris Williamson

    The week sees a range of data that will add to views on policy decisions at major central banks.

    • Purchasing Managers’ Index (PMI)
  246. Survey data point to Japan's economy gaining strength after disappointing Q1 GDP

    16 May 2018 Bernard Aw

    The Japanese economy shrank in the first three months of 2018, according to the preliminary estimate of gross domestic product.

    • Purchasing Managers’ Index (PMI)
  247. PMI signals headwind to aluminium prices

    15 May 2018 Sam Teague

    Survey data suggest that subdued demand growth at aluminium-using firms worldwide presents a downside risk for prices.

    • Purchasing Managers’ Index (PMI)
  248. PMI data eyed for clues of potential second quarter Eurozone GDP rebound

    15 May 2018 Chris Williamson

    New GDP estimates add further confirmation to the slowing of the Eurozone economy in early 2018.

    • Purchasing Managers’ Index (PMI)
  249. April PMI signals improving demand as India economy recovers from twin shocks

    14 May 2018

    India’s economic performance accelerated to the strongest in three months at the start of the second quarter.

    • Purchasing Managers’ Index (PMI)
  250. IHS Markit US PMI surveys indicate price pressures at highest since mid-2011

    14 May 2018 Chris Williamson

    S&P Global US PMI surveys indicate price pressures at highest since mid-2011

    • Purchasing Managers’ Index (PMI)
  251. Monthly PMI Overview May 2018

    10 May 2018 Chris Williamson

    Monthly PMI Overview

    • Purchasing Managers’ Index (PMI)
  252. Survey data in spotlight as Bank of England holds interest rates

    10 May 2018 Chris Williamson

    The Bank of England left interest rates unchanged at the Monetary Policy Committee's May meeting.

    • Purchasing Managers’ Index (PMI)
  253. Monthly PMI Overview

    10 May 2018 Chris Williamson

    Monthly PMI Overview

  254. Chinese economic growth stymied in April by falling exports

    04 May 2018 Bernard Aw

    Chinese economic growth stymied in April by falling exports

    • Purchasing Managers’ Index (PMI)
  255. Eurozone productivity stagnates during April

    04 May 2018 Pollyanna De Lima

    Total productivity in the euro area was broadly unchanged in April, thereby ending a 58-month period of uninterrupted growth.

    • Purchasing Managers’ Index (PMI)
  256. Muted PMI leaves global economy in lower gear

    04 May 2018 Chris Williamson

    After a brief spell of excitement at the start of the year, PMI survey data indicate that global economic growth has settled into a lower (but...

    • Purchasing Managers’ Index (PMI)
  257. PMI rises to six-month high as Japan's economic upturn regains momentum

    03 May 2018 Bernard Aw

    The Japanese economy expanded at the strongest rate for six months at the start of the second quarter, according to PMI data.

    • Purchasing Managers’ Index (PMI)
  258. Muted UK PMI rebound indicates tepid economic growth at start of second quarter

    03 May 2018 Chris Williamson

    Business activity picked up only modestly in April after being disrupted by heavy snowfall in March.

    • Purchasing Managers’ Index (PMI)
  259. Malaysian manufacturing growth weakens but optimism hits multi-year high

    02 May 2018 Bernard Aw

    Latest survey data indicate that the health of Malaysia's manufacturing economy weakened further at the start of the second quarter.

    • Purchasing Managers’ Index (PMI)
  260. Global manufacturing PMI subdued by slowdown in global trade

    02 May 2018 Chris Williamson

    PMI survey data show global manufacturing managed only a modest rebound in April.

    • Purchasing Managers’ Index (PMI)
  261. Indonesia manufacturing growth picks up but future worries hit five-year high

    02 May 2018 Bernard Aw

    Indonesia’s manufacturing economy picked up pace at the beginning of the second quarter, building on the positive start to the year.

    • Purchasing Managers’ Index (PMI)
  262. UK manufacturing PMI at one-and-a-half year low

    01 May 2018 Chris Williamson

    UK manufacturers reported the weakest improvement in business conditions for nearly one-and-a-half years in April.

    • Purchasing Managers’ Index (PMI)
  263. Upcoming UK PMI data in spotlight after disappointing first quarter GDP numbers

    27 April 2018 Chris Williamson

    UK economic growth slowed to near stagnation in the first quarter, casting further doubts on the health of the economy.

    • Purchasing Managers’ Index (PMI)
  264. Week Ahead Economic Preview

    27 April 2018 Chris Williamson

    The week sees important updates to the global economic picture in the form of manufacturing and service sector PMI surveys.

    • Purchasing Managers’ Index (PMI)
  265. Eurozone settles into lower gear

    23 April 2018 Chris Williamson

    Eurozone settles into lower gear

    • Purchasing Managers’ Index (PMI)
  266. Comparisons of US manufacturing output ‘soft data’ accuracy

    20 April 2018 Chris Williamson

    As a ‘soft data’ advance guide to official data on manufacturing output, the S&P Global PMI has outperformed the ISM.

    • Purchasing Managers’ Index (PMI)
  267. Successful use of 'soft data' in nowcast models will depend on choice of data

    18 April 2018 Chris Williamson

    S&P Global’s PMI data painted a far more accurate picture of the US manufacturing economy in 2017 than the ISM surveys.

    • Purchasing Managers’ Index (PMI)
  268. PMI data continues to signal solid growth prospects for Australia

    18 April 2018 Joseph Hayes

    The latest Commonwealth Bank of Australia PMI data signalled another month of solid output growth at the end of the first quarter.

    • Purchasing Managers’ Index (PMI)
  269. Ghana’s economic recovery continues amid muted price pressures

    18 April 2018 Andrew Harker

    The latest Stanbic Bank Ghana PMI, compiled by S&P Global, pointed to the strongest improvement in business conditions for six months in March....

    • Purchasing Managers’ Index (PMI)
  270. Brazil PMI shows improved growth momentum during opening months of 2018

    17 April 2018 Pollyanna De Lima

    Brazil PMI shows improved growth momentum during opening months of 2018

  271. Slowdown in Asia transport business activity at end of Q1

    17 April 2018 Bernard Aw

    Slowdown in Asia transport business activity at end of Q1

  272. UK pay pressures continue to build as staff hiring remains robust

    10 April 2018 Annabel Fiddes

    Staff appointments rose sharply in March, while lower candidate availability placed further upward pressure on starting pay.

    • Purchasing Managers’ Index (PMI)
  273. Global economy suffers loss of momentum in March

    10 April 2018 Chris Williamson

    Global economic growth slowed sharply to the weakest for over a year in March, according to PMI survey data.

    • Purchasing Managers’ Index (PMI)
  274. Strong rise in Czech manufacturing output continues into 2018, despite March slowdown

    10 April 2018 Sian Jones

    The Czech manufacturing sector started 2018 in rude health, according to the latest PMI survey data.

    • Purchasing Managers’ Index (PMI)
  275. Week Ahead Economic Preview

    06 April 2018 Chris Williamson

    The week sees economic news that should provide insights into central bank thinking in the US, UK and eurozone.

    • Purchasing Managers’ Index (PMI)
  276. Hong Kong PMI points to best quarter in four years despite March slip | IHS Markit

    06 April 2018 Bernard Aw

    Hong Kong’s private sector achieved its strongest quarterly performance since early 2014, according to latest Nikkei PMI data.

    • Purchasing Managers’ Index (PMI)
  277. IHS Markit PMI and air freight demand compared

    06 April 2018 Bernard Aw

    PMI surveys can provide early insights into demand at industry level, as illustrated by the following analysis of air transport and air travel....

    • Purchasing Managers’ Index (PMI)
  278. Global PMI slides to 16-month low in broad-based slowdown

    05 April 2018 Chris Williamson

    Global economic growth slowed sharply to the weakest for over a year in March, according to the latest PMI surveys.

    • Purchasing Managers’ Index (PMI)
  279. Signs of manufacturing cycle having peaked as PMI slips to five-month low

    04 April 2018

    Global manufacturing growth slowed to a five-month low in March, though remained robust by recent standards.

  280. Chinese economic growth loses momentum at end of first quarter

    04 April 2018 Bernard Aw

    March PMI survey data signalled a noticeable loss of momentum in China’s economic growth

    • Purchasing Managers’ Index (PMI)
  281. Signs of manufacturing cycle having peaked as PMI slips to five-month low

    04 April 2018 Chris Williamson

    Global manufacturing growth slowed to a five-month low in March, though remained robust by recent standards.

    • Purchasing Managers’ Index (PMI)
  282. PMI slips to 17-month low as Japan’s economic upturn loses steam

    04 April 2018 Bernard Aw

    Growth of Japanese business activity was the slowest since October 2016 at the end of the first quarter.

    • Purchasing Managers’ Index (PMI)
  283. Philippines manufacturing growth regains pace at end of first quarter

    03 April 2018 Bernard Aw

    The Philippines manufacturing sector is on course for its weakest quarterly growth in recent years, according to Nikkei PMI data.

    • Purchasing Managers’ Index (PMI)
  284. Thailand PMI survey shows deteriorating manufacturing conditions in March

    03 April 2018 Bernard Aw

    Thailand’s manufacturing economy ended the first quarter on a low, according to Nikkei PMI data

    • Purchasing Managers’ Index (PMI)
  285. Eurozone PMI slides to 14-month low as economy loses growth momentum

    22 March 2018 Chris Williamson

    Eurozone business activity grew at its slowest rate for over a year in March, according to the flash S&P Global Eurozone PMI.

    • Purchasing Managers’ Index (PMI)
  286. Flash Japan PMI rounds off best quarter for Japanese manufacturing since 2014

    22 March 2018 Bernard Aw

    The March flash PMI rounded off the best quarter for the Japanese manufacturing economy since early-2014.

    • Purchasing Managers’ Index (PMI)
    • Financial Services
  287. UK pay growth hits 2½ year high

    21 March 2018 Chris Williamson

    Signs of accelerating pay growth raise the prospect of interest rates being hiked again in May.

    • Purchasing Managers’ Index (PMI)
  288. Food and drink sector improves strongly at start of 2018

    20 March 2018 Joseph Hayes

    Global production growth in the food and beverages industry remained strong during February, according to latest PMI data.

    • Purchasing Managers’ Index (PMI)
  289. UK inflation fall brings relief to households

    20 March 2018 Chris Williamson

    Softer UK inflation means the squeeze on incomes is coming to an end, with survey data highlighting how the mood among households has started...

    • Purchasing Managers’ Index (PMI)
  290. Upswing in eurozone construction activity continues at start of 2018

    20 March 2018 Alex Gill

    The eurozone construction sector is enjoying one of its best spells for over a decade, with growth remaining buoyant in February.

    • Purchasing Managers’ Index (PMI)
  291. Chinese economy set for best quarter since 2010, despite February dip

    19 March 2018 Bernard Aw

    China’s economy lost a little momentum in February, but the country remained on course for its best quarter for over seven years.

    • Purchasing Managers’ Index (PMI)
  292. Australia PMI surveys point to steady growth in the first quarter

    12 March 2018 Bernard Aw

    The Australian economy maintained solid growth momentum in February, according to the latest Commonwealth Bank PMI surveys.

    • Purchasing Managers’ Index (PMI)
  293. European manufacturing supply capacity stretched but not broken

    09 March 2018 Mathieu Ras

    The European economy has been accelerating for the last two years, leading to increased pressure on productive capacity.

    • Purchasing Managers’ Index (PMI)
  294. Global economy enjoying accelerating momentum in 2018, accompanied by rising price pressures

    07 March 2018 Chris Williamson

    The global economy has enjoyed accelerating momentum so far in 2018, according to PMI data.

    • Purchasing Managers’ Index (PMI)
  295. UK PMI surveys show economy regaining momentum, price pressures cool

    05 March 2018 Chris Williamson

    The UK economy picked up steam again in February after a slow start to the year.

    • Purchasing Managers’ Index (PMI)
  296. Japan PMI surveys point to another solid quarterly expansion

    05 March 2018 Bernard Aw

    Japanese economic growth remained robust in February despite losing a bit of momentum.

    • Purchasing Managers’ Index (PMI)
  297. Singapore’s private sector economy on course for best quarter since mid-2014

    05 March 2018 Bernard Aw

    PMI survey data showed the UK manufacturing sector growing at the slowest pace for nearly a year in February

    • Purchasing Managers’ Index (PMI)
  298. Philippines manufacturing growth slows as new taxes curb demand

    02 March 2018 Bernard Aw

    Growth in the Philippines manufacturing economy suffered a further loss of momentum during February, according to the Nikkei PMI surveys.

    • Purchasing Managers’ Index (PMI)
  299. Week Ahead Economic Preview

    02 March 2018 Chris Williamson

    A busy week sees a flow of key data releases ranging from worldwide services PMI surveys through to the US employment report.

    • Purchasing Managers’ Index (PMI)
  300. Europe leads global manufacturing upturn, but also sees highest price pressures

    01 March 2018 Chris Williamson

    Global manufacturing lost a little momentum for a second successive month in February, according to the latest PMI™ surveys.

    • Purchasing Managers’ Index (PMI)

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