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PMI® Commentary and Analysis

Reliable and timely insight into the health of the global economy

Insights from our monthly Purchasing Managers’ Index™ (PMI®) survey data enable financial and corporate professionals to better understand where economies and markets are headed and uncover opportunities

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  1. Trade downturn eases at start of 2024 despite Red Sea disruptions

    07 February 2024 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI)  surveys compiled by S&P Global Market Intelligence indicated a further deterioration of global...

    • Purchasing Managers’ Index (PMI)
  2. Global PMI signals faster economic growth and brighter prospects at start of 2024

    06 February 2024 Chris Williamson

    Global output growth accelerated for a third straight month in January, according to the S&P Global PMI surveys. Looser financial conditions...

    • Purchasing Managers’ Index (PMI)
  3. Global PMI signals lowest inflation rate since October 2020

    06 February 2024 Chris Williamson

    Average prices charged for goods and services rose globally at the slowest rate since October 2020, according to the January worldwide PMI surveys...

    • Purchasing Managers’ Index (PMI)
  4. Week Ahead Economic Preview: Week of 5 February 2024

    02 February 2024 Jingyi Pan Chris Williamson

    January's services PMI, plus detailed sector data, will be unveiled at the start of the week to kickstart a busy data calendar.

    • Purchasing Managers’ Index (PMI)
  5. Worldwide manufacturing confidence improves as factories shrug off Red Sea concerns

    01 February 2024 Chris Williamson

    Global manufacturing supply chains lengthened in January for the first time in a year, according to PMI survey data. Disruptions to shipping...

    • Purchasing Managers’ Index (PMI)
  6. Week Ahead Economic Preview: Week of 29 January 2024

    26 January 2024 Jingyi Pan Chris Williamson

    Central bank meetings remain in the spotlight with the US Fed and the Bank of England both set to convene in the coming week.

    • Purchasing Managers’ Index (PMI)
  7. US flash PMI signals steep fall in inflation at start of 2024

    25 January 2024 Chris Williamson

    The early PMI data for January signalled a marked cooling of inflation pressures in the US economy, in turn linked to a waning of elevated price...

    • Purchasing Managers’ Index (PMI)
  8. Week Ahead Economic Preview: Week of 22 January 2024

    19 January 2024 Jingyi Pan Chris Williamson

    Central bank meetings in the eurozone, Canada and Japan will be the highlights through the week as the market looks for hints of monetary policy...

    • Purchasing Managers’ Index (PMI)
  9. Emerging markets conclude 2023 on better note than developed markets

    16 January 2024 Jingyi Pan

    The divergence between emerging and developed markets continued into the end of 2023, with faster economic expansions among emerging economies...

    • Purchasing Managers’ Index (PMI)
  10. Monthly PMI Bulletin: January 2024

    12 January 2024 Jingyi Pan

    The global economic expansion accelerated in December, though divergences between sectors and regions were observed.

    • Purchasing Managers’ Index (PMI)
  11. Monthly PMI Bulletin: December 2023

    12 January 2024 Jingyi Pan

    The global economic expansion accelerated in December, though divergences between sectors and regions were observed.

    • Purchasing Managers’ Index (PMI)
  12. ASEAN economic outlook in 2024

    12 January 2024 Rajiv Biswas

    The near-term economic outlook for the ASEAN region in 2024 remains positive, supported by the continued expansion of domestic demand in a number...

    • Purchasing Managers’ Index (PMI)
  13. Week Ahead Economic Preview: Week of 15 January 2024

    12 January 2024 Rajiv Biswas Jingyi Pan Chris Williamson

    In addition to the US earnings season coming into full flow, the week ahead will see some key insights into growth and inflation trends at the...

    • Purchasing Managers’ Index (PMI)
  14. Global PMI data point to stalled descent of inflation

    04 January 2024 Chris Williamson

    Average prices charged for goods and services rose globally at an unchanged rate in December, according to the worldwide PMI surveys, meaning...

    • Purchasing Managers’ Index (PMI)
  15. US factories end 2023 on soft note amid signs of excess operating capacity

    02 January 2024 Chris Williamson

    US manufacturers ended the year on a sour note, according to S&P Global's PMI survey

    • Purchasing Managers’ Index (PMI)
  16. Global factory job losses gather pace as demand weakness persists at close of 2023

    02 January 2024 Chris Williamson

    Global manufacturing remained firmly in the doldrums in December, according to the latest JPMorgan Global PMI

    • Purchasing Managers’ Index (PMI)
  17. Flash PMIs point to widening growth divergences as 2023 draws to a close

    18 December 2023 Chris Williamson

    Early PMI survey data for December from S&P Global showed the major developed economies collectively stagnating.

    • Purchasing Managers’ Index (PMI)
  18. Week Ahead Economic Preview: Week of 18 December 2023

    18 December 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Into the final weeks of 2023, more inflation data will keep the markets occupied with CPI numbers out of the UK, Eurozone, Japan and Canada while...

    • Purchasing Managers’ Index (PMI)
  19. US flash PMI ends 2023 at highest since July amid looser financial conditions

    15 December 2023 Chris Williamson

    The early PMI data indicate that the US economy picked up a little momentum in December, closing off the year with the fastest growth recorded...

    • Purchasing Managers’ Index (PMI)
  20. Monthly PMI Bulletin: December 2023

    14 December 2023 Jingyi Pan

    The global economic expansion resumed in November. Stabilisation of new order inflows supported a mild growth in output while inflation rates...

    • Purchasing Managers’ Index (PMI)
  21. US cost pressures hit three year low in November, jobs growth stalls

    05 December 2023 Chris Williamson

    The latest PMI data for the US point to a further cooling of inflation pressures, but the surveys also signal only modest economic growth and...

    • Purchasing Managers’ Index (PMI)
  22. Shifting Sands: Economic Trends Impacting Global Economies in 2023-24

    05 December 2023 Tim Moore Phil Smith Paul Smith Maryam Baluch Lewis Cooper Joseph Hayes Jingyi Pan David Owen Chris Williamson Annabel Fiddes Andrew Harker

    Global and region-specific insights into global economic trends signaled by our Purchasing Managers' Index (PMI®) economic data.

    • Purchasing Managers’ Index (PMI)
  23. China PMI signals tentative growth revival in November, prices edge higher for third month

    05 December 2023 Chris Williamson

    PMI survey data from S&P Global and Caixin showed the mainland Chinese economy regaining some growth momentum midway through the fourth quarter....

    • Purchasing Managers’ Index (PMI)
  24. India's rapid growth continues as inflation pressures ease further

    17 November 2023 Rajiv Biswas

    After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong, with industrial production rising by 6.0%...

    • Purchasing Managers’ Index (PMI)
  25. Emerging markets PMI signal further loss of growth momentum in October

    16 November 2023 Jingyi Pan

    Global growth stalled at the start of the fourth quarter as the contraction of developed market deepened while emerging market growth further...

    • Purchasing Managers’ Index (PMI)
  26. Singapore's economic growth improves in third quarter of 2023

    10 November 2023 Rajiv Biswas

    Singapore's economic growth momentum in 2023 year-to-date has slowed significantly compared with annual GDP growth of 3.6% in 2022.

    • Purchasing Managers’ Index (PMI)
  27. Week Ahead Economic Preview: Week of 13 November 2023

    10 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Key inflation releases from the US and UK are anticipated in the coming week, in addition to industrial production and retail sales data for...

    • Purchasing Managers’ Index (PMI)
  28. Monthly PMI Bulletin: November 2023

    09 November 2023 Jingyi Pan

    Edit Blog RE-PUBLISH Last Published 11/9/2023 3:15:26 AM By Tridion Admin ECONOMICS COMMENTARY Nov 09, 2023 Monthly PMI Bulletin: November 2023...

    • Purchasing Managers’ Index (PMI)
  29. Deterioration of trade conditions continues into Q4

    08 November 2023 Jingyi Pan

    The following is an excerpt from the monthly S&P Global Monthly Global Trade Monitor, produced with GTAS Forecasting. Read the latest on Connect™...

    • Purchasing Managers’ Index (PMI)
  30. Worldwide business activity stalls in October as global PMI hits 50.0

    07 November 2023 Chris Williamson

    Global business activity stalled in October, according to the S&P Global PMI surveys

    • Purchasing Managers’ Index (PMI)
  31. Global PMI data show prices rising at slowest rate since December 2020

    07 November 2023 Chris Williamson

    Global inflationary pressures moderated in October to their lowest since late-2020, according to PMI® data compiled by S&P Global across over...

    • Purchasing Managers’ Index (PMI)
  32. Final UK PMI data add support to Bank of England’s rate hike pause

    03 November 2023 Chris Williamson

    Final PMI survey data signalling falling service sector activity and cooling inflation pressures add support to the Bank of England's decision...

    • Purchasing Managers’ Index (PMI)
  33. Global factories remain in the doldrums, job losses mount, as demand continues to weaken

    03 November 2023 Chris Williamson

    Global manufacturing remained in the doldrums in October, according to the latest JPMorgan Global Manufacturing PMI data compiled by S&P Global....

    • Purchasing Managers’ Index (PMI)
  34. South Korea's exports rebound in October 2023

    03 November 2023 Rajiv Biswas

    South Korea's exports grew by 5.1% year-over-year (y/y) in October 2023, the first positive expansion recorded since September 2022.

    • Purchasing Managers’ Index (PMI)
  35. Week Ahead Economic Preview: Week of 6 November 2023

    03 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The upcoming week continues to pack a multitude of data releases including global services PMI release and more detailed sector PMI data.

    • Purchasing Managers’ Index (PMI)
  36. Worldwide factory prices rise again in October, but wage pressures cool

    02 November 2023 Chris Williamson

    Global manufacturing prices rose for a third successive month in October, according to the latest PMI data

    • Purchasing Managers’ Index (PMI)
  37. Subdued picture from flash PMIs masks widening growth divergences

    31 October 2023 Chris Williamson

    Early PMI survey data for October from S&P Global showed the major developed economies collectively contracting for a third month

    • Purchasing Managers’ Index (PMI)
  38. Week Ahead Economic Preview: Week of 30 October 2023

    30 October 2023 Chris Williamson Jingyi Pan Rajiv Biswas

    Edit Blog PUBLISH NOT LIVE ECONOMICS COMMENTARY Oct 30, 2023 Week Ahead Economic Preview: Week of 30 October 2023 Rajiv Biswas Jingyi Pan Chris...

    • Purchasing Managers’ Index (PMI)
  39. Australian economic growth moderates due to tighter monetary policy

    27 October 2023 Rajiv Biswas

    Australian economic growth momentum has softened during 2023 due to the cumulative impact of monetary policy tightening since May 2022.

    • Purchasing Managers’ Index (PMI)
  40. Week Ahead Economic Preview: Week of 30 October 2023

    27 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Key central bank meetings in the US, UK and Japan will be the highlights next week, alongside worldwide manufacturing and services PMI releases...

    • Purchasing Managers’ Index (PMI)
  41. US soft landing hopes boosted as flash PMI lifts higher and price pressures abate

    25 October 2023 Chris Williamson

    Hopes of a soft landing for the US economy will be encouraged by an improved situation seen in October, with headline flash PMI rising to a three-month...

    • Purchasing Managers’ Index (PMI)
  42. Flash PMI points to UK economic downturn extending into fourth quarter

    24 October 2023 Chris Williamson

    The UK economy continued to skirt with recession in October, according to latest Flash PMI data

    • Purchasing Managers’ Index (PMI)
  43. Rising recession risks as eurozone flash PMI falls in October, price pressures ease further

    24 October 2023 Chris Williamson

    The eurozone economic downturn accelerated at the start of the fourth quarter, according to provisional PMI survey data for October, with private...

    • Purchasing Managers’ Index (PMI)
  44. Japan's flash PMI points to stalling private sector economy at start of fourth quarter

    24 October 2023 Jingyi Pan

    October's flash PMI data revealed that Japan's private sector economy concluded the eight-month growth streak that commenced in January 2023....

    • Purchasing Managers’ Index (PMI)
  45. Week Ahead Economic Preview: Week of 23 October 2023

    20 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Central bank meetings in the Eurozone and Canada will be the highlights next week alongside flash October PMI data for the earliest insights...

    • Purchasing Managers’ Index (PMI)
  46. Reviewing the IMF global economic outlook and risks via PMI signals

    17 October 2023 Chris Williamson

    The IMF's latest assessment of the global economy corresponds closely with the picture portrayed in advance by the PMI surveys, with worldwide...

    • Purchasing Managers’ Index (PMI)
  47. Taiwan's Exports Turn Positive in September 2023

    13 October 2023 Rajiv Biswas

    After twelve successive months of declining year-on-year exports, Taiwan’s September exports showed a small positive increase year-on-year

    • Purchasing Managers’ Index (PMI)
  48. Week Ahead Economic Preview: Week of 16 October 2023

    13 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A slew of important economic updates in the coming week will provide insights into economic growth and inflation trends.

    • Purchasing Managers’ Index (PMI)
  49. Emerging markets PMI signal growth momentum slowing at end of third quarter

    12 October 2023 Jingyi Pan

    Global economic growth near-stalled for a second straight month in September amid a sustained contraction of developed market activity and an...

    • Purchasing Managers’ Index (PMI)
  50. Monthly PMI Bulletin: October 2023

    09 October 2023 Jingyi Pan

    The global economic expansion continued to decelerate at the end of the third quarter, slipping to the slowest in eight months.

    • Purchasing Managers’ Index (PMI)
  51. Renewed fall in global demand fuelled by rising impact of higher interest rates

    09 October 2023 Chris Williamson

    The Global PMI data – compiled by S&P Global across over 40 economies – showed a deepening downturn in demand for financial services in September...

    • Purchasing Managers’ Index (PMI)
  52. Trade conditions continue to deteriorate at end of third quarter

    09 October 2023 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a nineteenth successive monthly deterioration...

    • Purchasing Managers’ Index (PMI)
  53. Week Ahead Economic Preview: Week of 9 October 2023

    05 October 2023 Chris Williamson Jingyi Pan Rajiv Biswas

    Edit Blog RE-PUBLISH Last Published 10/5/2023 10:00:37 AM By Tridion Admin ECONOMICS COMMENTARY Oct 05, 2023 Week Ahead Economic Preview: Week...

    • Purchasing Managers’ Index (PMI)
  54. Vietnam GDP growth improves in third quarter of 2023

    05 October 2023 Rajiv Biswas

    Vietnam’s GDP growth rate improved to a pace of 5.3% year-over-year (y/y) in the third quarter of 2023, compared with 4.1% y/y in the second...

    • Purchasing Managers’ Index (PMI)
  55. Global PMI data hint at higher goods prices offsetting cooler service sector inflation

    05 October 2023 Chris Williamson

    The Global PMI data – compiled by S&P Global across over 40 economies and sponsored by JPMorgan – showed the rate of inflation of average prices...

    • Purchasing Managers’ Index (PMI)
  56. Global PMI signals near-term downturn risks amid falling backlogs of work

    05 October 2023 Chris Williamson

    Global economic growth remained largely stalled for a second consecutive month in September, according to the S&P Global PMI surveys

    • Purchasing Managers’ Index (PMI)
  57. Worldwide factory prices on the rise again in September

    02 October 2023 Chris Williamson

    Global manufacturing prices are on the rise again, according to the latest PMI data

    • Purchasing Managers’ Index (PMI)
  58. Global manufacturing remains in the doldrums as demand continues to weaken

    02 October 2023 Chris Williamson

    Global manufacturing output fell marginally for a fourth consecutive month in September, according to the latest PMI surveys/

    • Purchasing Managers’ Index (PMI)
  59. Thailand's economy faces headwinds from manufacturing sector downturn

    29 September 2023 Rajiv Biswas

    Thailand showed a gradual economic recovery from the COVID-19 pandemic during 2022, with real GDP growth having risen from 1.5% in 2021 to 2.6%...

    • Purchasing Managers’ Index (PMI)
  60. Week Ahead Economic Preview: Week of 2 October 2023

    29 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The start of a new month brings global PMI data releases to help assess economic conditions across the world and across various sectors.

    • Purchasing Managers’ Index (PMI)
  61. Flash PMI signal unwelcome combination of economic contraction and rising prices

    26 September 2023 Chris Williamson

    Early PMI survey data for September from S&P Global showed the major developed economies collectively contracting for a second month. Falling...

    • Purchasing Managers’ Index (PMI)
  62. Week Ahead Economic Preview: Week of 25 September 2023

    25 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A series of economic releases will be the highlight in the coming week ahead of worldwide manufacturing and services PMI updates at the start...

    • Purchasing Managers’ Index (PMI)
  63. US flash PMI points to slowing economy expansion amid stubborn price pressures

    22 September 2023 Chris Williamson

    US business activity growth remained close to stalled for a second month in a row in September, according to flash PMI data compiled by S&P Global...

    • Purchasing Managers’ Index (PMI)
  64. Eurozone flash PMI fuels further downturn worries as demand weakness intensifies

    22 September 2023 Chris Williamson

    Eurozone business activity remained in contraction at the end of the third quarter of the year as an increased rate of loss of orders led to...

    • Purchasing Managers’ Index (PMI)
  65. Flash PMI signals deepening UK economic downturn in September

    22 September 2023 Chris Williamson

    The disappointing PMI survey results for September mean a recession is looking increasingly likely in the UK

    • Purchasing Managers’ Index (PMI)
  66. Japan's growth momentum and inflation pressures ease in September

    22 September 2023 Jingyi Pan

    Japan's private sector economy continued to grow in September, extending the sequence of expansion that commenced at the start of 2023.

    • Purchasing Managers’ Index (PMI)
  67. Global inflation and growth: what to watch for in the September PMI surveys

    19 September 2023 Jingyi Pan

    Will the global economy continue to lose growth momentum, and is inflation still sticky at the end of the third quarter? These are the key questions...

    • Purchasing Managers’ Index (PMI)
  68. Prospects and hurdles: Mexican manufacturers on nearshoring horizon

    18 September 2023

    Nearshoring has become increasingly popular in recent years, particularly after the unprecedented disruptions to supply chains following the...

    • Purchasing Managers’ Index (PMI)
  69. Backlogs of work hint at further global economic weakness, but also lower inflation

    18 September 2023 Chris Williamson

    As policymakers stress the need for further insights into developing economic trends, awaiting to learn the lagged impact of prior interest rate...

    • Purchasing Managers’ Index (PMI)
  70. PMI as a tool for sector rotation investment strategies

    15 September 2023 Joseph Hayes

    In this paper, we introduce a new method to demonstrate how an active rules-based approach, based on "investment factors", can generate excess...

    • Purchasing Managers’ Index (PMI)
  71. Vietnam strengthens economic ties with US during President Biden's visit

    15 September 2023 Rajiv Biswas

    The visit by US President Joe Biden to Vietnam on 10-11 September has resulted in a further significant strengthening of bilateral economic ties...

    • Purchasing Managers’ Index (PMI)
  72. Week Ahead Economic Preview: Week of 18 September 2023

    15 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A series of central bank meetings unfold in the coming week, notably including in the US, UK and Japan, while flash PMI data bookend of the week...

    • Purchasing Managers’ Index (PMI)
  73. Emerging markets PMI signals encouraging resilience in August

    14 September 2023 Jingyi Pan

    The slowdown in global growth in August was underpinned by a renewed developed market contraction, but growth across the emerging markets remained...

    • Purchasing Managers’ Index (PMI)
  74. Solid contraction in the Dutch manufacturing sector amid a technical recession for the wider economy

    13 September 2023 Laura Denman

    The Netherlands followed its neighbour, Germany, into a technical recession in the second quarter of 2023, with GDP shrinking by 0.3%, as per...

    • Purchasing Managers’ Index (PMI)
  75. Monthly PMI Bulletin: September 2023

    08 September 2023 Jingyi Pan

    The global economic expansion further decelerated midway into the third quarter, sinking to the slowest in seven months

    • Purchasing Managers’ Index (PMI)
  76. India's GDP growth remains buoyant in 2023

    08 September 2023 Rajiv Biswas

    India is expected to be the fastest growing nation in 2023 among the G-20 grouping of the world's largest nations that attended the G-20 Leaders'...

    • Purchasing Managers’ Index (PMI)
  77. Modest deterioration in global trade conditions persists in August

    08 September 2023 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated an eighteenth successive monthly...

    • Purchasing Managers’ Index (PMI)
  78. Week Ahead Economic Preview: Week of 11 September 2023

    08 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The week ahead sees the European Central Bank convening to update monetary policy, though the spotlight will also fix on US CPI figures ahead...

    • Purchasing Managers’ Index (PMI)
  79. Renewed fall in demand for consumer services bodes ill for growth but will pull inflation lower

    08 September 2023 Chris Williamson

    The Global PMI data - compiled by S&P Global across over 40 economies and sponsored by JPMorgan - found a rising number of sectors slipping into...

    • Purchasing Managers’ Index (PMI)
  80. Global PMI data hint at stubborn inflation amid resilient pricing power for consumer services

    07 September 2023 Chris Williamson

    The Global PMI data showed average prices charged for goods and services

    • Purchasing Managers’ Index (PMI)
  81. Developed world jobs growth cools further in August as emerging market hiring accelerates

    07 September 2023 Chris Williamson

    Global jobs growth remained muted in August, according to PMI survey data. Job gains were largely limited to the emerging markets, where jobs...

    • Purchasing Managers’ Index (PMI)
  82. Global PMI shows recovery fading further in August as developed world output falls

    06 September 2023 Chris Williamson

    Global economic growth slowed for a third straight month in August, according to the S&P Global PMI surveys

    • Purchasing Managers’ Index (PMI)
  83. US stagflation risks rise as service sector falters alongside manufacturing downturn

    06 September 2023 Chris Williamson

    The latest PMI survey data from S&P Global send a signal of rising stagflation risks, as stubborn price pressures are accompanied by a near-stalling...

    • Purchasing Managers’ Index (PMI)
  84. Factory gloom deepens as downturn persists amid falling world trade

    05 September 2023 Chris Williamson

    Global manufacturing output fell slightly for a third straight month in August, according to the latest PMI surveys compiled by S&P Global and...

    • Purchasing Managers’ Index (PMI)
  85. China PMI signals further slowdown in August, prices edge higher

    05 September 2023 Chris Williamson

    PMI survey data from S&P Global and Caixin showed the mainland Chinese economy losing further growth momentum midway through the third quarter....

    • Purchasing Managers’ Index (PMI)
  86. Singapore narrowly averts recession in first half of 2023

    05 September 2023 Rajiv Biswas

    Singapore's second quarter GDP estimate for 2023 was revised down to 0.5% year-on-year (y/y) compared with the advance estimate of 0.7% y/y.

    • Purchasing Managers’ Index (PMI)
  87. Week Ahead Economic Preview: Week of 4 September 2023

    04 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Central bank meetings in Canada and Australia will be highlights in the coming week, alongside services, composite and detailed sector PMI releases...

    • Purchasing Managers’ Index (PMI)
  88. Worldwide producer prices rise in August for first time in four months

    01 September 2023 Chris Williamson

    Average prices charged by factories for their goods edged higher for the first time in four month during August

    • Purchasing Managers’ Index (PMI)
  89. US factory gloom deepens as production and order book downturns intensify in August

    01 September 2023 Chris Williamson

    US manufacturers reported another tough month of trading in August

    • Purchasing Managers’ Index (PMI)
  90. Nowcasting South Africa: Utilising PMI and official data to provide early estimates of GDP

    29 August 2023 Paul Smith, Ph.D. David Owen

    In this research paper, we build on our previous nowcasting work with Purchasing Managers' Index (PMI) data by introducing a new model to provide...

    • Purchasing Managers’ Index (PMI)
  91. Malaysian economy moderates in mid-2023

    25 August 2023 Rajiv Biswas

    Malaysian economic growth moderated to a pace of 2.9% year-on-year (y/y) in the second quarter of 2023, compared to growth of 5.6% y/y in the...

    • Purchasing Managers’ Index (PMI)
  92. Week Ahead Economic Preview: Week of 28 August 2023

    25 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The US August labour market report will be released next week alongside comprehensive manufacturing PMI data across the world.

    • Purchasing Managers’ Index (PMI)
  93. Flash PMI signal developed world contraction as higher interest rates exert a growing toll

    24 August 2023 Chris Williamson

    Early PMI survey data for August from S&P Global showed the major developed economies collectively slipping into contraction for the first time...

    • Purchasing Managers’ Index (PMI)
  94. US economy close to stalling in August as flash PMI falls to 50.4

    23 August 2023 Chris Williamson

    US business activity growth came close to stalling in August, according to flash PMI data compiled by S&P Global

    • Purchasing Managers’ Index (PMI)
  95. UK Flash PMI data signal renewed economic downturn in August, selling price inflation cools

    23 August 2023 Chris Williamson

    Early PMI survey data for August signal a renewed contraction of the UK economy

    • Purchasing Managers’ Index (PMI)
  96. Japan's economic growth quickens in August as service sector counters factory decline

    23 August 2023 Jingyi Pan

    Growth across Japan's private sector economy quickened midway into the third quarter of 2023, according to flash PMI data.

    • Purchasing Managers’ Index (PMI)
  97. India's economy continues to show strong growth in mid-2023

    18 August 2023 Rajiv Biswas

    After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong in the first half of 2023. The S&P Global...

    • Purchasing Managers’ Index (PMI)
  98. Week Ahead Economic Preview: Week of 21 August 2023

    18 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    August flash PMI data will be unveiled next Wednesday for the earliest insights into economic conditions across major developed economies midway...

    • Purchasing Managers’ Index (PMI)
  99. Global inflation and growth: what to watch for in the upcoming August PMI surveys

    16 August 2023 Jingyi Pan

    The global economy continued to lose growth momentum at the start of the second half of 2023

    • Purchasing Managers’ Index (PMI)
  100. Taiwan economy rebounds in second quarter of 2023

    11 August 2023 Rajiv Biswas

    Taiwan's emerged out of technical recession in the second quarter of 2023, with GDP growth of 1.7% quarter-on-quarter (q/q) after two successive...

    • Purchasing Managers’ Index (PMI)
  101. Easing growth momentum keeps price inflation subdued across emerging markets

    11 August 2023 Jingyi Pan

    The slowdown in growth that had been more prominent in developed markets is now hitting emerging markets going into the second half of 2023

    • Purchasing Managers’ Index (PMI)
  102. Week Ahead Economic Preview: Week of 14 August 2023

    11 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The week ahead is packed with central bank updates, including Fed minutes and monetary policy meetings in New Zealand and the Philippines.

    • Purchasing Managers’ Index (PMI)
  103. Monthly PMI Bulletin: August 2023

    10 August 2023 Jingyi Pan

    The global economic expansion decelerated at the start of the second half of 2023 on the back of a deepening manufacturing downturn and cooling...

    • Purchasing Managers’ Index (PMI)
  104. Global upturn loses further momentum at start of third quarter, hiring spree cools

    09 August 2023 Chris Williamson

    The global economy continued to lose growth momentum in July, according to the S&P Global PMI surveys

    • Purchasing Managers’ Index (PMI)
  105. Global trade downturn accelerates in July

    08 August 2023 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a seventeenth successive monthly...

    • Purchasing Managers’ Index (PMI)
  106. PMI surveys show global inflation pressures ticking higher in July on rising staff costs

    04 August 2023 Chris Williamson

    The Global PMI data - compiled by S&P Global across over 40 economies and sponsored by JPMorgan - showed companies' costs rising at a slightly...

    • Purchasing Managers’ Index (PMI)
  107. Week Ahead Economic Preview: Week of 7 August 2023

    04 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy economic calendar in the week ahead is filled with inflation figures, most notably from both US and mainland China, as well as second...

    • Purchasing Managers’ Index (PMI)
  108. Weak start to third quarter for China as PMI signals divergent sector growth and inflation trends

    03 August 2023 Chris Williamson

    PMI survey data from S&P Global and Caixin showed the mainland Chinese economy losing growth momentum at the start of the third quarter.

    • Purchasing Managers’ Index (PMI)
  109. Worldwide producer prices deflation slows in July amid rising wage pressures

    02 August 2023 Chris Williamson

    Average prices charged by factories for their goods fell worldwide for a third month in a row in July

    • Purchasing Managers’ Index (PMI)
  110. Factories report deeper global production downturn in July as world trade slumps

    02 August 2023 Chris Williamson

    The JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™) compiled by S&P Global, held steady at 48.7 in July. However, by remaining...

    • Purchasing Managers’ Index (PMI)
  111. APAC merchandise exports remain weak in first half of 2023

    28 July 2023 Rajiv Biswas

    APAC merchandise exports have declined significantly in the first half of 2023, due to weak demand in the US and Western Europe and sluggish...

    • Purchasing Managers’ Index (PMI)
  112. Week Ahead Economic Preview: Week of 31 July 2023

    28 July 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The week ahead features another busy schedule before the diary starts to quieten down for the holiday season.

    • Purchasing Managers’ Index (PMI)
  113. Flash PMI signal further cooling of developed world economic growth in July

    25 July 2023 Chris Williamson

    Economic growth trends generally worsened at the start of the third quarter, according to the flash PMI surveys.

    • Purchasing Managers’ Index (PMI)
  114. Flash US PMI signals growth slowdown but stubborn price pressures at start of third quarter

    24 July 2023 Chris Williamson

    July is seeing an unwelcome combination of slower economic growth, weaker job creation, gloomier business confidence and sticky inflation, according...

    • Purchasing Managers’ Index (PMI)
  115. United Kingdom flash PMI data point to cooler inflation as economy stalls

    24 July 2023 Chris Williamson

    The UK economy has come close to stalling in July which, combined with gloomy forward-looking indicators, reignites recession worries

    • Purchasing Managers’ Index (PMI)
  116. Eurozone flash PMI signals cooling inflation amid rising recession risks

    24 July 2023 Chris Williamson

    Eurozone business output fell at the fastest rate for eight months in July, according to the latest HCOB flash PMI survey data produced by S&P...

    • Purchasing Managers’ Index (PMI)
  117. Japan's economic growth sustains in July though price pressures and outlook worsen

    24 July 2023 Jingyi Pan

    Japan's private sector economy continued to expand at a strong pace at the start of the second half of 2023, according to flash PMI data, extending...

    • Purchasing Managers’ Index (PMI)
  118. Singapore economic growth weakens in first half of 2023

    21 July 2023 Rajiv Biswas

    Singapore’s advance estimate for second quarter GDP for 2023 showed weak expansion at a pace of 0.7% year-on-year, albeit slightly higher than...

    • Purchasing Managers’ Index (PMI)
  119. Week Ahead Economic Preview: Week of 24 July 2023

    21 July 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Flash PMI data for July, due Monday, kickstarts economic data reporting for the second half of 2023, providing the earliest insights into economic...

    • Purchasing Managers’ Index (PMI)
  120. Emerging markets perform resiliently in the year-to-date despite growing cyclical headwinds

    20 July 2023 Joseph Hayes

    Manufacturers in emerging markets have performed strongly over the past 12 months, withstanding the economic drag from weakening global trade...

    • Purchasing Managers’ Index (PMI)
  121. Inflation and growth signals: what to watch for in the upcoming July PMI surveys

    19 July 2023 Chris Williamson

    Further insights into these two key issues facing policymakers and markets around the world will be provided by the upcoming PMI surveys, commencing...

    • Purchasing Managers’ Index (PMI)
  122. Thailand’s economic outlook for 2023 boosted by rising tourism inflows

    14 July 2023 Rajiv Biswas

    Thailand has shown a gradual economic recovery from the COVID-19 pandemic during 2022, helped by rising international tourism arrivals.

    • Purchasing Managers’ Index (PMI)
  123. Global trade falls at fastest rate for five months in June

    12 July 2023 Chris Williamson

    The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a sixteenth monthly fall in export...

    • Purchasing Managers’ Index (PMI)
  124. Monthly PMI Bulletin: July 2023

    12 July 2023 Jingyi Pan

    The global economic expansion decelerated at the end of the second quarter as a renewed contraction in manufacturing output was accompanied by...

    • Purchasing Managers’ Index (PMI)
  125. Sector PMI finds hints of service sector inflation cooling amid waning demand from consumers

    07 July 2023 Chris Williamson

    Detailed S&P Global sector PMI survey data have shown resilient worldwide economic growth in early 2023 to have been fuelled by resurgent demand...

    • Purchasing Managers’ Index (PMI)
  126. Vietnam Economy Moderates in First Half of 2023 as Exports Slump

    07 July 2023 Rajiv Biswas

    Vietnam's GDP growth rate moderated to a pace of 3.7% year-on-year (y/y) in the first half of 2023, after rapid GDP growth of 8.0% y/y in 2022...

    • Purchasing Managers’ Index (PMI)
  127. Week Ahead Economic Preview: Week of 10 July 2023

    07 July 2023 Rajiv Biswas Chris Williamson

    Inflation data in the US takes centre stage in the coming week as investors seek guidance on the Fed’s next steps after it paused its rate hikes...

    • Purchasing Managers’ Index (PMI)
  128. Labour costs keep inflation elevated worldwide in June

    06 July 2023 Chris Williamson

    The Global PMI data – compiled by S&P Global across over 40 economies and sponsored by JPMorgan – showed companies' costs and selling prices...

    • Purchasing Managers’ Index (PMI)
  129. Global growth loses momentum as service sector slowdown accompanies factory downturn

    06 July 2023 Chris Williamson

    The global economy continued to expand in June, according to the S&P Global PMI surveys, based on data provided by over 27,000 companies. However...

    • Purchasing Managers’ Index (PMI)
  130. Worldwide producer price deflation gathers pace in June

    03 July 2023 Chris Williamson

    Average prices charged by factories for their goods fell worldwide for a second straight month in June

    • Purchasing Managers’ Index (PMI)
  131. US manufacturing downturn accompanied by slumping price pressures

    03 July 2023 Chris Williamson

    The health of the US manufacturing sector took a sharp turn for the worse in June, according to latest PMI data

    • Purchasing Managers’ Index (PMI)
  132. South Korea continues to face headwinds from weak exports

    30 June 2023 Rajiv Biswas

    South Korea has faced continuing economic headwinds during the first half of 2023, due to the impact of weak exports and the cumulative transmission...

    • Purchasing Managers’ Index (PMI)
  133. Week Ahead Economic Preview: Week of 3 July 2023

    30 June 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The opening week for the second half of 2023 packs a multitude of economic data highlights including worldwide PMI figures plus US ISM data and...

    • Purchasing Managers’ Index (PMI)
  134. APAC tourism surges in first half of 2023

    25 June 2023 Rajiv Biswas

    There have been significant headwinds to Asia-Pacific (APAC) merchandise exports during the first half of 2023 due to weak growth in key export...

    • Purchasing Managers’ Index (PMI)
  135. Week Ahead Economic Preview: Week of 26 June 2023

    25 June 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A series of inflation readings will be highlights in the final week of June as markets grapple with the likelihood of further interest rate hikes....

    • Purchasing Managers’ Index (PMI)
  136. Flash PMI data for June signal cooler global price trends amid mounting growth risks

    23 June 2023 Chris Williamson

    June's flash PMI surveys rounded off a solid second quarter, with all four largest developed world economies having continued to grow in June...

    • Purchasing Managers’ Index (PMI)
  137. UK Flash PMI surveys signal growth slowdown in June as rate hikes take their toll

    23 June 2023 Chris Williamson

    June's flash PMI survey data rounded off a solid quarter of growth for the UK economy, though the pace of expansion slowed

    • Purchasing Managers’ Index (PMI)
  138. Eurozone flash PMI shows inflation pressures cooling in June as economic upturn fades

    23 June 2023 Chris Williamson

    Eurozone business output growth came close to stalling in June, according to the latest HCOB flash PMI survey data produced by S&P Global, pointing...

    • Purchasing Managers’ Index (PMI)
  139. Japan June flash PMI data signal solid expansion at end of Q2 despite moderation in growth momentum

    23 June 2023 Jingyi Pan

    Despite a slowdown in growth momentum from May, as signalled by the latest June flash PMI data for Japan, a solid quarter of growth is expected...

    • Purchasing Managers’ Index (PMI)
  140. Global pricing power sinks to two-and-a-half year low as higher interest rates take their toll

    22 June 2023 Chris Williamson

    Tracking the impact of higher interest rates on inflation is made easier by survey data that reveal the extent to which prices are changing due...

    • Purchasing Managers’ Index (PMI)
  141. Nigerian business activity recovers as cash crisis eases

    19 June 2023 Andrew Harker

    The easing of the cash crisis in Nigeria has alleviated pressure on firms in recent months and helped the private sector mount a recovery from...

    • Purchasing Managers’ Index (PMI)
  142. Uneven impact of high interest rates: manufacturing struggles while service thrives

    19 June 2023 Pollyanna De Lima

    The Brazilian economy avoided entering a technical recession in the opening quarter of 2023, with a growth rate of 1.9% largely beating market...

    • Purchasing Managers’ Index (PMI)
  143. Week Ahead Economic Preview: Week of 19 June 2023

    16 June 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Flash PMI for June will offer a first look into economic conditions across major developed economies while central bank meetings continue in...

    • Purchasing Managers’ Index (PMI)
  144. Monthly PMI Bulletin: June 2023

    09 June 2023 Jingyi Pan

    The global economic expansion further accelerated midway into the second quarter, though it remains buoyed primarily by growth within the service...

    • Purchasing Managers’ Index (PMI)
  145. Week Ahead Economic Preview: Week of 12 June 2023

    09 June 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Central bank meetings in the US, eurozone, Japan, Taiwan and Hong Kong SAR will be the highlights next week as we hear central bankers’ views...

    • Purchasing Managers’ Index (PMI)
  146. Financial services lead global growth higher in May, stoking inflation

    07 June 2023 Chris Williamson

    S&P Global PMI survey data show global growth to have been led by the financial services industry in May, for which a broad-based upturn was...

    • Purchasing Managers’ Index (PMI)
  147. Wage pressures keep global inflation elevated, most notably in the UK, but goods prices fall

    07 June 2023 Chris Williamson

    Inflationary pressures eased globally in May, according to the latest PMI survey data, though remained elevated thanks principally to wage pressures...

    • Purchasing Managers’ Index (PMI)
  148. Global growth at one-and-a-half year high in May as demand for services continues to revive

    06 June 2023 Chris Williamson

    Global growth hit the fastest for a year and half midway through the second quarter, according to the S&P Global PMI surveys based on data provided...

    • Purchasing Managers’ Index (PMI)
  149. Singapore economy weakens in early 2023

    02 June 2023 Rajiv Biswas

    Singapore's GDP growth slowed to a pace of 0.4% year-on-year (y/y) in the first quarter of 2023, after recording quarterly growth momentum of...

    • Purchasing Managers’ Index (PMI)
  150. Week Ahead Economic Preview: Week of 5 June 2023

    02 June 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Following the release of manufacturing PMI data, services, composite and sector PMI releases will be a key highlight in the coming week for the...

    • Purchasing Managers’ Index (PMI)
  151. Global factory output buoyed by healing supply chains, but demand for goods continues to fall

    01 June 2023 Chris Williamson

    The PMI registered 49.6 in May, unchanged for a third successive month and indicating a marginal deterioration of business conditions

    • Purchasing Managers’ Index (PMI)
  152. Global producer prices fall for first time in three years

    01 June 2023 Chris Williamson

    Average prices charged by factories for their goods fell globally in May for the first time in three years

    • Purchasing Managers’ Index (PMI)
  153. Thailand's economy rebounds in early 2023 as tourism surges

    26 May 2023 Rajiv Biswas

    Thailand has shown a gradual economic recovery from the COVID-19 pandemic during 2022, helped by rising international tourism arrivals.

    • Purchasing Managers’ Index (PMI)
  154. Week Ahead Economic Preview: Week of 29 May 2023

    26 May 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Worldwide manufacturing PMI data will be keenly watched in the coming week alongside the May US labour market report.

    • Purchasing Managers’ Index (PMI)
  155. Flash PMI data signal fastest developed world growth for 11 months, price pressures rise further

    24 May 2023 Chris Williamson

    Economic growth across the four largest developed economies has accelerated to the fastest for 13 months in May, according to early 'flash' PMI...

    • Purchasing Managers’ Index (PMI)
  156. Eurozone Flash PMI at three-month low as steepening factory downturn offsets services revival

    23 May 2023 Chris Williamson

    Eurozone business output grew for a fifth straight month in May, according to the latest HCOB flash PMI survey data produced by S&P Global

    • Purchasing Managers’ Index (PMI)
  157. Service sector drives sustained strong UK economic expansion in May, says flash PMI surveys

    23 May 2023 Chris Williamson

    The UK economy enjoyed another month of strong growth in May, with the expansion continuing to be driven by surging post-pandemic demand in the...

    • Purchasing Managers’ Index (PMI)
  158. Japan May flash PMI data signal economic acceleration to fastest since 2013 midway into the second quarter

    23 May 2023 Jingyi Pan

    Following the strong official Q1 GDP and April inflation readings, May flash PMI data indicated growth continuing at the fastest rate since October...

    • Purchasing Managers’ Index (PMI)
  159. Japan May flash PMI data signal economic acceleration to fastest since 2013 midway into the second quarter

    23 May 2023 Jingyi Pan

    Following the strong official Q1 GDP and April inflation readings, May flash PMI data indicated growth continuing at the fastest rate since October...

    • Purchasing Managers’ Index (PMI)
  160. Service sector drives growth in Spain as divergence with manufacturing widens

    19 May 2023 Laura Denman

    With Spain continuing to spearhead the wider Eurozone recovery, we take a deeper dive into the country's latest HCOB PMI data

    • Purchasing Managers’ Index (PMI)
  161. Malaysian economy shows sustained expansion in early 2023

    19 May 2023 Rajiv Biswas

    The Malaysian economy grew at a pace of 5.6% year-on-year (y/y) in the first quarter of 2023, showing continued rapid expansion after annual...

    • Purchasing Managers’ Index (PMI)
  162. Week Ahead Economic Preview: Week of 22 May 2023

    19 May 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Flash PMI for May will be released in the coming week for a first look at economic conditions midway into the second quarter.

    • Purchasing Managers’ Index (PMI)
  163. Japan flash PMI data awaited after GDP confirms survey data strength in first quarter

    18 May 2023 Chris Williamson

    Japan's first quarter official GDP data surprised to the upside, signalling a stronger than anticipated revival of economic growth.

    • Purchasing Managers’ Index (PMI)
  164. Global goods trade shrinks while services trade remains on the rise in April

    18 May 2023 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a fourteenth successive monthly fall...

    • Purchasing Managers’ Index (PMI)
  165. Previewing the May flash PMI surveys: assessing growth resilience and inflation indicators

    17 May 2023 Chris Williamson

    Ahead of the flash PMI releases for the US, Eurozone, UK, Japan and Australia, we recap on the latest survey findings from the April S&P Global...

    • Purchasing Managers’ Index (PMI)
  166. Taiwan economy slumps into recession

    11 May 2023 Rajiv Biswas

    Taiwan’s export-driven economy has been hit by slumping exports, resulting in GDP contracting by 3.0% year-on-year (y/y) in the first quarter...

    • Purchasing Managers’ Index (PMI)
  167. Week Ahead Economic Preview: Week of 15 May 2023

    11 May 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The week ahead sees a packed economic calendar with key releases due from the US to mainland China, notably for both including industrial production...

    • Purchasing Managers’ Index (PMI)
  168. Monthly PMI Bulletin: May 2023

    09 May 2023 Jingyi Pan Chris Williamson

    The global economic expansion accelerated at the start of the second quarter, buoyed primarily by faster services activity growth while manufacturing...

    • Purchasing Managers’ Index (PMI)
  169. Load shedding programme weakens business capacity and outlook in South Africa in April

    09 May 2023 David Owen

    South African companies struggled with multiple headwinds at the start of the second quarter

    • Purchasing Managers’ Index (PMI)
  170. Inflation trends diverge as service sector growth spurt drives global growth to 16-month high

    09 May 2023 Chris Williamson

    A further acceleration of services sector growth pushed the pace of global expansion to a 16-month high in April, according to the S&P Global...

    • Purchasing Managers’ Index (PMI)
  171. Resurgent service sector in mainland China drives strong economic growth at start of second quarter

    05 May 2023 Chris Williamson

    A strong start to the second quarter was heralded by April's PMI data for China, with expanding business activity being driven by resurgent demand...

    • Purchasing Managers’ Index (PMI)
  172. India’s economy continues to expand as inflation moderates

    05 May 2023 Rajiv Biswas

    The Indian economy showed rapid growth in 2022, the second consecutive year of strong recovery following deep economic contraction in 2020 due...

    • Purchasing Managers’ Index (PMI)
  173. Week Ahead Economic Preview: Week of 8 May 2023

    05 May 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The upcoming week packs various key data releases, in addition to a monetary policy meeting in the UK.

    • Purchasing Managers’ Index (PMI)
  174. Factories slide back into decline and prices fall in Mainland China as boost from reopening economy fades

    04 May 2023 Chris Williamson

    April's PMI data pointed to a renewed decline of manufacturing activity in mainland China, as demand for goods showed signs of falling after...

    • Purchasing Managers’ Index (PMI)
  175. Global factory output inches higher as supply improvements offset falling demand

    04 May 2023 Chris Williamson

    A marginal improvement in global manufacturing output was recorded for a third consecutive month in April

    • Purchasing Managers’ Index (PMI)
  176. Electronics sector reports greatest improvement in supply chains since 2001

    02 May 2023 Chris Williamson

    Improving supply chains are helping global electronics companies fulfil backlogs of orders and stabilise production after substantial output...

    • Purchasing Managers’ Index (PMI)
  177. South Korea resumes positive GDP growth in early 2023

    02 May 2023 Rajiv Biswas

    The South Korean economy returned to positive economic growth in the first quarter of 2023, albeit at a modest pace of 0.3% quarter-on-quarter....

    • Purchasing Managers’ Index (PMI)
  178. Week Ahead Economic Preview: Week of 1 May 2023

    28 April 2023 Rajiv Biswas Maryam Baluch Chris Williamson

    The start of May sees a truncated week for some amid public holidays, but it's nevertheless a busy diary which includes worldwide PMI data, US...

    • Purchasing Managers’ Index (PMI)
  179. Flash PMI data signal fastest developed world growth for 11 months, price pressures rise further

    24 April 2023 Chris Williamson

    Economic growth across the four largest developed economies has accelerated to the fastest for 11 months in April, according to early 'flash'...

    • Purchasing Managers’ Index (PMI)
  180. Philippines on Track to Become One Trillion Dollar Economy by 2033

    24 April 2023 Rajiv Biswas

    The Philippines economy grew at a pace of 7.6% in 2022, the fastest rate of economic growth recorded by the Philippines since 1976

    • Purchasing Managers’ Index (PMI)
  181. US flash PMI signals further acceleration of economic growth in April, but resurgent demand also brings higher price pressures

    21 April 2023 Chris Williamson

    The latest PMI survey data from S&P Global adds to signs that business activity has regained growth momentum after contracting over the seven...

    • Purchasing Managers’ Index (PMI)
  182. Eurozone flash PMI signals strong start to second quarter thanks to resurgent service sector

    21 April 2023 Chris Williamson

    Eurozone business activity growth accelerated to an 11-month high in April according to the latest flash PMI survey data, indicating that the...

    • Purchasing Managers’ Index (PMI)
  183. UK economic growth hits highest for a year according to April flash PMI surveys

    21 April 2023 Chris Williamson

    Flash PMI surveys indicated an acceleration of economic growth to the fastest for a year in April

    • Purchasing Managers’ Index (PMI)
  184. Japan's economy buoyed by record surge in demand for services in April, but factories remain in decline

    21 April 2023 Chris Williamson

    PMI survey data point to the Japanese economy enjoying a solid start to the second quarter

    • Purchasing Managers’ Index (PMI)
  185. Week Ahead Economic Preview: Week of 24 April 2023

    21 April 2023 Rajiv Biswas Maryam Baluch Chris Williamson

    Insights into economic growth in the first quarter will be the highlights of the coming week, as both the US and eurozone publish advance GDP...

    • Purchasing Managers’ Index (PMI)
  186. Consumer services drive global economic expansion in March amid travel surge

    14 April 2023 Chris Williamson

    Detailed sector Purchasing Managers' Index (PMI) from S&P Global reveal how faster than anticipated economic growth in March can be traced to...

    • Purchasing Managers’ Index (PMI)
  187. Malaise of Egyptian non-oil economy continues in March as inflation soars

    14 April 2023 David Owen

    S&P Global's Egypt PMI™ continued to signal multiple headwinds on the private sector economy in March, rounding off a bleak first quarter of...

    • Purchasing Managers’ Index (PMI)
  188. Week Ahead Economic Preview: Week of 17 April 2023

    14 April 2023 Rajiv Biswas Maryam Baluch Chris Williamson

    A busy week for economy watchers culminates with flash PMI updates, which will provide important assessments of business conditions at the start...

    • Purchasing Managers’ Index (PMI)
  189. GDP flatlines in February, but private sector activity revives - albeit with uncertain outlook

    13 April 2023 Chris Williamson

    Official data add to survey evidence to suggest that private sector economic activity has revived so far this year after a difficult end to 2022...

    • Purchasing Managers’ Index (PMI)
  190. Vietnam Economy Moderates in Early 2023

    13 April 2023 Rajiv Biswas

    Vietnam's GDP growth rate moderated to a pace of 3.3% y/y in the first quarter of 2023, after rapid GDP growth of 8.0% y/y in 2022

    • Purchasing Managers’ Index (PMI)
  191. Monthly PMI Bulletin: April 2023

    12 April 2023 Usamah Bhatti Chris Williamson

    Global business activity growth accelerated at the end of the first quarter of 2023, allaying concerns of imminent recession in the global economy...

    • Purchasing Managers’ Index (PMI)
  192. Global inflation pressures moderate but remain elevated thanks to higher service sector prices

    11 April 2023 Chris Williamson

    Global inflationary pressures continued to moderate in March, though remained elevated by historical standards

    • Purchasing Managers’ Index (PMI)
  193. Global economic growth accelerates further in March amid service sector revival

    11 April 2023 Chris Williamson

    Global business activity accelerated further in March, reaching a nine-month high, according to the S&P Global PMI surveys based on data provided...

    • Purchasing Managers’ Index (PMI)
  194. Week Ahead Economic Preview: Week of 10 April 2023

    06 April 2023 Maryam Baluch Chris Williamson

    The coming week sees important updates to inflation rates in the US, mainland China and Eurozone, as well as the release of minutes from the...

    • Purchasing Managers’ Index (PMI)
  195. Supply improvement boosts global factory output, but demand continues to fall

    05 April 2023 Chris Williamson

    Global manufacturing output rose marginally for a second month in a row in March

    • Purchasing Managers’ Index (PMI)
  196. Global manufacturing input cost inflation sinks to 32-month low

    05 April 2023 Chris Williamson

    Worldwide manufacturing input costs rose in March at the slowest rate for 32 months

    • Purchasing Managers’ Index (PMI)
  197. Global manufacturing labour market cools amid shift to cost-cutting

    04 April 2023 Chris Williamson

    Global manufacturing employment barely rose in March, according to the latest PMI surveys compiled by S&P Global, the rate of job creation moderating...

    • Purchasing Managers’ Index (PMI)
  198. Singapore manufacturing output weakens in early 2023

    31 March 2023 Rajiv Biswas

    The Singapore economy recorded GDP growth of 3.6% year-on-year (y/y) in 2022, with quarterly growth momentum having moderated to 2.1% y/y in...

    • Purchasing Managers’ Index (PMI)
  199. Week Ahead Economic Preview: Week of 3 April 2023

    31 March 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The turn of the month brings about a new set of worldwide PMI data ahead of the US labour market report on Friday.

    • Purchasing Managers’ Index (PMI)
  200. US flash PMI signals faster economic growth in March, but also warns of rising price pressures

    28 March 2023 Chris Williamson

    March saw a welcome acceleration of output growth to the fastest since May of last year, according to the flash PMI surveys

    • Purchasing Managers’ Index (PMI)
  201. Thailand’s tourism sector drives economic recovery

    28 March 2023 Rajiv Biswas

    Thailand has shown a gradual economic recovery from the COVID-19 pandemic during 2022, helped by rising international tourism arrivals.

    • Purchasing Managers’ Index (PMI)
  202. Flash PMI data signal accelerating developed world economic growth in March

    28 March 2023 Chris Williamson

    Economic growth accelerated across the four largest developed economies on average in March, pointing to a surprising resilience of growth amid...

    • Purchasing Managers’ Index (PMI)
  203. Week Ahead Economic Preview: Week of 27 March 2023

    27 March 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    After the Fed meeting and March flash PMI releases, a series of economic data takes over as the highlights to watch amid increasing financial...

    • Purchasing Managers’ Index (PMI)
  204. UK economic resilience in March signalled by flash PMI

    24 March 2023 Chris Williamson

    With the flash PMI surveys signalling a second month of rising output in March, the UK economy looks to have returned to growth in the first...

    • Purchasing Managers’ Index (PMI)
  205. UK wage growth cools amid uncertain economic outlook

    17 March 2023 Chris Williamson

    The latest official labour market data showed signs of cooling pay growth, confirming earlier signals from survey data of a softening jobs market....

    • Purchasing Managers’ Index (PMI)
  206. APAC region expected to be resilient to global headwinds in 2023

    17 March 2023 Rajiv Biswas

    Despite global economic headwinds from slowdowns in the US and EU economies, economic growth in the Asia-Pacific (APAC) region is forecast to...

    • Purchasing Managers’ Index (PMI)
  207. Week Ahead Economic Preview: Week of 20 March 2023

    17 March 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy and important week ahead is packed with central bank policy decisions from the US, UK and Taiwan, while inflation data updates will be...

    • Purchasing Managers’ Index (PMI)
  208. Philippines amongst world's fastest growing emerging markets

    10 March 2023 Rajiv Biswas

    The Philippines economy grew at a pace of 7.6% in 2022, the fastest rate of economic growth recorded by the Philippines since 1976. The rapid...

    • Purchasing Managers’ Index (PMI)
  209. Week Ahead Economic Preview: Week of 13 March 2023

    10 March 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Another action-packed week follows US Fed chair Jerome Powell's testimony to Congress and the US jobs report, with special attention on the upcoming...

    • Purchasing Managers’ Index (PMI)
  210. Nigeria cash crisis hits activity in February

    07 March 2023 Andrew Harker

    February Stanbic IBTC Bank PMI data, compiled by S&P Global, signalled the sharpest decline in business activity since the Nigeria PMI survey...

    • Purchasing Managers’ Index (PMI)
  211. Monthly PMI Bulletin: March 2023

    07 March 2023 Jingyi Pan

    The global economy saw a turnaround in February as activity rose for the first time in seven months, concluding the sequence of downturn.

    • Purchasing Managers’ Index (PMI)
  212. Surging demand for consumer services drives global economic expansion in February

    07 March 2023 Chris Williamson

    Detailed sector Purchasing Managers' Index (PMI) from S&P Global provide a unique deep-dive analysis of worldwide economic trends.

    • Purchasing Managers’ Index (PMI)
  213. Global employment picks up but persistent staff shortages drive up salary costs

    07 March 2023 Chris Williamson

    Global jobs growth accelerated to a six-month high in February as improving demand conditions and rising business confidence encouraged greater...

    • Purchasing Managers’ Index (PMI)
  214. Global economic growth accelerates to eight-month high in February

    06 March 2023 Chris Williamson

    Global business activity grew at its strongest rate for eight months in February, reviving further from the low seen last October

    • Purchasing Managers’ Index (PMI)
  215. Hong Kong SAR economy booms at fastest rate for over a decade amid surge in demand from mainland China

    03 March 2023 Chris Williamson

    Business is booming in Hong Kong SAR, with output growing at the fastest rate for over a decade. S&P Global's latest Purchasing Managers' Index...

    • Purchasing Managers’ Index (PMI)
  216. Week Ahead Economic Preview: Week of 6 March 2023

    02 March 2023 Chris Williamson Jingyi Pan Rajiv Biswas

    × Disclaimer: I certify that I have checked the post for the following items: URL is correct and post does not repeat IHS Markit even if that...

    • Purchasing Managers’ Index (PMI)
  217. Week Ahead Economic Preview: Week of 6 March 2023

    02 March 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy week ahead culminates with the US labour market report. Prior to which, key data releases include China's inflation and trade figures...

    • Purchasing Managers’ Index (PMI)
  218. India's economic growth moderates in last quarter of 2022

    02 March 2023 Rajiv Biswas

    The Indian economy has shown sustained economic expansion in the 2022 calendar year, with real GDP growth for the Fiscal Year (FY) 2022-23 estimated...

    • Purchasing Managers’ Index (PMI)
  219. Global factory output returns to growth amid China's reopening and supply chain improvements

    01 March 2023 Chris Williamson

    Global manufacturing output returned to growth in February after six months of decline

    • Purchasing Managers’ Index (PMI)
  220. US PMI data highlight ongoing plight of manufacturing amid falling demand and inventory reduction

    01 March 2023 Chris Williamson

    S&P Global's PMI surveys showed the US manufacturing sector remaining in steep decline in February. A lack of new orders suggest that production...

    • Purchasing Managers’ Index (PMI)
  221. Factory activity revives in mainland China as economy reopens

    01 March 2023 Chris Williamson

    While there were some uncertainties as to whether looser COVID-19 restrictions will boost the economy or lead to more disruption amid rising...

    • Purchasing Managers’ Index (PMI)
  222. Global manufacturing input cost growth eases but selling prices signal stubborn inflation

    01 March 2023 Chris Williamson

    Worldwide manufacturing input costs rose in February at the slowest rate since October 2020, the rate of inflation running sharply lower than...

    • Purchasing Managers’ Index (PMI)
  223. Singapore budget 2023 highlights impact of demographic ageing

    24 February 2023 Rajiv Biswas

    The Singapore economy recorded GDP growth of 3.6% year-on-year (y/y) in 2022, with quarterly growth momentum having moderated to 2.1% y/y in...

    • Purchasing Managers’ Index (PMI)
  224. Week Ahead Economic Preview: Week of 27 February 2023

    24 February 2023 Chris Williamson Jingyi Pan Rajiv Biswas

    Edit Blog RE-PUBLISH Last Published 9/21/2023 6:02:25 AM By Tridion Admin ECONOMICS COMMENTARY Feb 24, 2023 Week Ahead Economic Preview: Week...

    • Purchasing Managers’ Index (PMI)
  225. Global recession fears subside as flash PMI data signal revival of economic growth in February

    22 February 2023 Chris Williamson

    Provisional PMI survey data for February indicate encouraging resilience of the major developed economies of the world, with reviving output...

    • Purchasing Managers’ Index (PMI)
  226. Economy stabilizes but inflation heats up: top five charts from February's US flash PMI data

    21 February 2023 Chris Williamson

    Business activity in the US picked up in February according to the latest business survey data from S&P Global, but price pressures also showed...

    • Purchasing Managers’ Index (PMI)
  227. February flash PMI reveals lacklustre demand conditions for Australia and Japan

    21 February 2023 Jingyi Pan

    Japan and Australia saw private sector performances varying into February, whereby the flash composite PMI steadied in mild expansion territory...

    • Purchasing Managers’ Index (PMI)
  228. UK recession risks ebb as flash UK PMI signals resurgent economic growth in February

    21 February 2023 Chris Williamson

    Much better than anticipated PMI data for February indicate encouraging resilience of the economy in the face of headwinds which include rising...

    • Purchasing Managers’ Index (PMI)
  229. Recession fears fade as Eurozone flash PMI registers accelerating economic growth in February

    21 February 2023 Chris Williamson

    Eurozone business activity growth accelerated to a nine-month high in February, reflecting an improved performance of the service sector and...

    • Purchasing Managers’ Index (PMI)
  230. Malaysia records buoyant GDP growth in 2022

    17 February 2023 Rajiv Biswas

    The Malaysian economy showed rapid annual economic growth in 2022, at a pace of 8.7% year-on-year (y/y). This was the fastest annual GDP growth...

    • Purchasing Managers’ Index (PMI)
  231. Week Ahead Economic Preview: Week of 20 February 2023

    17 February 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Flash PMI data will be released in the week ahead for a first look into February economic conditions across the major developed economies.

    • Purchasing Managers’ Index (PMI)
  232. Week Ahead Economic Preview: Week of 13 February 2023

    13 February 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy data week ahead contains inflation updates from both the US and UK.

    • Purchasing Managers’ Index (PMI)
  233. Sector PMI present mixed picture for global growth at the start of 2023

    10 February 2023 Jingyi Pan . [pulled from SAP]

    Purchasing Managers' Index (PMI) from S&P Global provide a unique insight into worldwide economic trends, allowing the analysis of business activity...

    • Purchasing Managers’ Index (PMI)
  234. Taiwan economy hit by slump in exports

    10 February 2023 Rajiv Biswas

    Taiwan's export-driven economy has been hit by slumping exports, resulting in GDP contracting by 0.9% year-on-year (y/y) in the fourth quarter...

    • Purchasing Managers’ Index (PMI)
  235. Ghana's economic downturn moderates amid debt deal

    09 February 2023 Andrew Harker

    The economic downturn in Ghana's private sector softened at the start of 2023 as inflationary pressures showed signs of easing

    • Purchasing Managers’ Index (PMI)
  236. Recession-resistant recruitment set to continue as business confidence picks up

    08 February 2023 Joseph Hayes Andrew Harker

    A jump in business confidence at the start of 2023 amid signs that downturns across key developed economies may be shorter and less severe than...

    • Purchasing Managers’ Index (PMI)
  237. Wage growth cools as labour market softens further in January, but jobs outlook brightens

    08 February 2023 Chris Williamson

    The UK labour market remained soft at the start of 2023 with employment coming under pressure from weak demand for staff from employers

    • Purchasing Managers’ Index (PMI)
  238. Monthly PMI Bulletin: February 2023

    07 February 2023 Jingyi Pan

    Edit Blog RE-PUBLISH Last Published 9/21/2023 6:02:25 AM By Tridion Admin ECONOMICS COMMENTARY Feb 07, 2023 Monthly PMI Bulletin: February 2023...

    • Purchasing Managers’ Index (PMI)
  239. Global recession risk eases as PMI climbs to six-month high in January

    06 February 2023 Chris Williamson

    Global business activity fell for a sixth straight month in January, according to the S&P Global PMI surveys, based on data provided by over...

    • Purchasing Managers’ Index (PMI)
  240. Global business activity contracts for fifth successive month as demand downturn accelerates

    06 February 2023 Chris Williamson

    Global business activity fell for a fifth consecutive month in December, with the rate of decline moderating slightly amid improved supply conditions...

    • Purchasing Managers’ Index (PMI)
  241. US PMI survey data hint at first quarter GDP contraction

    03 February 2023 Chris Williamson

    Look through the volatile and backward-looking official data and there are signs that the US economy has cooled sharply in recent months, with...

    • Purchasing Managers’ Index (PMI)
  242. Week Ahead Economic Preview: Week of 6 February 2023

    03 February 2023 Jingyi Pan Chris Williamson

    Central bank meetings in Australia and India will be closely watched post the Fed meeting while comments from Federal Open Market Committee (FOMC)...

    • Purchasing Managers’ Index (PMI)
  243. Mainland China's resurgent service sector growth and near-record confidence fuel economy hopes for 2023

    03 February 2023 Chris Williamson

    As hoped, looser COVID-19 restrictions have boosted service sector activity in mainland China, adding to hopes that resurgent economic growth...

    • Purchasing Managers’ Index (PMI)
  244. Hong Kong businesses start 2023 in most optimistic mood for over a decade

    03 February 2023 Chris Williamson

    Business prospects for the year ahead rose in January to the highest since comparable data were first available in 2012, as looser COVID-19 restrictions...

    • Purchasing Managers’ Index (PMI)
  245. South Korea's economy faces rising headwinds in 2023

    03 February 2023 Rajiv Biswas

    The South Korean economy slowed significantly during the second half of 2022, with GDP contracting by 0.4% quarter-on-quarter (q/q) in the fourth...

    • Purchasing Managers’ Index (PMI)
  246. Taiwan leads global trade downturn at start of 2023, but rate of export decline eases

    01 February 2023 Chris Williamson

    Global trade flows fell for an eleventh consecutive month in January, according to S&P Global PMI surveys, sending a signal that the global economy...

    • Purchasing Managers’ Index (PMI)
  247. Price pressures alleviated by falling demand, fewer supply delays and inventory reduction policies

    01 February 2023 Chris Williamson

    Global manufacturing supply chains continued to show signs of healing in January which, combined with falling demand for factory inputs, points...

    • Purchasing Managers’ Index (PMI)
  248. Global factory downturn shows signs of easing as China re-opens

    01 February 2023 Chris Williamson

    Global manufacturing output fell for a sixth successive month in January, according to the JPMorgan Global Manufacturing Purchasing Managers'...

    • Purchasing Managers’ Index (PMI)
  249. Week Ahead Economic Preview: Week of 30 January 2023

    27 January 2023 Jingyi Pan Chris Williamson

    A busy week ahead sees eagerly anticipated central bank meetings in the US, UK and eurozone accompanied by some of the most important monthly...

    • Purchasing Managers’ Index (PMI)
  250. US January's flash PMI data add to recession signals, but also point to rising cost pressures

    25 January 2023 Chris Williamson

    The US economy has started 2023 on a disappointingly soft note, with business activity contracting sharply again in January according to the...

    • Purchasing Managers’ Index (PMI)
  251. Eurozone recession risks fade as PMI returns to growth territory in January

    24 January 2023 Chris Williamson

    The start of 2023 saw eurozone business activity rise marginally, according to flash PMI data from S&P Global, showing a tentative return to...

    • Purchasing Managers’ Index (PMI)
  252. Flash UK PMI data signal steeper economic decline at start of year, but prospects brighten

    24 January 2023 Chris Williamson

    Weaker than expected PMI numbers in January underscore the risk of the UK slipping into recession

    • Purchasing Managers’ Index (PMI)
  253. Week Ahead Economic Preview: Week of 23 January 2023

    20 January 2023 Jingyi Pan Chris Williamson

    January flash PMI data from major developed economies will be unveiled in the coming week for the earliest indications of economic conditions...

    • Purchasing Managers’ Index (PMI)
  254. Philippines economy shows strong expansion

    20 January 2023 Rajiv Biswas

    The Philippines economy has rebounded strongly during 2022 from the negative impact of the COVID-19 Delta wave that hit the nation in the second...

    • Purchasing Managers’ Index (PMI)
  255. Top 10 PMIs to watch in 2023

    18 January 2023 Chris Williamson Joseph Hayes

    S&P Global’s PMI surveys cover over 40 countries, derived from monthly survey data provided by over 30,000 companies. Choosing the most important...

    • Purchasing Managers’ Index (PMI)
  256. Recession risks and inflation indicators: previewing January's US flash PMI data

    18 January 2023 Chris Williamson

    Amid speculation that the US could be slipping into a recession, upcoming flash PMI data will be eagerly assessed to gauge the business climate...

    • Purchasing Managers’ Index (PMI)
  257. Singapore economic expansion moderates as global economy slows

    17 January 2023 Rajiv Biswas

    The Singapore economy grew at a pace of 3.8% year-on-year (y/y) in 2022, helped by significant easing of pandemic-related restrictions.

    • Purchasing Managers’ Index (PMI)
  258. Week Ahead Economic Preview: Week of 16 January 2023

    13 January 2023 Jingyi Pan Chris Williamson

    The week ahead will again be adorned with an abundance of economic data including December's retail sales and industrial production figures from...

    • Purchasing Managers’ Index (PMI)
  259. Labour market cools as recruitment downturn intensifies

    11 January 2023 Chris Williamson

    The UK labour market continued to cool at the end of 2022, according to survey data compiled by S&P Global

    • Purchasing Managers’ Index (PMI)
  260. Monthly PMI Bulletin: January 2023

    08 January 2023 Jingyi Pan

    Edit Blog RE-PUBLISH Last Published 9/21/2023 6:00:30 AM By Tridion Admin ECONOMICS COMMENTARY Jan 08, 2023 Monthly PMI Bulletin: January 2023...

    • Purchasing Managers’ Index (PMI)
  261. Global business activity contracts for fifth successive month as demand downturn accelerates

    06 January 2023 Chris Williamson

    Global business activity fell for a fifth consecutive month in December, with the rate of decline moderating slightly amid improved supply conditions...

    • Purchasing Managers’ Index (PMI)
  262. Global downturn led by slump in financial services as borrowing costs ratchet higher

    06 January 2023 Chris Williamson

    Purchasing Managers' Index (PMI) from S&P Global provide a unique insight into worldwide economic tends, allowing the analysis of business activity...

    • Purchasing Managers’ Index (PMI)
  263. Week Ahead Economic Preview: Week of 9 January 2023

    06 January 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    The coming week will see a number of key releases including US and China CPI data and China's trade numbers.

    • Purchasing Managers’ Index (PMI)
  264. Global price pressures cool further as end of 2022 sees manufacturers cut capacity: 10 key charts

    04 January 2023 Chris Williamson

    Global manufacturing output fell for a fifth successive month in December 2022

    • Purchasing Managers’ Index (PMI)
  265. ASEAN manufacturing outlook for 2023 softens as demand remains lacklustre

    04 January 2023 Jingyi Pan

    ASEAN manufacturers continued to experience a slowdown at the end of 2022, with December's PMI data indicating the softest output expansion in...

    • Purchasing Managers’ Index (PMI)
  266. Week Ahead Economic Preview: Week of 26 December 2022

    23 December 2022 Jingyi Pan

    The final week of 2022 brings about a series of data releases before the new year ushers in worldwide manufacturing and services PMI data for...

    • Purchasing Managers’ Index (PMI)
  267. Week Ahead Economic Preview: Week of 19 December 2022

    19 December 2022 Jingyi Pan Chris Williamson

    More central bank meetings are expected in the coming week across Japan and Indonesia following a busy week in which the Fed and ECB signalled...

    • Purchasing Managers’ Index (PMI)
  268. Flash PMI survey data signal growing impact from rate hikes on economy and inflation

    16 December 2022 Chris Williamson

    December saw the US economic downturn gather momentum, according to early PMI survey data, as demand for goods and services slumped at one of...

    • Purchasing Managers’ Index (PMI)
  269. Flash PMI data signal worsening developed market economic growth, but also point to a further sharp cooling of price pressures

    16 December 2022 Chris Williamson

    Flash PMI survey data for December showed the pace of economic growth weakening across the developed markets on average to register one of the...

    • Purchasing Managers’ Index (PMI)
  270. Eurozone recession fears ease as flash PMI signals slower rate of contraction for second month

    16 December 2022 Chris Williamson

    The eurozone downturn extended into its sixth successive month in December, according to flash PMI data, though the rate of decline of business...

    • Purchasing Managers’ Index (PMI)
  271. Flash UK PMI data signal cooling inflation and moderating downturn, but jobs are cut amid uncertain outlook

    16 December 2022 Chris Williamson

    The UK economy contracted for a fifth month in December, according to provisional PMI survey data, with companies cutting staff for the first...

    • Purchasing Managers’ Index (PMI)
  272. PMI surveys show emerging markets outperforming global benchmarks in November but trend deteriorating

    15 December 2022 Joseph Hayes

    According to S&P Global Manufacturing PMI data, emerging markets recorded a third successive monthly contraction in output during in November...

    • Purchasing Managers’ Index (PMI)
  273. Global Autos production slumps in November amid declining demand

    15 December 2022 Laura Denman

    Latest global sector PMI data, compiled by S&P Global, highlighted the tough conditions being faced by Automobiles & Autoparts manufacturers...

    • Purchasing Managers’ Index (PMI)
  274. Recruitment downturn signals cooling wage growth in UK

    12 December 2022 Chris Williamson

    Signs of a marked cooling in the UK labour market were provided by the latest survey of recruitment agencies, which saw the number of people...

    • Purchasing Managers’ Index (PMI)
  275. Asia PMI indicates region slipping further into contraction ahead of 2023 arrival

    12 December 2022 Jingyi Pan

    The Asia region as a whole had seen a shallower decline in the early months of the COVID-19 pandemic but consequently found the recovery pace...

    • Purchasing Managers’ Index (PMI)
  276. Expectations of further Fed tightening in December, as PMI survey data suggest policy is helping cool inflation and reduce demand

    09 December 2022 Sian Jones

    Recent PMI data for the US compiled by S&P Global have shown inflationary pressures easing sharply as demand for goods, services and inputs cools...

    • Purchasing Managers’ Index (PMI)
  277. Global employment trend softens in November but labour shortages and hiring challenges support continued jobs growth

    09 December 2022 Pollyanna De Lima Joseph Hayes Andrew Harker

    While the downturn in global private sector business activity entered its fourth month in November, employment continued to rise

    • Purchasing Managers’ Index (PMI)
  278. Week Ahead Economic Preview: Week of 12 December 2022

    09 December 2022 Jingyi Pan Chris Williamson

    Central bankers around the world meet in the coming week before winding down for the end of 2022 with monetary policy meetings scheduled across...

    • Purchasing Managers’ Index (PMI)
  279. Global sector data reveal broadening slowdown with financial services leading the downturn

    07 December 2022 Jingyi Pan

    Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global....

    • Purchasing Managers’ Index (PMI)
  280. Monthly PMI Bulletin: December 2022

    07 December 2022 Jingyi Pan

    The global slowdown accelerated midway into the final quarter of the year with both manufacturing and services output deepening in contraction....

    • Purchasing Managers’ Index (PMI)
  281. Worldwide industrial prices rise at slowest rate in two years as demand cools and supply constraints ease

    02 December 2022 Chris Williamson

    The global manufacturing PMI survey revealed a further easing of inflationary pressures in November, with firms' costs rising at the slowest...

    • Purchasing Managers’ Index (PMI)
  282. Week Ahead Economic Preview: Week of 5 December 2022

    02 December 2022 Jingyi Pan Chris Williamson

    Worldwide services PMI data will be due at the start of a busy week that includes central bank meetings in Canada, Australia and India

    • Purchasing Managers’ Index (PMI)
  283. Global manufacturing PMI signals further steep worldwide trade slump in November

    02 December 2022 Chris Williamson

    Global business conditions worsened once again in November amid a further steep downturn in global trade flows

    • Purchasing Managers’ Index (PMI)
  284. Global manufacturing downturn intensifies as firms cut capacity in line with slumping demand

    02 December 2022 Chris Williamson

    Global manufacturing business conditions worsened for a third successive month in November

    • Purchasing Managers’ Index (PMI)
  285. Eurozone manufacturing downturn helps cool inflationary pressures

    01 December 2022 Chris Williamson

    The S&P Global Eurozone Manufacturing PMI indicated a sixth successive monthly decline in factory production in November.

    • Purchasing Managers’ Index (PMI)
  286. Flash PMI survey data signal growing impact from rate hikes on economy and inflation

    28 November 2022 Chris Williamson

    A marked divergence has developed between resilient official economic data and softer business survey statistics in the US

    • Purchasing Managers’ Index (PMI)
  287. Week Ahead Economic Preview: Week of 28 November 2022

    25 November 2022 Jingyi Pan Chris Williamson

    Worldwide manufacturing PMIs will be eagerly anticipated in the coming week after flash PMIs alluded to further recession risks in the major...

    • Purchasing Managers’ Index (PMI)
  288. Flash PMI data signal falling output in the US, Europe and Japan, but price pressures also cool

    24 November 2022 Chris Williamson

    Flash PMI survey data for November showed the global economy coming under pressure from falling output in the major developed economies, with...

    • Purchasing Managers’ Index (PMI)
  289. Flash PMI point to rising Eurozone recession risks, but price pressures cool as supply improves

    23 November 2022 Chris Williamson

    November saw business activity fall across the eurozone for a fifth month running, according to flash PMI data

    • Purchasing Managers’ Index (PMI)
  290. Flash UK PMI data flash recession signals amid steepening drop in demand

    23 November 2022 Chris Williamson

    A further steep fall in business activity in November adds to growing signs that the UK is in recession, with GDP likely to fall for a second...

    • Purchasing Managers’ Index (PMI)
  291. Week Ahead Economic Preview: Week of 21 November 2022

    18 November 2022 Jingyi Pan

    November flash PMI figures for major developed economies will be eagerly awaited in the coming week while interest rates updates in mainland...

    • Purchasing Managers’ Index (PMI)
  292. Business activity down sharply in Ghana amid inflationary pressures

    18 November 2022 Andrew Harker

    Strong inflationary pressures as a result of a depreciating currency and public finance issues have begun to have a severe impact on demand and...

    • Purchasing Managers’ Index (PMI)
  293. Japanese service sector activity picks up following recent roll-out of National Travel Discount Programme

    18 November 2022 Laura Denman

    The release of the au Jibun Bank Japan flash PMI, compiled by S&P Global, on the 24th of November will be highly anticipated following October's...

    • Purchasing Managers’ Index (PMI)
  294. New inflation trackers decipher key trends driving global prices

    17 November 2022 David Owen

    New S&P Global PMI™ Comment Trackers provide unique insights into the key macroeconomic trends shaping the global economy. The trackers are derived...

    • Purchasing Managers’ Index (PMI)
  295. November flash PMI data to provide insights into inflation trends and recession risks

    17 November 2022 Jingyi Pan

    November flash PMI data will be eagerly awaited in the coming week to shed light on inflation, employment trends and risks of recession in the...

    • Purchasing Managers’ Index (PMI)
  296. Monthly PMI Bulletin: November 2022

    15 November 2022 Jingyi Pan

    The global slowdown deepened at the start of the fourth quarter with both manufacturing and services performance deteriorating and output contracting...

    • Purchasing Managers’ Index (PMI)
  297. Week Ahead Economic Preview: Week of 7 November 2022

    04 November 2022 Rajiv Biswas Jingyi Pan

    A busy week ahead for economic releases is expected with the key focus on US and China inflation figures for October.

    • Purchasing Managers’ Index (PMI)
  298. Global manufacturing PMI slips further into contraction territory as new orders decline solidly

    03 November 2022 Jingyi Pan

    Global business conditions worsened once again in the manufacturing sector in October, with theJPMorgan Global Manufacturing Purchasing Managers'...

    • Purchasing Managers’ Index (PMI)
  299. Week Ahead Economic Preview: Week of 31 October 2022

    28 October 2022 Jingyi Pan Chris Williamson

    Worldwide manufacturing and services PMI data will be eagerly anticipated next week for the first indications of early Q4 performance around...

    • Purchasing Managers’ Index (PMI)
  300. Flash PMI data signalled heightened recession risks in the US and Europe

    25 October 2022 Chris Williamson

    October flash PMI data showed economic contractions gathering pace in the US, eurozone and UK, leaving Japan as the only major developed world...

    • Purchasing Managers’ Index (PMI)

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