China’s National Bureau of Statistics (NBS) reported that the February manufacturing purchasing managers’ index (PMI) surged to 52.6, the fastest pace of growth since April 2012, from 50.1 in January. This indicates that the country’s economy is rebounding following the Chinese government’s announcement of the abolition of the zero COVID policy, which has boosted consumer …
The Federal Reserve Bank of Dallas has released a report stating that the manufacturing activity index for Texas fell to -13.5 in February, coming in lower than analysts’ expectations of -9.5 from the previous month’s -8.4. This marks the 10th consecutive month of contraction in the Texas manufacturing sector, which has been hit hard by …
Fed Dallas Manufacturing Index Contracts for 10th Month, Plummets in February Read More »
According to a recent report by S&P Global, the Purchasing Managers’ Index (PMI) for the US manufacturing and services sector rose to its highest level in eight months in February, reaching 50.2, up from 46.8 in January. The PMI index indicates whether the US business sector is contracting or expanding and a reading above 50 …
US manufacturing-services PMI hits highest in 8 months Read More »
The Bank of Thailand (BOT) has reported a rise in its Business Confidence Index, with January’s reading at 49.8, up from December’s 48.4. Almost all components have contributed to the increase, with the manufacturing and non-manufacturing sectors both slightly above pre-COVID levels. Despite the Manufacturing Confidence Index remaining below 50, confidence in the sector has …
Thailand’s January Business Confidence Improves, Manufacturing Leads the Way Read More »
S&P Global reported that the final US manufacturing purchasing managers’ index (PMI) increased to 46.9 in January from 46.2 in December and above the preliminary reading of 46.8. Despite the rise, the index remained below the 50 level, indicating a contraction in the US manufacturing sector for the third consecutive month. The PMI was impacted …
US Manufacturing Contracts for Third Month in a Row Read More »
China’s manufacturing sector saw a slight recovery in January, according to the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), which rose to 49.2 from December’s 49.0. This was supported by the Chinese government’s lifting of COVID-19 control measures, which relieved pressure on the country’s manufacturers. However, the ongoing impact of the pandemic on workers will continue …
South Korea’s Purchasing Managers’ Index (PMI) for manufacturers showed a slight decline in January, coming in at 48.5 compared to 48.2 in December. Despite the slight increase, the PMI has remained below the mid-50 level for seven consecutive months, impacted by weak global demand and the COVID-19 outbreak in China. January saw a contraction in …
South Korea’s Manufacturing PMI Falls Slightly in January Read More »
The Office of Industrial Economics (OIE) has reported a contraction in Thailand’s Manufacturing Production Index (MPI) in December 2022. The MPI was at 93.89, a decrease of 8.19% compared to the same period in the previous year. This contraction marks the 28th consecutive month of decline, with the largest contraction recorded in August at 91.21. …
Thailand’s Manufacturing Production Index Contracts 8.19% in December 2022 Read More »
China’s National Bureau of Statistics has reported that the country’s manufacturing purchasing managers’ index (PMI) rose to 50.1 in January, stronger than the expected 49.8, marking the first expansion in the manufacturing sector since September 2022. The services PMI also saw a rise, reaching 54.4 from December’s 41.6, indicating growth in China’s services sector. A …
China’s Manufacturing and Services PMI Show Solid Growth in January Read More »
The au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 48.9 in December from 49.0 in November. Although the index was slightly above the preliminary mark of 48.8, this was the lowest level since October 2020 and the second month the index was below 50, which is the dividing line between expansion and …
Japanese manufacturing activity shrinks to lowest level in more than 2 years in December Read More »