The Purchasing Managers’ Index (PMI) for the UK’s manufacturing and primary services sectors fell to 51.8 in May, a 15-month low (April: 58.2). The PMI was below analysts’ forecast of 57.0, due to inflation and the war between Russia and Ukraine, which weighed on consumer demand and slowed new orders. At the same time, business […]
UK Manufacturing and Services PMI was Lower Than Expected in May Read More »
According to S & P Global / CIPS, the UK manufacturing Purchasing Managers’ Index (PMI) rose slightly in April after falling to its weakest level in a year in March. Manufacturers are concerned about the production trend, as costs have increased while demand is stagnant. The final manufacturing PMI rose to 55.8 in April, up
UK Manufacturing PMI Up Slightly in April Read More »
S&P Global released its final manufacturing purchasing managers’ index for April. It fell to 54.6 from 56.9 in March but was still slightly above the original estimate of 54.1. The disruption of the supply chain combined with weak demand impacted German production activities. The war in Ukraine and the sanctions imposed are factors that have
German Manufacturing PMI and Retail Sales Down Read More »
China’s National Bureau of Statistics (NBS) reported that China’s manufacturing purchasing managers’ index was 47.4 in April, down from 49.5 in March. According to NBS, the resurgence of the COVID-19 epidemic in the country has brought the factory’s production activity and market demand to a standstill. The sub-index for manufacturing was 44.4 points in April,
China’s Manufacturing Services Sector Contracted in April Read More »
S&P Global reports that the Eurozone’s Purchasing Managers’ Index (PMI) for manufacturing and services fell to 54.9 in March from 55.5 in February, but above the initial reading of 54.5 for March. The PMI remains above 50, indicating that the eurozone’s manufacturing and services sectors continue to expand. The eurozone corporate sector expanded last month
Eurozone Manufacturing and Services PMI for March Declined Read More »
S&P Global reported that the final U.S. manufacturing Purchasing Managers’ Index (PMI) rose to 58.8 in March, above the initial reading of 58.5. The rise in the PMI was driven by easing supply chain bottlenecks, including increases in new orders and employment. A PMI above 50, indicates an expansion of the manufacturing sector in the
S&P Global / CIPS reported that the UK manufacturing Purchasing Managers’ Index (PMI) fell to 55.2 in March from 58.0 in February. The PMI remains above 50, suggesting that UK manufacturing continues to expand. Manufacturing in the United Kingdom recorded its weakest growth in 13 years in March. Price pressure, which had previously shown signs
Final UK Manufacturing PMI Drops to 13-Month Low in March Read More »
S&P Global reported a decline in manufacturing activity in the eurozone in March. Demand contracted, affecting confidence in the manufacturing sector, and at the same time, rising energy costs have led to a rebound in product prices. The March Purchasing Managers’ Index (PMI) for the manufacturing sector fell to a 14-month low of 56.5 from
Eurozone Manufacturing PMI Index in March Lowest Level in 14 Months Read More »
China’s manufacturing Purchasing Managers’ Index fell the most in two years in March, due to the outbreak of COVID-19, which is again spreading strongly in China. In addition, the impact of the Ukraine war on the Chinese economy also caused a sharp slowdown in production and demand. China’s manufacturing purchasing managers’ index fell to 48.1
China’s Manufacturing Sector Records Strongest Decline in Two Years Read More »
The Institute of Supply Management (ISM) announced that the U.S. manufacturing Purchasing Managers Index (PMI) rose to 58.6 in February from 57.6 in January. The rise in the PMI was driven by the easing of supply chain bottlenecks. This also includes the rise in new orders and employment. The PMI remains above 50, indicating an
The U.S. Manufacturing PMI Rose in February Read More »