man standing beside heavy equipment

US Manufacturing Contracts for Third Month in a Row

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…

photo of an industrial factory emitting smoke

Factory Activity in Japan Contracts for Third Month in January

Factory activity in Japan remained in contraction for a third consecutive month in January, according to the latest Japan Manufacturing Purchasing Managers’ Index (PMI). Despite this, the outlook for producers remains optimistic as better supply and prices are expected. The…

people working with maturing cheese

South Korea’s Manufacturing PMI Falls Slightly in January

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…

man standing beside heavy equipment

Eurozone Business Activity Shows Unexpected Growth in January

According to preliminary surveys from S&P Global, Eurozone business activity turned unexpectedly into modest growth in January, indicating that the Eurozone economic downturn may not be as severe as expected and the Eurozone could avoid a recession. The Purchasing Manager’s…

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UK services PMI falls for the third month in December

The S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) rose to 49.9 in December, its highest reading since September (48.8 in November). The PMI index remains below the 50 mark, suggesting that UK services sector activity continued to contract in…

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