1. 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

2. 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...

3. 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

4. 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...

5. 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...

6. 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...

7. 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...

8. 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)...

9. 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...

10. 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...

11. 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...

12. 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...

13. 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...

14. 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'...

15. 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...

16. 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...

17. 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...

18. 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

19. 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...

20. 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...

21. 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...

22. 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...

23. 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.

24. 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...

25. 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

26. 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...

27. 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...

28. 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...

29. 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.

30. 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

31. 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...

32. 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...

33. 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...

34. 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...

35. 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...

36. 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...

37. 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...

38. 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...

39. 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...

40. 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...

41. 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...

42. 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...

43. 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

44. 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...

45. 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....

46. 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....

47. 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...

48. 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

49. 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

50. 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

51. 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.

52. 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

53. 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...

54. 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...

55. 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

56. 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...

57. 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...

58. 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...

59. 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...

60. 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...

61. 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...

62. 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...

63. 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.

64. 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'...

65. 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...

66. 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...

67. Flash US PMI falls sharply in to contraction territory in October as optimism and demand slumps

    24 October 2022 Chris Williamson

    The October S&P Global flash PMI surveys present a picture of the economy at increased risk of contracting in the fourth quarter at the...

68. Germany leads steepening eurozone downturn in October

    24 October 2022 Chris Williamson

    The Eurozone economy slipped into a steeper downturn at the start of the fourth quarter, the rate of decline hitting the fastest since April...

69. Flash UK PMI data signal increasing economic stress as downturn intensifies

    24 October 2022 Chris Williamson

    October's flash PMI data showed the pace of economic decline gathering momentum after the recent political and financial market upheavals. The...

70. Flash PMIs show renewed contraction of the Australian economy in October while Japan's service sector powers growth

    24 October 2022 Jingyi Pan

    October's flash PMI data indicated that the Australian economy returned to contraction following eight straight months of growth while Japan's...

71. Week Ahead Economic Preview: Week of 24 October 2022

    21 October 2022 Shreeya Patel Chris Williamson

    A number of central bank meetings take place in the coming week, encompassing Japan, the Eurozone, Canada, Brazil and Russia

72. Demand Shortfall indices suggest manufacturing downturn could accelerate rapidly

    20 October 2022 Maryam Baluch David Owen

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

73. Flash PMI data to highlight recession risks and varying inflation trends at start of fourth quarter

    18 October 2022 Chris Williamson

    October flash PMI data will provide much needed insights into the risk of some of the world's major economies falling into recession. Prior data...

74. Strength in official manufacturing data not set to last

    17 October 2022 Chris Williamson

    Ahead of next week's flash eurozone PMI release, we review the survey findings and the official data after a marked divergence has become apparent...

75. Australian economy under pressure amid strong inflation, but signs of price peak appear

    17 October 2022 Laura Denman

    The release of the Australia flash PMI on the 24th of October will be eagerly awaited after recent PMI survey data, compiled by S&P Global, signalled...

76. Monthly PMI Bulletin: October 2022

    17 October 2022 Lewis Cooper

    September saw the level of global economic activity contract for the second successive month, as output fell more quickly at manufacturers but...

77. Week Ahead Economic Preview: Week of 17 October 2022

    14 October 2022 Shreeya Patel Chris Williamson

    The week ahead brings inflation data due for the EU, UK, Japan, Canada and Italy, plus China's third quarter GDP. Consumer sentiment data for...

78. Upcoming PMI data in focus as UK recession risks intensify amid market turmoil

    14 October 2022 Chris Williamson

    October's flash PMI data for the UK will be eagerly awaited, given the growing chorus of concerns regarding the country's economic health and...

79. Global economy contracts for second month running amid tightening financial conditions

    10 October 2022 Chris Williamson

    Global economic output contracted for a second straight month in September, adding to signs that businesses around the world are reporting the...

80. Week Ahead Economic Preview: Week of 10 October 2022

    07 October 2022 Shreeya Patel Chris Williamson

    This week, a number of key economic releases will add insights to macroeconomic conditions in the US, UK and Eurozone after PMI survey data hinted...

81. ASEAN Foreign Direct Investment Inflows Reach Record High

    06 October 2022 Rajiv Biswas

    Foreign direct investment (FDI) inflows into the ASEAN region for the 2021 calendar year reached a record level of USD 174 billion, equaling...

82. UAE non-oil sector maintains robust growth despite faltering global economy

    05 October 2022 David Owen

    The United Arab Emirates non-oil economy has appeared immune to some of the drags on output observed in the global economy in the third quarter...

83. Worldwide industrial price pressures rise as higher energy costs and strong dollar offset impact of cooling supply chains

    04 October 2022 Chris Williamson

    The global manufacturing PMI survey found average input costs rising at an increased rate for the first time in five months in September, hinting...

84. Global manufacturing PMI falls into contraction territory for first time since 2020 lockdowns

    04 October 2022 Chris Williamson

    Global business conditions worsened in the manufacturing sector in September, with the

85. Singapore Manufacturing Sector Moderates as Global Headwinds Bite

    02 October 2022 Rajiv Biswas

    The Singapore economy has shown continued expansion since the beginning of 2022, helped by significant easing of pandemic-related restrictions....

86. Week Ahead Economic Preview: Week of 3 October 2022

    30 September 2022 Shreeya Patel Rajiv Biswas Chris Williamson

    With global recession risks rising, upcoming PMI survey data for the world’s major economies will come under close scrutiny in the week ahead...

87. US downturn eases in September amid cooling price pressures and fewer supply delays

    26 September 2022 Chris Williamson

    US businesses reported a third consecutive monthly fall in output during September, rounding off the weakest quarter for the economy since the...

88. Week Ahead Economic Preview: Week of 26 September 2022

    26 September 2022 Shreeya Patel Chris Williamson

    Flash PMIs last week provided a much-anticipated insight into the macroeconomic environment for the US, UK, Eurozone and Australia. The flash...

89. Eurozone downturn deepens in September as price pressures intensify

    23 September 2022 Chris Williamson

    The Eurozone economic downturn deepened in September, with business activity contracting for a third consecutive month, according to preliminary...

90. UK recession risks rise as flash PMI surveys signal deepening downturn in September

    23 September 2022 Chris Williamson

    UK economic woes deepened in September as business activity fell at an increased rate

91. Week Ahead Economic Preview: Week of 19 September 2022

    16 September 2022 Shreeya Patel Chris Williamson

    Three of the largest five economies will hold their central bank meetings this week, including the US, Japan and the UK

92. Using SP Global PMI survey data as an indicator corporate earnings

    16 September 2022 Chris Williamson

    PMI survey data produced around the world by S&P Global can provide valuable, unique guidance on corporate earnings trends, as illustrated by...

93. APAC Electronics Industry Faces Global Headwinds

    15 September 2022 Rajiv Biswas

    The latest S&P Global Electronics PMI survey for August 2022 indicated that the electronics sector has started to contract for the first time...

94. Week Ahead Economic Preview: Week of 12 September 2022

    12 September 2022 Shreeya Patel Chris Williamson

    Official GDP, inflation and job market data releases remain in the diary, causing the economic spotlight to fall on the UK as the week commences...

95. New PMI Comment Tracker dataset reveals key insights into the global supply chain

    09 September 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...

96. Monthly PMI Bulletin: September 2022

    08 September 2022 Lewis Cooper

    August saw global economic activity contract for the first time since June 2020, as new order inflows declined, international trade volumes fell...

97. S&P Global and ISM service sector surveys compared

    07 September 2022 Chris Williamson

    SP Global and ISM service sector surveys compared

98. Global economy slides into contraction, price pressures ease to 1½ year low

    06 September 2022 Chris Williamson

    Global economic output contracted in August for the first time since June 2020, according to the latest PMI survey data

99. UK economy slides into contraction in August, prospects darken

    05 September 2022 Chris Williamson

    The S&P Global/CIPS UK Composite PMI fell below the crucial 50.0 no-change mark during August for the first time in 18 months

100. Week Ahead Economic Preview: Week of 5 September 2022

     02 September 2022 Shreeya Patel Chris Williamson

     Central bank meetings will dominate headlines this week with the Reserve Bank of Australia (RBA), European Central Bank (ECB) and the Bank of...

101. Global manufacturing PMI at 26-month low with downturn set to deepen

     01 September 2022 Chris Williamson

     The JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI™), compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest...

102. US manufacturing reports steepening output loss, but supply chain delays and price pressures ease

     01 September 2022 Chris Williamson

     The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index™ (PMI™) posted 51.5 in August, down from 52.2 in July to the lowest...

103. Eurozone manufacturing downturn set to gather pace as inventories accumulate at record pace

     01 September 2022 Chris Williamson

     The latest survey data show eurozone manufacturing business conditions worsening for a second successive month in August, driven by slumping...

104. Week Ahead Economic Preview: Week of 29 August 2022

     26 August 2022 Shreeya Patel Chris Williamson

     A wealth of economic data will be released in the coming week with S&P Global Worldwide Manufacturing PMIs set to dominate headlines and the...

105. Week Ahead Economic Preview: Week of 22 August 2022

     19 August 2022 Shreeya Patel Maryam Baluch Chris Williamson

     August flash PMIs will be in full focus this week and will offer updates on economic conditions at the crossroads of weakening global demand...

106. Six charts showing three key themes to look out for in the August PMIs

     18 August 2022 Joseph Hayes

     Ahead of the August PMI release, we highlight three major themes to keep tabs on through six charts: inflation, recession risk and labour market...

107. Falling demand and semiconductor shortages hit struggling tech and autos firms

     15 August 2022 Joseph Hayes

     The supply-related constraints which have troubled global electronics producers since early last year were compounded as demand conditions in...

108. Week Ahead Economic Preview: Week of 15 August 2022

     12 August 2022 Shreeya Patel Maryam Baluch Chris Williamson

     Meeting minutes from the Fed and the RBA will be released in the coming week while Q2 GDP data for the Eurozone, Japan, Thailand, the Netherlands...

109. Monthly PMI Bulletin: August 2022

     10 August 2022 Lewis Cooper

     The following is an extract from S&P Global Market Intelligence’s latest Monthly PMI Bulletin. For the full report, please click on the ‘Download...

110. Week Ahead Economic Preview: Week of 08 August 2022

     05 August 2022 Shreeya Patel Maryam Baluch Chris Williamson

     Q2 GDP updates will be due for the UK, Russia and Singapore in the coming week alongside a series of inflation data for the US, India, China...

111. Global growth at two-year low in July as developed world slips into contraction, but price pressures ease

     03 August 2022 Chris Williamson

     Global economic growth slowed to a crawl in July, according to the latest PMI survey data, led by the developed world falling into contraction...

112. Global manufacturing PMI hits two-year low in July as production falls in the developed world

     02 August 2022 Chris Williamson

     The JPMorgan Manufacturing Purchasing Managers’ Index™ (PMI™), compiled by S&P Global, fell from 52.2 in June to a two-year low of 51.1 in July....

113. Global manufacturing PMI price inflation

     02 August 2022 Chris Williamson

     Inflationary pressures in the worldwide factory sector moderated to the lowest for a year-and-a-half in July, leading to global supply chain...

114. Week Ahead Economic Preview: Week of 01 August 2022

     29 July 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     This week sees the release of worldwide manufacturing and services PMI data which will give an insight into global growth, inflation and labour...

115. APAC Electronics Industry Expansion Moderates Amidst Pricing Pressures

     28 July 2022 Rajiv Biswas

     The latest S&P Global Electronics PMI survey shows that expansion in the electronics sector is continuing, albeit growth momentum has gradually...

116. Week Ahead Economic Preview: Week of 25 July 2022

     26 July 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     A busy week sees the US Federal Open Market Committee (FOMC) meeting with markets predicting at least a 75-basis point hike

117. Flash PMI data signal developed world economic decline at start of third quarter

     26 July 2022 Chris Williamson

     Early PMI survey data showed economic output contracting in the US and Eurozone during July, with growth meanwhile slowing in both the UK and...

118. Eurozone falls into contraction in July, price pressures ease

     25 July 2022 Chris Williamson

     The eurozone economy looks set to contract in the third quarter as business activity slipped into decline in July and forward-looking indicators...

119. UK economy slows in July amid manufacturing decline, but price pressures ease

     25 July 2022 Chris Williamson

     UK economic growth slowed to a crawl in July, registering the slowest expansion since the lockdowns of early-2021

120. Economic growth in Japan close to stalling in July led by renewed manufacturing decline, price pressures cool from record highs

     25 July 2022 Chris Williamson

     The preliminary PMI survey results for July signal a significant loss of growth momentum in the Japanese economy at the start of the third quarter....

121. Worldwide PMIs to provide guidance on recession risks and inflation trends

     19 July 2022 Chris Williamson

     uly's upcoming PMI survey data will be eagerly assessed for clues as to recession risks and the persistence of elevated inflation rates

122. Singapore Economy Continues on Road to Recovery

     15 July 2022 Rajiv Biswas

     Singapore's economy has continued to recover from the COVID-19 pandemic in the first half of 2022. The advance estimate of GDP for the second...

123. Week Ahead Economic Preview: Week of 18 July 2022

     15 July 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     The first glimpses of worldwide economic growth and inflation trends at the start of the third quarter will be revealed with flash PMI surveys...

124. Kazakh economy shows resilience despite ongoing geopolitical challenges

     15 July 2022 Maryam Baluch Andrew Harker

     Growth across the Kazakh economy remained strong midway through the year, representing a much-improved picture from that seen just after the...

125. Monthly PMI Bulletin: July 2022

     14 July 2022 Lewis Cooper

     The rate of global economic expansion accelerated to a four-month high in June, with the rebound mainly reflecting a revival in China, where...

126. China's Greater Bay Area Becomes Key Mega Region in Global Economy

     08 July 2022 Rajiv Biswas

     The Greater Bay Area has become one the three key mega-regions of China, with a total GDP that reached USD 2 trillion in 2021, equivalent to...

127. Week Ahead Economic Preview: Week of 11 July 2022

     08 July 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     A busy week sees the release of a series of GDP data for the UK, China and Singapore, which will no doubt take centre stage

128. Global real estate choked by rising interest rates, leads economic slowdown

     07 July 2022 Chris Williamson

     Detailed sector PMI data compiled by S&P Global, derived from information provided by panels of over 30,000 companies in 45 countries, reveals...

129. Global inflation peak signalled as supply delays ease and demand falters

     06 July 2022 Chris Williamson

     The latest PMI data compiled for JPMorgan by S&P Global showed companies' input costs rising at the slowest rate for four months, signalling...

130. Global growth buoyed in June by China upturn, but worldwide demand growth hits weakest for nearly two years and business prospects sour

     06 July 2022 Chris Williamson

     Global economic growth accelerated in June thanks primarily to rebounding business activity in mainland China after lockdowns related to the...

131. US PMI data show demand for goods and services falling in June, taking pressure off prices

     06 July 2022 Chris Williamson

     June saw signs of an increasingly broad-based weakening of the US economy with demand now falling in both the manufacturing and service sectors....

132. Business activity revives across manufacturing and services in June, but demand headwinds persist amid ongoing COVID-19 restrictions

     05 July 2022 Chris Williamson

     PMI survey data for mainland China signaled a strong rebound in economic activity across both manufacturing and services in June as pandemic-related...

133. Eurozone PMI signals growth in June but downturn risks rise amid weakening leading indicators

     05 July 2022 Chris Williamson

     While the June PMI surveys indicate ongoing growth of business activity at the end of the second quarter, a sharp deterioration in the rate of...

134. Week Ahead Economic Preview: Week of 04 July 2022

     04 July 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     This week, services PMI data for all major developed and emerging economies will be in focus, coming on the heels of last week's manufacturing...

135. Global manufacturing PMI hits lowest since August 2020 despite China rebound

     01 July 2022 Chris Williamson

     The JPMorgan Manufacturing Purchasing Managers' Index™ (PMI™), compiled by S&P Global, nudged lower in June, down from 52.3 in May to 52.2, its...

136. Eurozone manufacturing downturn signalled as demand falls sharply in June

     01 July 2022 Chris Williamson

     The S&P Global Eurozone Manufacturing PMI® fell from 54.6 in May to 52.1 in June, its lowest reading since August 2020 and a fifth consecutive...

137. The Ascent of APAC in the Global Economy

     01 July 2022 Rajiv Biswas

     Over the past two decades, the Asia-Pacific (APAC) region has played an increasingly important role in the world economy. The weight of APAC...

138. Mainland China manufacturing surges back into growth in June, supplier performance improves, prices fall

     01 July 2022 Chris Williamson

     China's manufacturing sector sprang back into life in June as the partial relaxation of COVID-19 containment measures helped drive the second-steepest...

139. Philippines economy resilient despite global headwinds

     30 June 2022 Rajiv Biswas

     The Philippines economy has continued to show rapid expansion in early 2022, with first quarter GDP growth up 8.3% year-on-year (y/y)

140. Week Ahead Economic Preview: Week of 27 June 2022

     24 June 2022 Shreeya Patel Rajiv Biswas Chris Williamson

     The start of the new month brings fresh global manufacturing data in the form of the PMIs after the flash PMIs painted a downbeat picture for...

141. Flash PMI data signal increased stagflation risks as growth weakens amid soaring cost of living

     23 June 2022 Chris Williamson

     Early PMI survey data showed economic growth slowing sharply in the US, Eurozone and UK during July, with further weakness likely in coming months...

142. UK recession risk rises as business confidence slumps amid cost-of-living crisis in June

     23 June 2022 Chris Williamson

     The UK economy sustained a modest pace of expansion in June according to preliminary PMI survey data, and also saw steady strong employment growth...

143. Eurozone economic stagflation risk rises in June as demand stalls and price surge continues

     23 June 2022 Chris Williamson

     Eurozone economic growth deteriorated sharply to a 16-month low in June, according to preliminary PMI data, reflecting a stalling of demand growth...

144. Japan's economy picks up speed in June as services revive, but manufacturing slows and prices surge

     23 June 2022 Chris Williamson

     The pace of economic growth accelerated in Japan at the end of the second quarter according to the latest business surveys, indicating a strengthening...

145. Global PMI: What to watch in the flash PMIs for June

     20 June 2022 Chris Williamson

     The upcoming June flash PMI data for the US, UK, Eurozone and Japan will be eagerly assessed for clues as to the persistence of elevated inflation...

146. Week Ahead Economic Preview: Week of 20 June 2022

     17 June 2022 Shreeya Patel Rajiv Biswas Jingyi Pan Chris Williamson

     Flash PMIs will be released towards the end of the week for the US, UK, Eurozone, Japan and Australia.

147. Global automotive output contracts faster in May amid uneven regional trends and despite further signs of semiconductor shortages easing

     15 June 2022 Jingyi Pan

     The S&P Global Sector PMI™ revealed that Automobiles & Auto Parts sector output contracted worldwide for a second successive month amid the sharpest...

148. Machinery and Equipment sector output falls again in May

     13 June 2022 Lewis Cooper

     The Global Machinery & Equipment sector recorded a back-to-back decline in output amid severe supply delays in May, according to the latest PMI...

149. Global PMI Special Report: Russia-Ukraine war update

     13 June 2022 Sara Johnson Ryland Maltsbarger John Mothersole Jim Burkhard Chris Williamson

     In this special report, we provide an update on the latest economic situation following Russia's invasion of Ukraine, discussing the growth...

150. Sub-Saharan African firms count the cost of war in Europe

     10 June 2022 Andrew Harker

     The impact of the war in Ukraine on prices for key items such as food and fuel is feeding through to strengthening inflationary pressures for...

151. Global price pressures hold near record high amid unprecedented rise in service sector costs

     08 June 2022 Chris Williamson

     The latest PMI data compiled for JPMorgan by S&P Global revealed an unwelcome mix of sluggish global economic growth and soaring business costs...

152. Monthly PMI Bulletin: June 2022

     07 June 2022 Chris Williamson Jingyi Pan

     The global economy expanded for a 23rd straight month in May, according to the JPMorgan Global PMI™ (compiled by S&P Global), with the rate of...

153. Global sector PMI data show economic growth being led by surging demand for consumer services, while banking and auto makers see steepest declines

     07 June 2022 Chris Williamson

     May saw a further acceleration in demand for services such as travel and tourism in particular following the recent relaxation of COVID-19 travel...

154. Global growth inches higher in May as loosened COVID restrictions boost demand for services and downturns ease in China and Russia

     07 June 2022 Chris Williamson

     The pace of global economic growth remained among the weakest seen so far during the pandemic recovery period in May, according to the latest...

155. Week Ahead Economic Preview: Week of 6 June 2022

     03 June 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     The week ahead finds central bank meetings unfolding in the eurozone, Australia, India and Thailand while a series of inflation data will be...

156. Weak eurozone PMI readings signal second quarter manufacturing downturn

     02 June 2022 Chris Williamson

     Euro area manufacturers continue to struggle against the headwinds of supply shortages, elevated inflationary pressures and weakening demand...

157. Global factory output falls for second month in May amid China lockdowns

     02 June 2022 Chris Williamson

     The subdued performance of the goods-producing sector was led by a slight decline in production for a second successive month, thanks principally...

158. Week Ahead Economic Preview: Week of 30 May 2022

     27 May 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Worldwide PMI releases for May will be eagerly awaited with the turn of the month in the coming week.

159. Headwinds stifle developed world expansions in May

     24 May 2022 Chris Williamson

     Early PMI survey data showed economic growth rates coming under pressure in the major developed economies as a boost to businesses from the post-Omicron...

160. UK economy slows to a crawl in May as inflation pressures hit new high

     24 May 2022 Chris Williamson

     The UK Flash PMI survey data signal a severe slowing in the rate of economic growth in May, with forward-looking indicators hinting that worse...

161. Eurozone economy shows resilience in May thanks to buoyant service sector, as price pressures ease from April high

     24 May 2022 Chris Williamson

     The eurozone economy retained encouragingly resilient growth in May, as a beleaguered manufacturing sector was offset by a buoyant service sector....

162. Reduced COVID-19 impact supports services growth in Japan and Australia but manufacturing sector under pressure from supply constraints

     24 May 2022 Jingyi Pan

     Private sector output continued to expand across Japan and Australia according to May flash PMI data

163. Week Ahead Economic Preview: Week of 23 May 2022

     20 May 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Flash PMI data for May will be released next Tuesday for a first look into economic conditions midway into Q2.

164. Inflation pressures and GDP resilience under scrutiny with May flash PMIs

     20 May 2022 Chris Williamson

     Flash PMI data for the US, eurozone, UK, Japan and Australia will provide the first major clues as to the health of the world economy mid-way...

165. Understanding… PMI new export orders index: Tracking worldwide trade flows and changing demand, by country and sector

     19 May 2022 Chris Williamson

     The new export orders index from S&P Global’s PMI business surveys tracks foreign demand for both goods and services

166. Global commodity price and supply indicators signal semiconductor shortage showing signs of peaking

     17 May 2022 Jingyi Pan

     The S&P Global PMI™ Commodity Price and Supply Indicators track the development of price pressures and supply shortages each...

167. Week Ahead Economic Preview: Week of 16 May 2022

     13 May 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     The week ahead finds a busy economic calendar alongside a series of Fed appearances which remain in focus given uncertainties over the pace of...

168. Manufacturers in Kazakhstan face logistical struggles amid sanctions on Russia

     12 May 2022 Maryam Baluch Andrew Harker

     Manufacturers in Kazakhstan continue to be impacted by the spillover effects of the war in Ukraine and imposition of sanctions on key trade partner...

169. Monthly PMI Bulletin: May 2022

     09 May 2022 Jingyi Pan Chris Williamson

     The global economy expanded for a twenty-second straight month* in April, according to the JPMorgan Global PMI™ (compiled by S&P Global), though...

170. Global PMI - special Russia-Ukraine war report

     09 May 2022 Mark Fulthorpe John Mothersole Jim Burkhard Elisabeth WaelbroeckRocha, Ph.D. Chris Williamson Alex Kokcharov

     Global growth slows and inflation pressures intensify amid rising economic headwinds

171. Economic downturn spreads as more sectors report falling output and record price rises

     06 May 2022 Chris Williamson

     Detail sector PMI data compiled by S&P Global revealed a broadening of the global economic slowdown in April with more sectors reporting falling...

172. Global PMI surveys show further acceleration of inflation amid supply shocks in April, but demand shows signs of waning

     06 May 2022 Chris Williamson

     Global price pressures intensified in April, according to the latest PMI data compiled for JPMorgan by S&P Global

173. China and Russia drag global growth to 22-month low, push price inflation to record high

     06 May 2022 Chris Williamson

     The pace of global economic growth slowed in April to the lowest since the downturn of the second quarter of 2020, according to the latest PMI...

174. Week Ahead Economic Preview: Week of 9 May 2022

     06 May 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Inflation data will be the key focus in the coming week with figures due from both the US and China for April.

175. Worldwide factory output falls for first time since June 2020 as supply conditions worsen

     03 May 2022 Chris Williamson

     The JPMorgan Manufacturing Purchasing Managers' Index™ (PMI™), compiled by S&P Global, fell from 52.9 in March to a 20-month low of 52.2 in April...

176. Week Ahead Economic Preview: Week of 25 April 2022

     22 April 2022 Chris Williamson Jingyi Pan Rajiv Biswas

     A string of Q1 GDP data will be released in the coming week across the US, eurozone, South Korea and Taiwan.

177. Further surge in price pressures in April casts mounting shadow over growth outlook

     22 April 2022 Chris Williamson

     Preliminary PMI survey data showed economic growth slowing in the US and UK as strong pandemic rebounds showed signs of fading. In contrast...

178. UK economic growth slows in April as outlook darkens and inflation pressures mount

     22 April 2022 Chris Williamson

     The UK PMI survey data signal a marked cooling in the pace of UK economic growth during April

179. Eurozone growth accelerates as reviving services demand offsets near stalling of manufacturing, but prices rise at record rate

     22 April 2022 Chris Williamson

     Eurozone economic growth accelerated in April as a rebounding service sector, benefitting from loosened COVID-19 restrictions, helped compensate...

180. Easing COVID-19 disruptions boost private sector output in Japan and Australia but business confidence declines on inflation concerns

     22 April 2022 Jingyi Pan

     Private sector output rose across Japan and Australia in April as easing COVID-19 disruptions domestically supported growth of business activity....

181. Week Ahead Economic Preview: Week of 18 April 2022

     14 April 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Flash PMIs released in the coming week across major developed economies offer a first look into the degree to which these countries have been...

182. Week Ahead Economic Preview: Week of 11 April 2022

     08 April 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Central bank meetings will be in abundance in the coming week across the eurozone, Canada, New Zealand, South Korea and Singapore.

183. Tide of rising prices stems economic recovery in Sub-Saharan Africa

     08 April 2022 David Owen

     Growth in the Sub-Saharan region was quelled at the end of the first quarter of 2022, as a record increase in selling prices led customers to...

184. Inflation outlook worsens as PMI data show steepest rise in global business costs since 2008

     07 April 2022 Chris Williamson

     Inflationary pressures intensified around the world in March according to the latest PMI data compiled for JPMorgan by S&P Global

185. Monthly PMI Bulletin: April 2022

     07 April 2022 Jingyi Pan Chris Williamson

     The global economy expanded for a twenty-first straight month* in March, according to the JPMorgan Global PMI™ (compiled by S&P Global), but...

186. War in Ukraine leads to drop in global business confidence

     06 April 2022 Andrew Harker

     Russia's invasion of Ukraine has hit business confidence across much of the world, representing a bigger jolt to worldwide business optimism...

187. Global growth slows as boost from pandemic-reopening is offset by Ukraine war and Omicron

     06 April 2022 Chris Williamson

     The PMI data showed output growth at its third-lowest for 18 months, with only August 2021 and January 2022 having recorded a weaker monthly...

188. PMI at 18-month low as manufacturing disrupted by Ukraine war and Omicron wave

     04 April 2022 Chris Williamson

     The JPMorgan Manufacturing Purchasing Managers' Index™ (PMI™), compiled by S&P Global, fell from 53.7 in February to a one-and-a-half year low...

189. US producers report strong end to first quarter despite Ukraine war impact

     01 April 2022 Chris Williamson

     US manufacturing growth accelerated in March as robust demand and improving prospects countered the headwinds of soaring cost pressures and the...

190. Off sick: wave of COVID-19 infections in Vietnam hits workforce numbers

     01 April 2022 Andrew Harker

     The COVID-19 pandemic retains the ability to throw the Vietnamese manufacturing sector off course in 2022 despite a lack of virus containment...

191. Week Ahead Economic Preview: Week of 04 April 2022

     01 April 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Worldwide services PMI will be due in the coming week for a detailed look into the impact of recent developments from the Ukraine war and the...

192. Week Ahead Economic Preview: Week of 28 March 2022

     25 March 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     In a busy week that sees an updated US non-farm payroll report, worldwide manufacturing PMIs will reveal insights into business conditions amid...

193. Ukraine war hits business confidence, drives price pressures to new highs

     24 March 2022 Chris Williamson

     Preliminary PMI survey data showed only a modest impact from the Ukraine war on current economic growth in the world's largest developed economies...

194. UK economic growth remains strong in March, but Ukraine war drives unprecedented price rise and pushes business confidence to one and a half year low

     24 March 2022 Chris Williamson

     The UK PMI surveys indicated a sustained robust pace of expansion in March as the further reopening of the economy from COVID-19 containment...

195. Eurozone business outlook darkens to bleakest for 1-1/2 years and price gauges surge to fresh record highs amid initial impact from Ukraine war

     24 March 2022 Chris Williamson

     Eurozone business activity growth slowed in March as the economic impact of Russia's invasion of Ukraine offset a boost to demand from the further...

196. Business confidence among APAC economies declines as price pressures intensify amid the Ukraine war in March

     24 March 2022 Jingyi Pan

     Australia saw business activity improve at an increased rate in March, while activity in Japan showed signs of stabilising.

197. Global manufacturers signal record increase in prices paid for energy and semiconductors in February

     23 March 2022 Usamah Bhatti

     S&P Global PMI Commodity Price & Supply Indicators highlighted that manufacturers continued to battle against rising prices and shortages for...

198. How to interpret and use the PMI survey output index

     21 March 2022 Chris Williamson

     The PMI output index is the survey’s principal gauge of economic growth and can provide valuable insights into GDP, service sector growth and...

199. Week Ahead Economic Preview: Week of 21 March 2022

     18 March 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     March flash PMIs will be released in the coming week for a first look at economic conditions since the outbreak of the Ukraine war.

200. PMI data to provide insights into key economic developments in March

     17 March 2022 Jingyi Pan

     February PMI data pointed to the global economy recovering as the Omicron wave faded, though this was prior to various significant developments...

201. Week Ahead Economic Preview: Week of 14 March 2022

     11 March 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     The week ahead will see an abundance of central bank meetings across the US, UK, Japan, Indonesia and Taiwan.

202. Global economic growth revived in February as Omicron wave faded, but outlook darkens amid Ukraine invasion

     10 March 2022 Chris Williamson

     The pace of global economic growth revived in February having slumped to a one-and-a-half year low in January, bringing encouraging news of a...

203. Monthly PMI Bulletin: March 2022

     08 March 2022 Jingyi Pan Chris Williamson

     The following is an extract from S&P Global’s latest Monthly PMI Bulletin. For the full report, please click on the ‘Download Full Report’ link....

204. Week Ahead Economic Preview: Week of 7 March 2022

     04 March 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     The Ukraine crisis induced uncertainty remains in focus going into the fresh week, though the attention is expected to be shared with upcoming...

205. Global manufacturing growth revives from 1½ year low, but supply shortages and inflationary pressures persist

     02 March 2022 Chris Williamson

     Worldwide manufacturing growth picked up in February after being subdued to a one-and-a-half year low in January due to the Omicron wave. However...

206. ASEAN manufacturing output stays resilient despite COVID-19 surge, but issues of capacity constraints persist and price gauge hits new high

     01 March 2022 Jingyi Pan

     Despite a broad increase in COVID-19 infections in the ASEAN region, manufacturing conditions remained resilient in February with the ASEAN manufacturing...

207. China manufacturing stabilises in February, but employment falls sharply again

     01 March 2022 Chris Williamson

     February saw a welcome stabilisation of manufacturing production in mainland China, suggesting the health restrictions imposed to control the...

208. Week Ahead Economic Preview: Week of 28 February 2022

     25 February 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Markets will inevitably be dominated by the Ukraine crisis, though from an economic data perspective worldwide manufacturing and services PMIs...

209. Flash PMIs show developed world growth rebounding in February as Omicron wave subsides

     22 February 2022 Chris Williamson

     The pace of economic growth across the four largest developed economies rebounded in February after having slowed sharply due to the Omicron...

210. Prices rise at record rate as eurozone growth rebounds in February

     21 February 2022 Chris Williamson

     Eurozone business activity growth accelerated sharply in February as COVID-19 containment measures were relaxed

211. UK flash PMI signals economic resurgence as Omicron wave ebbs, but price pressures intensify

     21 February 2022 Chris Williamson

     The latest PMI surveys indicate a resurgent economy in February, with business activity leaping higher as COVID-19 containment measures were...

212. South Korean economy boosted by strong exports

     21 February 2022 Rajiv Biswas

     The South Korean economy closed the 2021 year on a strong note, with GDP up 4.1% year-on-year (y/y) in the fourth quarter of 2021.

213. APAC flash PMIs show diverging trajectory for Japan and Australia output as the COVID-19 Omicron wave evolves

     21 February 2022 Jingyi Pan

     APAC economies Japan and Australia saw their paths diverge amid mixed COVID-19 Omicron developments.

214. Japan manufacturing output falls and prices rise at steepest rate since 2008 amid worsening supply situation

     21 February 2022 Chris Williamson

     The headline au Jibun Bank Manufacturing PMI remained in expansion territory at 52.9 in February according to the preliminary ‘flash’ reading...

215. Week Ahead Economic Preview: Week of 21 February 2022

     17 February 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     S&P Global flash PMIs for February, released across major developed economies, will be in focus in the coming week. Central bank meetings in...

216. UK wages rise amid tightest labour market for decades, but surveys hint at pay pressures peaking soon

     16 February 2022 Chris Williamson

     Record high job vacancies and low unemployment have led to the tightest labour market in at least two decades

217. Week Ahead Economic Preview: Week of 14 February 2022

     11 February 2022

     The week ahead finds the focus on the January US Fed FOMC minutes, while UK and China January inflation data will be key economic figures to...

218. Using PMI sub-indices to forecast the headline manufacturing PMI

     11 February 2022 Jingyi Pan

     PMI sub-indices have been shown to provide a considerable amount of value beyond the market-sensitive headline PMI figure

219. Monthly PMI Bulletin: February 2022

     08 February 2022 Jingyi Pan Chris Williamson

     The global economy expanded for a nineteenth straight month in January, according to the JPMorgan Global PMI™ (compiled by S&P Global)

220. Global food price inflation reaches all-time high amid record supply shortages

     07 February 2022 Chris Williamson

     S&P Global's unique global sector PMI data showed average prices charged by food producers to have risen at a rate unprecedented in over a decade...

221. Global economy sees inflation pressures persist as growth slows

     07 February 2022 Chris Williamson

     January saw the pace of global economic growth wane to a pandemic recovery low as the Omicron wave once again meant COVID-19 disrupted business...

222. Global economic slowdown led by slump in consumer services activity

     07 February 2022 Chris Williamson

     Detailed sector data from the PMI reveal how consumer-facing industries were the hardest hit, with tourism and recreation reporting by far the...

223. Omicron wave pushes global economic growth to 1½ year low in January

     07 February 2022 Chris Williamson

     The pace of global economic growth slumped to a one-and-a-half year low in January as the Omicron wave disrupted activity

224. Week Ahead Economic Preview: Week of 7 February 2022

     04 February 2022 Jingyi Pan Chris Williamson

     The key release of the week is likely to be US inflation for January, though GDP data are updated for both the UK and Taiwan and central bank...

225. U.S. manufacturing production hit by Omicron, but survey gauges differ on scale of January slowdown

     02 February 2022 Chris Williamson

     Both S&P Global and ISM survey gauges showed the US manufacturing economy being hit by the surge in COVID-19 cases linked to the Omicron variant...

226. Global production growth slows to 1½-year low at start of 2022 as Omicron hits

     01 February 2022 Chris Williamson

     A slowing in the worldwide factory sector was signalled in January as the JPMorgan Global Manufacturing PMI fell from 54.3 in December to 53.2...

227. China manufacturing sector falls into decline amid Omicron wave, job losses accelerate

     31 January 2022

     Tightened restrictions to fight the Omicron wave has led to a renewed decline in manufacturing production in mainland China, with demand also...

228. Week Ahead Economic Preview: Week of 31 January 2022

     28 January 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Worldwide manufacturing and services PMIs will be released in a busy week ahead filled with key economic data such as the US jobs report and...

229. US economy accelerated prior to Omicron, but renewed weakness apparent

     27 January 2022 Chris Williamson

     The US economy grew at an impressive pace in the closing quarter of 2021, but a renewed period of weakness is already being signalled at the...

230. Flash PMIs signal sharp slowing in developed world growth at start of 2022 as Omicron wave hits

     25 January 2022 Chris Williamson

     The pace of economic growth across the four largest developed economies slowed sharply in January to the lowest since June 2020 as the Omicron...

231. US economic growth slows to 18-month low as Omicron wave exacerbates supply delays and labour shortages

     24 January 2022 Chris Williamson

     Soaring virus cases have brought the US economy to a near standstill at the start of the year, with businesses disrupted by worsening supply...

232. Eurozone growth slows as flash PMI slides to 52.4. Omicron hits services, but manufacturers benefit from easing supply constraints

     24 January 2022 Chris Williamson

     Eurozone business activity growth slowed for a second successive month in January as the spread of the Omicron variant took an increasing toll...

233. UK flash PMI signals economic resilience amid Omicron wave

     24 January 2022 Chris Williamson

     A resilient rate of economic growth in the UK during January masks wide variations across different sectors

234. Japan and Australia enter third economic downturns as Omicron wave hits

     24 January 2022 Jingyi Pan

     APAC economies Japan and Australia slipped into contraction at the start of 2022 as new waves of COVID-19 infections disrupted business activity....

235. Week Ahead Economic Preview: Week of 24 January 2022

     21 January 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     Flash PMIs for January will be released next week while central bank meetings in the US and Canada unfold

236. PMI survey data to reveal Omicron impact around the world

     18 January 2022 Chris Williamson

     January's PMI data will provide the first broad insight into the economic impact of the Omicron variant across the globe, commencing with the...

237. Labour market heat adds to Bank of England policy dilemma

     13 January 2022 Chris Williamson

     UK recruitment agencies reported a further strong rise in the number of people placed in permanent jobs in December, the rate of hiring running...

238. Week Ahead Economic Preview: Week of 17 January 2022

     13 January 2022 Rajiv Biswas Jingyi Pan Chris Williamson

     A busy week ahead is lined with central bank meetings in Japan and Malaysia while labour market and inflation data from the UK will be in focus...

239. Monthly PMI Bulletin: January 2022

     10 January 2022 Jingyi Pan Chris Williamson

     The global economy expanded for an eighteenth straight month in December, according to the JPMorgan Global PMI™ (compiled by S&P Global)

240. Global economic growth hit by Omicron but supply tensions ease

     07 January 2022 Chris Williamson

     The global economy slowed in December as rising COVID-19 case numbers dented the service sector expansion.

241. Global manufacturing production growth accelerates at end of 2021 as supply disruptions show signs of easing, price pressure cools

     05 January 2022 Chris Williamson

     An unchanged global manufacturing PMI reading in December masked improvements in various sub-indices

242. Week Ahead Economic Preview: Week of 27 December 2021

     24 December 2021 Rajiv Biswas Jingyi Pan

     The final week of 2021 is upon us with the holiday-shortened week seeing a light economic data calendar before 2022 kickstarts with a barrage...

243. Week Ahead Economic Preview: Week of 20 December 2021

     17 December 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     A holiday-shortened week finds US and Japan inflation data alongside US and UK updates to Q3 GDP

244. IHS Markit flash PMIs signal slowing economic growth momentum in December, supply constraints broadly ease

     16 December 2021 Jingyi Pan

     December’s preliminary PMI numbers provided a more solemn note to end the year, with growth momentum across the world’s largest developed economies...

245. UK Flash PMI signals economic slowdown as Omicron hits service sector, inflation peak in sight as price pressures cool

     16 December 2021 Chris Williamson

     The flash PMI data show the UK economy being hit once again by COVID-19, with growth slowing sharply at the end of the year led by a steep drop...

246. Eurozone growth at nine-month low in December as fourth COVID-19 wave hits, price pressures and supply constraints ease

     16 December 2021 Chris Williamson

     The eurozone economy is being dealt yet another blow from COVID-19, with rising infection levels dampening growth in the service sector in particular...

247. Global economic conditions turn unfavourable for emerging markets

     14 December 2021 Joseph Hayes

     Global economic growth has been slowing quite drastically in the second half of 2021 as the post-lockdown boom petered out and supply-issues...

248. A Tale of Two Currencies: Turkish lira and Zambian kwacha

     13 December 2021 Andrew Harker

     “It was the best of times, it was the worst of times”, so begins the Charles Dickens classic, A Tale of Two Cities. In ‘A Tale of Two Currencies’...

249. Week Ahead Economic Preview: Week of 13 December 2021

     10 December 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     December flash PMIs will be released in a week packed with central bank meetings across the US, UK, eurozone, Japan and more

250. Brazil in recession, outlook clouded by interest rate hikes and mounting inflationary pressures

     09 December 2021 Pollyanna De Lima

     Brazil dipped back into recession in the third quarter of 2021 as a severe drought hugely impacted farmers. PMI data for the fourth quarter so...

251. Monthly PMI Bulletin: December 2021

     07 December 2021 Jingyi Pan Chris Williamson

     The global economy expanded for a seventeenth straight month in November, according to the JPMorgan Global PMI™ (compiled by S&P Global)

252. US consumer goods producers report highest capacity constraints

     07 December 2021 Jingyi Pan

     US Sector PMI data showed that more sectors clocked growth in November compared to the prior month, although goods-producing industries appear...

253. Week Ahead Economic Preview: Week of 6 December 2021

     03 December 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     Inflation data from the US and China will take centre stage next week while central bank meetings will be in abundance across Canada, Australia...

254. Global manufacturing buoyed by rising Asian output, but supply shortage and price gauges hold close to recent highs

     01 December 2021 Chris Williamson

     Worldwide manufacturing output growth remained subdued in November as ongoing near-record supply shortages were accompanied by a slowing of demand...

255. A solid-looking Eurozone PMI headline reading masks disappointing production growth as factories struggle with supply shortages

     01 December 2021 Chris Williamson

     A strong headline PMI reading masked just how tough business conditions are for manufacturers at the moment

256. PMI surveys: how not to mis-measure manufacturing output

     26 November 2021 Chris Williamson

     The most common mistake we see in PMI charts is the incorrect use of the headline PMI for manufacturing. The headline PMI is a gauge based on...

257. Week Ahead Economic Preview: Week of 29 November 2021

     26 November 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     Worldwide manufacturing and services PMIs will be released next week for a detailed look into November economic conditions

258. Flash PMIs signal stronger developed world growth, but rising COVID-19 cases cloud outlook

     24 November 2021 Chris Williamson

     November’s preliminary PMI numbers show the developed world’s economies continuing to grow at above trend rates, spurring further solid job creation....

259. UK Flash PMI points to sustained robust output and jobs growth in November, but firms' costs again rise at record rate

     23 November 2021 Chris Williamson

     A combination of sustained buoyant UK business growth, further job market gains and record inflationary pressures gives a green light for interest...

260. Faster Eurozone economic upturn marred by record inflationary pressures and COVID-19 worries

     23 November 2021 Chris Williamson

     A stronger expansion of business activity in November defied economists’ expectations of a slowdown, but is unlikely to prevent the eurozone...

261. Australia economy expands at faster rate as restrictions ease, but price pressures persist as costs surge higher

     23 November 2021 Jingyi Pan

     A further easing of COVID-19 restrictions in Australia enabled private sector growth to accelerate in November according to flash PMI™ data

262. Week Ahead Economic Preview: Week of 22 November 2021

     18 November 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     S&P Global releases flash PMIs for November in a week packed with economic data releases

263. UK firms plan marked increase in employment, but only a third of businesses report confidence about hiring skilled staff

     16 November 2021 David Owen

     Projections for UK employment levels were upbeat again in October as firms look to ease labour shortages seen across vast areas of the economy...

264. UK business confidence drops to 12-month low in October amid unprecedented inflation expectations, Accenture/IHS Markit UK Business Outlook finds

     15 November 2021 David Owen

     October data from the Accenture/S&P Global UK Business Outlook survey – a tri-annual survey based on a panel of around 1,300 companies in the...

265. Vietnam economy rebounds after third quarter GDP contraction

     12 November 2021 Rajiv Biswas

     In 2020, Vietnam was one of the most resilient economies in the Asia-Pacific region to the shockwaves from the global COVID-19 pandemic, with...

266. Week Ahead Economic Preview: Week of 15 November 2021

     12 November 2021 Rajiv Biswas Lewis Cooper Chris Williamson

     The coming week will bring important insights into economic trends in the US and China at the start of the fourth quarter, most notably via industrial...

267. US equity investor sentiment surges higher as earnings outlook brightens

     09 November 2021 Chris Williamson

     US equity investor risk appetite improved for a second month running in November, rising to the highest since April

268. Global inflation set to lift higher according to PMI surveys: five key charts

     08 November 2021 Chris Williamson

     A 13-year record rise in prices signalled by S&P Global's worldwide manufacturing and services PMI surveys in October points to a further acceleration...

269. Global economic growth lifts higher as Delta variant disruption eases

     05 November 2021 Chris Williamson

     Global economic growth gained momentum at the start of the fourth quarter as disruptions to businesses in many countries eased in line with a...

270. Week Ahead Economic Preview: Week of 8 November 2021

     05 November 2021 Rajiv Biswas Lewis Cooper Chris Williamson

     The coming week sees some important updates on inflation from the US and China, as well as some fresh UK GDP data to help steer policy at an...

271. ASEAN manufacturing rebounds in October, RCEP ratification boosts longer-term economic outlook

     04 November 2021 Rajiv Biswas

     The ASEAN region has shown a strong rebound in manufacturing output during October, according to the latest S&P Global ASEAN Manufacturing PMI...

272. Global manufacturing growth slows and sentiment darkens amid record supply delays, unprecedented price hikes and stalling trade

     02 November 2021 Chris Williamson

     Worldwide manufacturing output growth slowed in October to the weakest so far in the recovery from the initial pandemic lockdowns, constrained...

273. Eurozone bucks trend of higher flash PMIs, but record price rises are universal

     25 October 2021 Chris Williamson

     October’s preliminary PMI numbers showed growth picking up in the US and UK and reviving in Japan and Australia thanks to stronger service sector...

274. Australia economy sees first expansion in four months, but higher demand drives up prices

     22 October 2021 Jingyi Pan

     October flash PMIs signalled that APAC economies, including Australia and Japan, returned to a state of expansion

275. Eurozone flash PMI sees shortages and COVID-19 push growth to six-month low, and inflationary pressures to two-decade high

     22 October 2021 Chris Williamson

     Eurozone business activity growth slowed sharply to a six-month low in October amid increasing supply bottlenecks and ongoing COVID-19 concerns...

276. UK flash manufacturing PMI masks deteriorating production trend

     22 October 2021 Chris Williamson

     A rise in the headline flash UK manufacturing PMI masked a deterioration in the rate of growth of output in October

277. UK Flash PMI signals economy lifted by service sector, but manufacturing falters and prices rise at record rate

     22 October 2021 Chris Williamson

     The flash PMI data show the UK economy picking up speed again in October, however the expansion is looking increasingly dependent on the service...

278. Week Ahead Economic Preview: Week of 25 October 2021

     22 October 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     A flurry of central bank meetings take place across the globe in the coming week, encompassing Canada, the eurozone and Japan, and we get glimpses...

279. Estimating short-term FX equilibria using PMIs: EUR/USD case study

     19 October 2021 Joseph Hayes

     New research by S&P Global aims to demonstrate how timely PMI survey data can enhance short-term equilibrium exchange rate estimation by quantifying...

280. PMI™ as a tool for equity portfolio adjustment

     18 October 2021 Paul Smith, Ph.D.

     Following on from our previous work related to PMI and its application in financial markets settings, this paper provides another fruitful avenue...

281. Week Ahead Economic Preview: Week of 18 October 2021

     14 October 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     Flash PMIs will offer early insights into economic conditions into the start of Q4 next week

282. Economic growth stalls in Sub-Saharan Africa amid renewed lockdowns and supply chain disruption

     12 October 2021 David Owen

     Sub-Saharan Africa saw economic activity stall during the third quarter of 2021, as a wave of the COVID-19 Delta variant led to heightened lockdown...

283. US equity investor sentiment lifts from lows in October but caution persists amid concerns over policy and politics

     12 October 2021 Chris Williamson

     US equity investors’ risk appetite has picked up in October from the one-year survey low seen in September, but remains subdued compared to earlier...

284. Three key economic takeaways from September's Asia Sector PMI

     08 October 2021 Jingyi Pan

     Asia Sector PMI data showed an economic improvement in the region with eight of the 18 sectors reporting output growth in September

285. Monthly PMI Bulletin: October 2021

     08 October 2021 Jingyi Pan Chris Williamson

     The global economy expanded for a fifteenth straight month in September, according to the JPMorgan Global PMI™ (compiled by S&P Global)

286. Week Ahead Economic Preview: Week of 11 October 2021

     08 October 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     The week ahead brings a busy economic calendar with inflation data due from the US and China plus GDP and labour market updates from the UK

287. Global auto makers suffer record underperformance amid supply chain delays

     07 October 2021 Chris Williamson

     Ten key charts on the global auto manufacturing sector

288. US sector data show economic growth slowing across consumer, tech and financial sectors

     05 October 2021 Jingyi Pan

     The latest S&P Global US Sector PMI™ indicated a slowdown in growth across four of the seven sectors tracked, led by the technology sector

289. Global manufacturing prices spike higher amid supply constraints, but demand pressures show signs of easing

     04 October 2021 Chris Williamson

     Manufacturing input costs rose at an accelerated rate in September, increasing at one of the sharpest rates seen over the past decade as supply...

290. Global manufacturing subdued by supply constraints, but pressures from Delta wave show signs of easing

     01 October 2021 Chris Williamson

     The pace of manufacturing output growth steadied in September after hitting the lowest for over a year in August, though was kept subdued by...

291. Week Ahead Economic Preview: Week of 4 October 2021

     01 October 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     Worldwide services PMIs will be in focus next week following the manufacturing PMI updates

292. Vietnam economy slump persists into September amid worsening supply constraints

     01 October 2021 Jingyi Pan

     Vietnam GDP contracted sharply in Q3, reflecting the COVID-19 hit to the economy, in line with early signals from the S&P Global Vietnam Manufacturing...

293. Understanding the headline PMI™ and its subindices

     28 September 2021

     Learn in-depth tips and background insights about Purchasing Managers Index from the experts who compile and analyse the survey data at S&P Global...

294. Developed world economies hit by slower growth and rising prices

     24 September 2021 Chris Williamson

     The rate of growth of the world's four largest developed economies deteriorated for a fourth month running in September, according to the flash...

295. Week Ahead Economic Preview: Week of 27 September 2021

     24 September 2021 Rajiv Biswas Jingyi Pan Chris Williamson

     September manufacturing PMIs will be released with the turn of the month next week while inflation updates are awaited from the US and eurozone...

296. UK Flash PMI sends stagflation warning as growth wanes but prices rise at record rate

     23 September 2021 Chris Williamson

     A fourth successive monthly slowing of business activity has taken the pace of expansion to its lowest since January’s lockdown, according to...

297. Eurozone flash PMI at five-month low as economy hit by bottlenecks and soaring prices

     23 September 2021 Chris Williamson

     September’s flash eurozone PMI highlighted an unwelcome combination of sharply slower economic growth and steeply rising prices

298. Understanding … headline PMI vs. subindices: how signals can be lost by focusing exclusively on the headline PMI

     21 September 2021 Chris Williamson

     The aggregation of different components into one headline ‘PMI’ indicator, designed as an overall barometer of business conditions, means a considerable...

299. Rising COVID-19 cases and supply chain disruptions overshadow Japan's Olympic Games boost

     20 September 2021 Usamah Bhatti

     The Japanese private sector reported a sharp deterioration in business conditions during August, with rising COVID-19 cases across the country...

300. Thailand: COVID-19 Delta Wave Disrupts Economic Recovery

     16 September 2021 Rajiv Biswas

     Thailand had considerable success in containing its domestic COVID-19 pandemic during 2020 and the first quarter of 2021

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