The latest private sector survey, released on January 4, unveils a worrying trend in Japan’s manufacturing sector, showcasing its most rapid contraction in 10 months during December. This decline was primarily attributed to dwindling production and a slump in new orders, a result of prevailing market uncertainties. The Jibun Bank Final Manufacturing Purchasing Managers’ Index […]
The Institute for Supply Management (ISM) disclosed that its manufacturing index in December exhibited a modest increase, rising to 47.4 from November’s 46.7. The figure surpassed analysts’ expectations of 47.2. This slight uptick in the index was primarily propelled by a surge in employment within the manufacturing sector. However, it was offset by a decline
India’s manufacturing sector witnessed a notable slowdown in growth, hitting an 18-month low in December 2023, primarily attributed to a reduced rate of increase in new orders and production levels. The final Indian manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global and disclosed by HSBC, stood at 54.9 in December. While slightly down from
Indian Manufacturing Sector Records 18-Month Low Growth in December 2023 Read More »
The German manufacturing landscape sustained a contraction through December 2023, yet signs of optimism emerged as future business outlook improved for the first time since April. The German Final Manufacturing Purchasing Managers’ Index (PMI), derived from Hamburg Commercial banks’ (HCOB) index and compiled by S&P Global, reported a figure of 43.3 in December. Though a
The British manufacturing sector witnessed a continued contraction in December 2023, exacerbating concerns about the nation’s economic recovery. The UK Final Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global/CIPS, recorded a figure of 46.2 in December. This marks a decline from November’s 47.2, which had briefly peaked at a seven-month high, and falls short
The Eurozone faces a looming recession as its manufacturing sector grapples with an 18-month consecutive contraction, indicating a concerning economic downturn in December 2023. According to the Eurozone Final Manufacturing Purchasing Managers’ Index (PMI) released by Hamburg Commercial banks (HCOB) and compiled by S&P Global, the index recorded 44.4 in December, a marginal increase from
According to data released by S&P Global, the US Final Manufacturing Purchasing Managers’ Index (PMI) declined to 47.9 in December. This figure marks a notable drop from November’s 49.4 and falls below the preliminary estimate of 48.2, representing the lowest reading since August. The persistent downward trend keeps the PMI below the crucial 50-mark, indicating
US Manufacturing PMI Contracts Further in December, Hits Lowest Level Since August Read More »
The latest figures from the Hamburg Commercial Banks (HCOB) index, compiled by S&P Global, indicate that France’s Final Manufacturing Purchasing Managers’ Index (PMI) for December 2023 plummeted to 42.1. This marks the most substantial contraction since May 2020, signaling significant challenges within the sector. A PMI reading below 50 signifies a contraction in manufacturing activity,
French Manufacturing Records Deepest Contraction Since May 2020 in December 2023 Read More »
The latest data from Hamburg Commercial banks’ (HCOB) index, compiled by S&P Global, reveals that Spain’s final Manufacturing Purchasing Managers’ Index (PMI) for December stood at 46.2. This figure indicates a slight decrease from November’s 46.3 and marks the ninth consecutive month of contraction in the sector. A PMI reading below 50 signifies a contraction
According to a private sector survey conducted by Judo Bank, Australian factory activity experienced a substantial decline in December 2023, marking the most severe contraction since May 2020. The manufacturing Purchasing Managers’ Index (PMI) for December in Australia reached 47.6, a slight dip from November’s 47.7. This marks the sector’s contraction for the 10th consecutive
Australian Manufacturing PMI Records Deepest Contraction Since May 2020 in December 2023 Read More »