Eurozone manufacturing: UK outstrips Europe in the battle of the PMIs November 3, 2014 Manufacturing data published this morning confirmed what many already suspected: manufacturing activity in the UK is outstripping the Eurozone and has opened an economic gap on China. For October, the Eurozone’s manufacturing purchasing managers’ index (PMI) was at 50.6, while China’s was at 50.4. Both a hair’s breadth from the 50 point mark that separates [...]
Eurozone PMI in graphs: Spain and Ireland report strong services growth, while France and Italy lag behind September 3, 2014 More economic problems for France and Italy. Both countries slipped in to contractionary territory in the Markit PMI stakes, recording composite (manufacturing and services) scores below the 50 point that indicates growth. The Eurozone overall posted at 52.5, revised down from 52.8. BNP Paribas has suggested that the downward revision points to mid-month events affecting [...]
UK manufacturing PMI: Russia tensions push growth to its lowest in 14 months September 1, 2014 It turns out even the UK manufacturing sector, which over recent months has staged a glorious recovery, is vulnerable to the whims of Vladimir Putin. The Purchasing Manager's Index, published this morning, fell to 52.5 in August, its lowest reading since June 2013 and well below economists' expectations of 55. The index, published by Markit [...]
Eurozone on track for growth: Service sector PMI at 38-month high August 5, 2014 There are hopes that the Eurozone may be on track for growth, after July's Purchasing Managers' Index (PMI) showed that activity in the region's service sector had reached a 38-month high. The figures, published by Markit, also showed that Eurozone business expanded at the second-fastest pace in three years as a buoyant service industry [...]
UK services PMI soars to 59.1 in July August 5, 2014 The data is out: the services purchasing managers' index (PMI) was up to 59.1 in July, higher even than June, putting the headline figure at an eight-month high. The general consensus was that the figures would be up to 58.0 from 57.7. Such an increase could mean a stronger pound. Any reading above 50 indicates [...]
Chinese services PMI at its lowest since records began August 5, 2014 The Chinese services purchasing managers' index came in at 50.0 for July, its lowest reading since data collation began in November 2005. According to research by HSBC and Markit, the sector was stagnant as a result of slowing market conditions in the property sector. Any reading above 50.0 indicates growth, and this is the first [...]
Asian markets buoyant on Chinese PMI data June 3, 2014 Asian markets are up for the second day after data showed the Chinese services sector grew at its fastest pace in six months in May. The official non-manufacturing purchasing managers' index rose from April's 54.8 to 55.5 in May, according to the National Bureau of Statistics. New orders reached an eight-month high of 52.7, up [...]
UK services PMI suffers biggest drop in a decade September 5, 2011 Activity in the UK’s dominant services sector slowed at the fastest pace in a more than a decade last month, and firms’ confidence in future business weakened to a one-year low, new data shows. The Markit/CIPS services purchasing managers’ index (PMI) fell to 51.1 in August from 55.4 in July. This was the second-biggest fall [...]
UK services PMI suffers biggest drop in a decade September 5, 2011 Activity in the UK’s dominant services sector slowed at the fastest pace in a more than a decade last month, and firms’ confidence in future business weakened to a one-year low, new data shows. The Markit/CIPS services purchasing managers’ index (PMI) fell to 51.1 in August from 55.4 in July. This was the second-biggest fall [...]
UK construction PMI weaker than expected May 4, 2011 Activity in Britain’s construction sector slowed more than expected last month, a survey of purchasing managers by Markit/CIPS showed. The Markit/CIPS headline construction PMI index fell to 53.3 in April from 56.4 in March. Economists had expected a more modest slowdown in the index to 55.5. Both the housing and civil engineering sub-industries registered weaker [...]