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 »
According to the latest report from S&P Global, South Korea’s manufacturing sector faced a significant downturn in December, primarily attributed to a decline in new orders fueled by weakening demand from China. The Purchasing Managers’ Index (PMI) for South Korea’s manufacturing dropped to 49.9 last month from 50.0 in November, marking a contraction. A PMI
South Korean Manufacturing PMI Contracts in December Amidst Slowing Chinese Demand Read More »
According to a survey conducted by Caixin and S&P Global Service, China’s Manufacturing Purchasing Managers’ Index (PMI) for December showcased consecutive growth for the second month, driven by a surge in domestic demand. December witnessed a rise in China’s manufacturing PMI to 50.8 from November’s 50.7, marking the second consecutive month of expansion. An index
Japan’s Ministry of Economy, Trade, and Industry unveiled a 0.9% decline in the country’s industrial production for November, marking the first downturn in three months, predominantly attributed to a slowdown in automobile and electronic goods manufacturing. The recent data release reflects a decrease in output across key sectors, primarily impacting the production of automobiles and
Japan’s Industrial Production Drops 0.9% in November, Auto Manufacturing Slump Cited Read More »
The Federal Reserve Bank’s Philadelphia Branch unveiled the latest figures for the manufacturing index in the Mid-Atlantic region, revealing a notable decline. The index, a key indicator of manufacturing health, dropped to -10.5 in December from November’s -5.9, falling below analysts’ expectations of -4.0. This downward trend signifies ongoing challenges within the manufacturing sector of
Philadelphia Fed Report Shows December Manufacturing Index Below Expectations Read More »
France witnessed a sharper contraction than anticipated in business activity during December, according to a survey conducted by S&P Global. The data underscores ongoing weaknesses in the demand for both goods and services within the country. The French Services Purchasing Managers’ Index (PMI) from Hamburg Commercial Bank (HCOB) plummeted to 44.3 in December, marking a
The South Korean government’s latest economic report, released today (Dec. 15), outlined promising indications of economic recovery for the second consecutive month, primarily propelled by a resurgence in the manufacturing sector and notable growth in employment opportunities. According to the Ministry of Economy and Finance’s monthly Green Book report, the economy continues to exhibit sustained
South Korean Economy Shows Recovery Trends, Manufacturing and Employment Sectors Surge Read More »
New Zealand’s economy faced an unexpected contraction in the third quarter of 2023, characterized by a slowdown in vital sectors like manufacturing and construction, as reported by the New Zealand Bureau of Statistics on Thursday (Dec 14). The decrease in household spending also contributed to the economic downturn. The latest data revealed a 0.3% decline
Japan’s manufacturing sector continued its contraction for the seventh straight month in December, according to a survey by Jibun Bank released today (Dec. 15). Conversely, the service sector saw marginal improvement. This persistent decline is attributed to subdued demand and mounting price pressures hampering growth prospects. The December primary manufacturing Purchasing Managers’ Index (PMI) for
Japan’s Manufacturing PMI Contracts for Seventh Consecutive Month Amid Weak Demand Read More »