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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. Flash Japan PMI™ highlights further woes for global trade cycle

    24 January 2019 Joseph Hayes

    Flash Japan PMI™ highlights further woes for global trade cycle

    • Purchasing Managers’ Index (PMI)
  2. Businesses reveal growing uncertainty worldwide

    23 January 2019 David Owen

    Analysis of survey anecdotal evidence suggest that global business uncertainty spiked higher at the end of 2018.

    • Purchasing Managers’ Index (PMI)
  3. Investigating IHS Markit PMI™ and ISM divergences

    23 January 2019 Chris Williamson

    In this report, we look at the relationship between the two US surveys and the official data

    • Purchasing Managers’ Index (PMI)
  4. Brexit-exposed sectors in Ireland suffer as Brexit day approaches

    22 January 2019 Amritpal Virdee

    Brexit-exposed sectors in Ireland suffer as Brexit day approaches

    • Purchasing Managers’ Index (PMI)
  5. Week Ahead APAC Economic Preview: Week of 21 January 2019

    18 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 21 January 2019

    • Purchasing Managers’ Index (PMI)
  6. Eurozone flash PMI to provide ECB policy guidance at start of 2019

    17 January 2019 Chris Williamson

    Next week sees the release of flash Eurozone PMI data on the same day that the ECB's Governing Council meets to decide on monetary policy

    • Purchasing Managers’ Index (PMI)
  7. 'Gilets jaunes' protests hit output and labour market

    16 January 2019 Eliot Kerr

    December PMI data pointed to the first monthly contraction in French private sector output for two-and-a-half years

    • Purchasing Managers’ Index (PMI)
  8. Week Ahead APAC Economic Preview: Week of 14 January 2019

    14 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 14 January 2019

    • Purchasing Managers’ Index (PMI)
  9. Metals Users PMI points to falling world growth and lower prices in 2019

    14 January 2019 David Owen

    Global metal-using industries are suffering their steepest downturn since early-2016, according to December survey data.

    • Purchasing Managers’ Index (PMI)
  10. Vietnam GDP up strongly again in 2018 as manufacturing outperforms

    11 January 2019 Andrew Harker

    Vietnam's economy seems in a perfect position to defy signs of slowing demand elsewhere and thrive in the global economy

    • Purchasing Managers’ Index (PMI)
  11. Investment indicators fall into decline as global PMI hits 27-month low

    10 January 2019 Chris Williamson

    Demand for business machinery and equipment has slipped into decline to signal a reduced appetite for investment spending.

    • Purchasing Managers’ Index (PMI)
  12. Worldwide growth hits 27-month low in December

    09 January 2019 Chris Williamson

    The global economy ended 2018 on a disappointing note

    • Purchasing Managers’ Index (PMI)
  13. PMI signals positive end to 2018 for Japanese economy, but highlights risks ahead

    07 January 2019 Bernard Aw

    The latest Nikkei PMI data showed the Japanese economy enjoying resilient growth at the end of 2018

    • Purchasing Managers’ Index (PMI)
  14. Week Ahead APAC Economic Preview: Week of 7 January 2019

    04 January 2019 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 7 January 2019

    • Purchasing Managers’ Index (PMI)
  15. Efficiency losses across eurozone intensify at year end

    04 January 2019 Pollyanna De Lima

    The overall performance of eurozone private sector workers deteriorated to the greatest extent in 67 months at the end of 2018

    • Purchasing Managers’ Index (PMI)
  16. UK PMI surveys show growth running close to five-year lows at end of 2018

    04 January 2019 Chris Williamson

    The UK economy suffers one of its most disappointing expansions since early-2013.

    • Purchasing Managers’ Index (PMI)
  17. Global manufacturing PMI at 27-month low as business conditions worsen in one-in-three countries

    02 January 2019 Chris Williamson

    Global manufacturing growth fell to its weakest for over two years at the end of 2018.

    • Purchasing Managers’ Index (PMI)
  18. UK manufacturing buoyed by Brexit stockpiling

    02 January 2019 Chris Williamson

    UK manufacturing ended 2018 with business activity buoyed by companies ramping up their preparations for a disorderly Brexit.

    • Purchasing Managers’ Index (PMI)
  19. Eurozone flash PMI hits lowest for over four years in December

    17 December 2018 Chris Williamson

    The flash S&P Global Eurozone Composite PMI fell to its lowest since November 2014 in December

    • Purchasing Managers’ Index (PMI)
  20. IHS Markit US PMI signals GDP growth rate slowing close to 2.0% in December

    14 December 2018 Chris Williamson

    Flash PMI™ survey data from S&P Global show the US economy losing further growth momentum in December

    • Purchasing Managers’ Index (PMI)
  21. Week Ahead APAC Economic Preview: Week of 17 December 2018

    14 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 17 December 2018

    • Purchasing Managers’ Index (PMI)
  22. Global growth outlook blighted by weak trade flows

    12 December 2018 Chris Williamson

    Global business activity continued to expand at a relatively subdued pace in November

    • Purchasing Managers’ Index (PMI)
  23. Buoyant Brazil PMI data build on strong third quarter GDP figures

    12 December 2018 Pollyanna De Lima

    PMI numbers for October and November suggest that further momentum has been gained in the final quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  24. Widespread disruption in autos sector hits Czech economy

    12 December 2018 Sian Jones

    The wellbeing of the Czech goods producing sector has taken a turn for the worse in the latter stages of 2018

    • Purchasing Managers’ Index (PMI)
  25. UK GDP data add to signs of economy's renewed weakness after strong summer

    10 December 2018 Chris Williamson

    The underlying pace of economic growth slowed at the start of the fourth quarter, according to the latest official data.

    • Purchasing Managers’ Index (PMI)
  26. Week Ahead APAC Economic Preview: Week of 10 December 2018

    07 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 10 December 2018

    • Purchasing Managers’ Index (PMI)
  27. PMI suggests Italy to enter technical recession in fourth quarter

    07 December 2018 Joseph Hayes

    According to the November PMI, Italian private sector output declined at the sharpest pace in five years

    • Purchasing Managers’ Index (PMI)
  28. Eurozone productivity slips at quickest rate in five-and-a-half years as efficiency loss in manufacturing intensifies

    07 December 2018 Pollyanna De Lima

    November data pointed to a third successive month of efficiency loss across the eurozone.

    • Purchasing Managers’ Index (PMI)
  29. Global PMI lifts further from two-year low but outlook blighted by weak order books

    06 December 2018 Chris Williamson

    Global business activity grew at a marginally improved pace for a second successive month in November.

    • Purchasing Managers’ Index (PMI)
  30. Eurozone: Q4 2018 GDP Nowcasts

    05 December 2018 Paul Smith, Ph.D.

    Eurozone economy growing at underlying rate of 0.3% in Q4 2018

    • Purchasing Managers’ Index (PMI)
  31. All-sector UK PMI indicates flatlining economy in November

    05 December 2018 Chris Williamson

    PMI surveys showed UK business activity growing at a sharply reduced rate in November

    • Purchasing Managers’ Index (PMI)
  32. PMI surveys signal Chinese services lead business activity

    05 December 2018 Bernard Aw

    PMI surveys signal Chinese services lead business activity

    • Purchasing Managers’ Index (PMI)
  33. Japan PMI points to resilient economic growth despite waning post-typhoon demand

    05 December 2018 Bernard Aw

    The Japanese economy continued to enjoy steady growth midway through the closing quarter of 2018, suggesting the economy will rebound after a...

    • Purchasing Managers’ Index (PMI)
  34. Week Ahead APAC Economic Preview: Week of 3 December 2018

    03 December 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 3 December 2018

    • Purchasing Managers’ Index (PMI)
  35. Global manufacturing PMI holds at two-year low as world exports fall for third month running

    03 December 2018 Chris Williamson

    Global manufacturing growth was unchanged from October's 23-month low in November

    • Purchasing Managers’ Index (PMI)
  36. UK Manufacturing PMI subdued by export decline and rising Brexit worries

    03 December 2018 Chris Williamson

    A rise in the UK Manufacturing PMI in November is welcome news, but the PMI continues to signal an increased risk of a downturn.

    • Purchasing Managers’ Index (PMI)
  37. US manufacturers anticipate widespread tariff-based price impact

    30 November 2018 Chris Williamson

    Survey data indicate that US manufacturers expect tariffs to have a widespread upward impact on prices over the next two years.

    • Purchasing Managers’ Index (PMI)
  38. Manufacturers anticipate widespread tariff-based price impact

    30 November 2018 Chris Williamson

    Manufacturers anticipate widespread tariff-based price impact

  39. Week Ahead Economic Preview: Week of 26 November 2018

    26 November 2018 Chris Williamson

    The coming week sees the FOMC minutes and updated estimates to GDP for the US, Italy and France, as well as the Euro area’s flash inflation numbers....

    • Purchasing Managers’ Index (PMI)
  40. November flash US PMI signals solid GDP and jobs growth

    23 November 2018 Chris Williamson

    The November flash S&P Global PMI surveys brought further evidence that the US economy is enjoying a strong fourth quarter

    • Purchasing Managers’ Index (PMI)
  41. Eurozone economy's downside risks mount as flash PMI hits four-year low

    23 November 2018 Chris Williamson

    The latest flash PMI survey data revealed a cooling of Eurozone business growth to a four-year low.

    • Purchasing Managers’ Index (PMI)
  42. Week Ahead APAC Economic Preview: Week of 26 November 2018

    23 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 26 November 2018

    • Purchasing Managers’ Index (PMI)
  43. European PMIs and Monetary Policy

    22 November 2018 Paul Smith, Ph.D. Joseph Hayes

    PMI-based models aid understanding of monetary policy decisions

    • Purchasing Managers’ Index (PMI)
  44. UK business outlook gloomiest since 2009 as Brexit worries mount

    21 November 2018 Chris Williamson

    S&P Global's Global Business Outlook survey reveals marked drop in UK business confidence to lowest since the global financial crisis

    • Purchasing Managers’ Index (PMI)
  45. Week Ahead APAC Economic Preview: Week of 19 November 2018

    19 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 19 November 2018

    • Purchasing Managers’ Index (PMI)
  46. Week Ahead Economic Preview: Week of 19 November 2018

    16 November 2018 Chris Williamson

    The release of flash PMI surveys in the coming week will provide important steers for the economic performance of major economies midway through...

    • Purchasing Managers’ Index (PMI)
  47. IHS Markit US PMI indicates strong start to fourth quarter

    14 November 2018 Chris Williamson

    S&P Global US PMI indicates strong start to fourth quarter

    • Purchasing Managers’ Index (PMI)
  48. IHS Markit US PMI selling price index remains near record high

    14 November 2018 Chris Williamson

    S&P Global US PMI selling price index remains near record high

    • Purchasing Managers’ Index (PMI)
  49. Emerging Markets: Sub-Saharan Africa feels strain at start of fourth quarter

    13 November 2018 Andrew Harker

    Sub-Saharan African economies have seen growth slow in recent months

    • Purchasing Managers’ Index (PMI)
  50. Week Ahead Economic Preview: Week of 12 November 2018

    12 November 2018 Chris Williamson

    UK data updates to employment, wage, inflation and retail sales data will be eyed to ascertain the economy's resilience in the face of intensifying...

    • Purchasing Managers’ Index (PMI)
  51. Week Ahead APAC Economic Preview: Week of 12 November 2018

    09 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 12 November 2018

    • Purchasing Managers’ Index (PMI)
  52. Trade downturn keeps global growth close to two-year low

    09 November 2018 Chris Williamson

    Global business activity grew at a marginally improved rate in October, but remained close to September's two-year low

    • Purchasing Managers’ Index (PMI)
  53. Widespread contraction in eurozone productivity at start of fourth quarter

    07 November 2018 Pollyanna De Lima

    Widespread contraction in eurozone productivity at start of fourth quarter

    • Purchasing Managers’ Index (PMI)
  54. Global PMI holds close to two-year low on weak Europe and China growth

    06 November 2018 Chris Williamson

    Global business activity grew at a marginally improved rate in October.

    • Purchasing Managers’ Index (PMI)
  55. Japan PMI shows post-typhoon demand lifts output while input costs at 10-year high

    05 November 2018 Bernard Aw

    Japan PMI shows post-typhoon demand lifts output while input costs at 10-year high

    • Purchasing Managers’ Index (PMI)
  56. China PMI surveys signal business activity growth at weakest in two years

    05 November 2018 Bernard Aw

    China PMI surveys signal business activity growth at weakest in two years

  57. October UK PMI surveys indicate sharp slowing in economy

    05 November 2018 Chris Williamson

    PMI surveys showed UK business activity growing at a sharply reduced rate in October.

    • Purchasing Managers’ Index (PMI)
  58. Week Ahead Economic Preview: Week of 5 November 2018

    02 November 2018 Chris Williamson

    Next week’s economic diary is a busy one, including the US FOMC meeting and the worldwide release of October services PMI surveys.

    • Purchasing Managers’ Index (PMI)
  59. Week Ahead APAC Economic Preview: Week of 5 November 2018

    02 November 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 5 November 2018

    • Purchasing Managers’ Index (PMI)
  60. Indonesia manufacturing PMI points to softer demand conditions at start of Q4

    01 November 2018 Bernard Aw

    Indonesia manufacturing PMI points to softer demand conditions at start of Q4

    • Purchasing Managers’ Index (PMI)
  61. UK Manufacturing PMI at 27-month low raising risks of factory downturn

    01 November 2018 Chris Williamson

    Manufacturers reported a disappointing start to the fourth quarter, registering the weakest monthly growth since the Brexit vote.

    • Purchasing Managers’ Index (PMI)
  62. Week Ahead APAC Economic Preview: Week of 29 October 2018

    26 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 29 October 2018

    • Purchasing Managers’ Index (PMI)
  63. Week Ahead Economic Preview: Week of 29 October 2018

    26 October 2018 Chris Williamson

    The worldwide release of October manufacturing PMI surveys will be a highlight in the coming week.

    • Purchasing Managers’ Index (PMI)
  64. Trade-led slowdown pushes flash Eurozone PMI to two-year low at start of fourth quarter

    25 October 2018 Chris Williamson

    Trade-led slowdown pushes flash Eurozone PMI to two-year low at start of fourth quarter

    • Purchasing Managers’ Index (PMI)
  65. Week Ahead APAC Economic Preview: Week of 22 October 2018

    19 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 22 October 2018

    • Purchasing Managers’ Index (PMI)
  66. Week Ahead Economic Preview: Week of 22 October 2018

    19 October 2018 Chris Williamson

    Flash PMI data will be scoured for signals of economic performance at the start of the final quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  67. PMI data largely skewed to the downside for "vulnerable" emerging markets

    16 October 2018 Joseph Hayes Andrew Harker

    Rising interest rates in the US are putting pressure on currencies in emerging markets.

    • Purchasing Managers’ Index (PMI)
  68. Week Ahead APAC Economic Preview: Week of 15 October 2018

    12 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 15 October 2018

    • Purchasing Managers’ Index (PMI)
  69. Trade downturn pushes global growth to two-year low

    10 October 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

    • Purchasing Managers’ Index (PMI)
  70. Global growth and optimism slide to two-year lows, but prices rise at record rate

    08 October 2018 Chris Williamson

    Global economic growth moderated to a two-year low in September in a broad-based slowdown, according to the latest PMI surveys.

    • Purchasing Managers’ Index (PMI)
  71. PMI data signal weakest EU automotive sector growth for almost four years

    08 October 2018 Sian Jones

    Manufacturers in the automotive industry experienced the weakest output growth for almost four years in the third quarter of 2018.

    • Purchasing Managers’ Index (PMI)
  72. China PMI data points to resilient growth, but also highlight risks to future expansion

    08 October 2018 Bernard Aw

    China PMI data points to resilient growth, but also highlight risks to future expansion

    • Purchasing Managers’ Index (PMI)
  73. Week Ahead APAC Economic Preview: Week of 8 October 2018

    05 October 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 8 October 2018

    • Purchasing Managers’ Index (PMI)
  74. Building a synthetic longer history to the IHS Markit US Manufacturing PMI

    04 October 2018 Chris Williamson

    Although the more accurate S&P Global PMI extends back over a decade to early-2007, the ISM data extend back to the 1950s.

    • Purchasing Managers’ Index (PMI)
  75. US economy slows and prices spike higher amid signs of capacity constraints

    04 October 2018 Chris Williamson

    September PMI survey data added to signs that the US economy expanded at a slower, but still solid, rate in Q3

    • Purchasing Managers’ Index (PMI)
  76. Japan PMI at two-year low signals softer output growth

    03 October 2018 Bernard Aw

    Japan PMI at two-year low signals softer output growth

  77. PMI surveys show UK economy enjoying robust growth up to September

    03 October 2018 Chris Williamson

    PMI data showed business activity rising in September, albeit with the rate of growth cooling to the second-lowest since April.

    • Purchasing Managers’ Index (PMI)
  78. Eurozone PMI signals solid third quarter but growth near two-year low in September

    03 October 2018 Chris Williamson

    Eurozone PMI data showed growth slowing to a near-two year low in September.

    • Purchasing Managers’ Index (PMI)
  79. World exports fall for first time in over two years

    01 October 2018 Chris Williamson

    Worldwide manufacturers reported the first fall in global export orders for over two years in September.

    • Purchasing Managers’ Index (PMI)
  80. Week Ahead APAC Economic Preview: Week of 1 October 2018

    28 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 1 October 2018

  81. Week Ahead APAC Economic Preview: Week of 24 September 2018

    24 September 2018 Bernard Aw Chris Williamson Rajiv Biswas

    Week Ahead APAC Economic Preview: Week of 24 September 2018

  82. Copper end-use PMI data indicate prices set to stabilise over Q4 2018

    18 September 2018 Sam Teague

    Latest survey data indicate that demand and supply fundamentals currently support a stabilisation in copper prices.

    • Purchasing Managers’ Index (PMI)
  83. US manufacturing surveys send diverging signals

    18 September 2018 Chris Williamson

    Different surveys offer differing views on the health of the US manufacturing economy.

    • Purchasing Managers’ Index (PMI)
  84. Week Ahead APAC Economic Preview: Week of 17 September 2018

    17 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 17 September 2018

    • Purchasing Managers’ Index (PMI)
  85. Global Economic Preview: Week of 17 September 2018

    14 September 2018 Chris Williamson

    S&P Global flash PMI surveys will provide early insights into the performance of major economies at the end of the third quarter, in a week in...

    • Purchasing Managers’ Index (PMI)
  86. South Korean exporters face headwinds amid slowing global growth

    14 September 2018 Joseph Hayes

    Weaker expansion in global goods-producing sector has strong implications for South Korean exporters.

    • Purchasing Managers’ Index (PMI)
  87. Global growth near two-year low as trade flows stagnate

    11 September 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation.

    • Purchasing Managers’ Index (PMI)
  88. Fall in the Myanmar kyat sparks import-driven inflation

    10 September 2018 Sian Jones

    Throughout most of 2018, the Myanmar kyat has depreciated rapidly against key currencies.

    • Purchasing Managers’ Index (PMI)
  89. Global growth close to two-year low in broadening slowdown

    10 September 2018 Chris Williamson

    Global economic growth edged lower in August, according to the latest PMI surveys, down to its second-weakest for nearly two years

    • Purchasing Managers’ Index (PMI)
  90. Global Economic Preview: Week of 10 September 2018

    07 September 2018 Chris Williamson

    Highlights of the week include European Central Bank and Bank of England monetary policy meetings, the latter coming on the heels of updated...

    • Purchasing Managers’ Index (PMI)
  91. Week Ahead APAC Economic Preview: Week of 10 September 2018

    07 September 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Our special focus this week looks at the ASEAN region and its rise as a manufacturing hub.

    • Purchasing Managers’ Index (PMI)
  92. Stalling of eurozone productivity stretches to August

    06 September 2018 Pollyanna De Lima

    Workforce efficiency in the euro area worsened marginally for the fifth month running in August.

    • Purchasing Managers’ Index (PMI)
  93. Nikkei Japan PMI signals steady expansion in August, but costs still elevated

    06 September 2018 Bernard Aw

    Nikkei PMI data indicated that the Japanese economy continued to expand in August.

    • Purchasing Managers’ Index (PMI)
  94. August PMI surveys highlight uneven pattern of Eurozone growth and inflation

    06 September 2018 Chris Williamson

    The Eurozone PMI shows the recent run of robust growth of business activity, new orders and employment extending into August.

    • Purchasing Managers’ Index (PMI)
  95. Faster service sector growth keeps UK economy on course for 0.4% Q3 GDP rise

    05 September 2018 Chris Williamson

    PMI survey data showing faster service sector growth in August come as much-needed welcome news.

    • Purchasing Managers’ Index (PMI)
  96. Global manufacturing PMI at 21-month low as world exports stagnate

    05 September 2018 Chris Williamson

    Worldwide manufacturers reported the weakest expansion since November 2016, with near-stagnant exports continuing to act as a drag

    • Purchasing Managers’ Index (PMI)
  97. China PMI surveys point to slower growth momentum and weakening demand

    05 September 2018 Bernard Aw

    The Chinese economy lost some momentum midway through the third quarter amid signs of softer client demand.

    • Purchasing Managers’ Index (PMI)
  98. UK manufacturing sector growth slows amid steepest export decline since 2014

    03 September 2018 Chris Williamson

    UK manufacturing output growth waned in August to its lowest since March 2017.

    • Purchasing Managers’ Index (PMI)
  99. Malaysia manufacturing PMI hints at Q3 upturn after slower Q2

    03 September 2018 Bernard Aw

    The latest PMI data set the scene for Malaysia’s manufacturing sector to see its strongest quarterly performance since late-2014.

    • Purchasing Managers’ Index (PMI)
  100. Global Economic Preview: Week of 3 September 2018

    31 August 2018 Chris Williamson

    Highlights of the coming week include the global release of August PMI data, adding further insight into worldwide economic growth, hiring and...

    • Purchasing Managers’ Index (PMI)
  101. Week Ahead APAC Economic Preview: Week of 3 September 2018

    31 August 2018 Bernard Aw Chris Williamson Rajiv Biswas

    Week Ahead APAC Economic Preview: Week of 3 September 2018

  102. Global Economic Preview: Week of 27 August 2018

    24 August 2018 Chris Williamson

    The coming week sees US second quarter GDP and consumer expenditure numbers, including closely-watched price indices, with France, Italy, India...

    • Purchasing Managers’ Index (PMI)
  103. Flash Eurozone PMI signals steady expansion but optimism hits two-year low

    24 August 2018 Chris Williamson

    Flash PMI survey data indicated that the eurozone economy continued to grow in August.

    • Purchasing Managers’ Index (PMI)
  104. Week Ahead APAC Economic Preview: Week of 27 August 2018

    24 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 27 August 2018

  105. Flash Japan manufacturing PMI signals export weakness and a fall in optimism

    23 August 2018 Bernard Aw

    The August flash PMI data indicated that Japan’s manufacturing sector continued to expand midway through the third quarter. However, the survey...

    • Purchasing Managers’ Index (PMI)
  106. Week Ahead Economic Preview: Week of 20 August 2018

    17 August 2018 Chris Williamson

    Flash PMI surveys will be a feature of the week, highlighting how Japan, the US and Eurozone are faring midway through Q3.

    • Purchasing Managers’ Index (PMI)
  107. Week Ahead APAC Economic Preview: Week of 20 August 2018

    17 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead APAC Economic Preview: Week of 20 August 2018

  108. Service sector helps keep Russian economy growing as manufacturing fades

    16 August 2018 Sian Jones

    The recent football World Cup in Russia has provided a boost to the Russian economy.

    • Purchasing Managers’ Index (PMI)
  109. US manufacturing growth trend slips in July, in line with PMI survey

    16 August 2018 Chris Williamson

    Manufacturing continued to expand in July, but the underlying trend has shown signs of weakening.

    • Purchasing Managers’ Index (PMI)
  110. UK inflation ticks higher in July

    15 August 2018 Chris Williamson

    Consumer price inflation ticked higher to 2.5% in July, according to the Office for National Statistics.

    • Purchasing Managers’ Index (PMI)
  111. Official Japan GDP data corroborate PMI signal of steady Q2 growth

    14 August 2018 Chris Williamson

    Japanese economic growth rebounded in the second quarter, allying fears of a bout of renewed economic malaise.

    • Purchasing Managers’ Index (PMI)
  112. UK pay growth weakens despite further drop in unemployment

    14 August 2018 Chris Williamson

    The latest labour market data show low unemployment once again failing to stimulate faster pay growth.

    • Purchasing Managers’ Index (PMI)
  113. Week Ahead Asia Pacific Economic Preview: Week of 13 August 2018

    13 August 2018 Rajiv Biswas Chris Williamson Bernard Aw

    Week Ahead Asia Pacific Economic Preview: Week of 13 August 2018

  114. Week Ahead Economic Preview: Week of 13 August 2018

    10 August 2018 Chris Williamson

    The week ahead sees important official data updates to the health of the US and China economies at the start of the third quarter.

    • Purchasing Managers’ Index (PMI)
  115. Global growth cools at start of Q3 amid survey-record price rise

    10 August 2018 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation.

    • Purchasing Managers’ Index (PMI)
  116. UK economy rebounds in second quarter, but shows signs of losing momentum

    10 August 2018 Chris Williamson

    The UK economy rebounded from a weak start to the year in the second quarter, according to official data.

    • Purchasing Managers’ Index (PMI)
  117. China PMI surveys point to steady economic expansion but rising growth risks

    07 August 2018 Bernard Aw

    Chinese economic growth remained relatively stable at the start of the third quarter, according to the latest Caixin PMI survey data.

    • Purchasing Managers’ Index (PMI)
  118. Week Ahead Asia-Pacific Economic Preview: Week of 6 August 2018

    07 August 2018 Rajiv Biswas Paul Smith, Ph.D. Bernard Aw

    This note also includes a special feature on the Indian economy.

    • Purchasing Managers’ Index (PMI)
  119. Nikkei Japan PMI signals weaker growth at start of third quarter, but prices spike higher

    06 August 2018 Bernard Aw

    PMI data indicated that the Japanese economy expanded at the start of the third quarter, but the pace of growth lost momentum.

    • Purchasing Managers’ Index (PMI)
  120. Economic Review: Week of 30 July 2018

    27 July 2018 Chris Williamson

    A busy week sees important central bank meetings in the US, Japan and the UK, as well as India and Brazil. Major data releases include the worldwide...

    • Purchasing Managers’ Index (PMI)
  121. Eurozone PMI and predicting economic growth

    25 July 2018 Paul Smith, Ph.D.

    In this research paper, we showcase the power of the PMI in tracking quarterly changes in Eurozone GDP.

    • Purchasing Managers’ Index (PMI)
  122. US Flash PMI surveys point to strong start to third quarter, but prices spike higher

    25 July 2018 Chris Williamson

    The July flash PMI survey data indicated that the US economy sustained strong growth momentum.

    • Purchasing Managers’ Index (PMI)
  123. Flash Eurozone PMI signals weaker growth trend at start of third quarter

    25 July 2018 Chris Williamson

    Flash PMI survey data indicated that the eurozone economy expanded at the start of the third quarter, but the pace of growth lost momentum again...

    • Purchasing Managers’ Index (PMI)
  124. Economic Review - Week of 23 July 2018

    20 July 2018 Chris Williamson

    The release of flash PMI data for July will add clues as to global economic growth trends as we move into the second half of 2018, and will be...

    • Purchasing Managers’ Index (PMI)
  125. Official data confirm solid second quarter for US manufacturing, but outlook clouded by tariff and price worries

    19 July 2018 Chris Williamson

    Official data confirmed the survey data signal that US manufacturing output growth picked up in the second quarter.

    • Purchasing Managers’ Index (PMI)
  126. UK survey data suggest that pay and prices to rise at faster rates

    19 July 2018 Annabel Fiddes

    Latest official data regarding employee earnings and inflation have both come in under forecasts, but survey data suggest that pay and price...

    • Purchasing Managers’ Index (PMI)
  127. Economic Review - Week of 16 July 2018

    13 July 2018 Chris Williamson

    A week that kicks off with the findings from the largest global survey of business expectations also sees important data releases for the US...

    • Purchasing Managers’ Index (PMI)
  128. Monthly Global Review July 2018

    10 July 2018 Chris Williamson

    Monthly Global Review

    • Purchasing Managers’ Index (PMI)
  129. Monthly Global Review

    10 July 2018 Chris Williamson

    Monthly Global Review

  130. Economic Review - Week of 9 July 2018

    08 July 2018 Chris Williamson

    Some of the highlights of the week ahead include fresh official data on economic growth trends in the UK and Eurozone as policymakers look for...

    • Purchasing Managers’ Index (PMI)
  131. Eurozone productivity broadly stabilises in June

    05 July 2018 Pollyanna De Lima

    Eurozone productivity broadly stabilised in June as expansion in the service sector partially offset deterioration at goods producers.

    • Purchasing Managers’ Index (PMI)
  132. Nikkei PMI data point to stronger growth in second quarter

    04 July 2018 Bernard Aw

    The Japanese economy end the second quarter on a stronger note, according to Nikkei PMI surveys, with other survey indicators suggesting economic...

    • Purchasing Managers’ Index (PMI)
  133. Caixin China PMI surveys signal steady economic growth but rising prices

    04 July 2018 Bernard Aw

    The steady expansion of China’s economy was sustained at the end of the second quarter, according to the latest Caixin PMI surveys, but the upturn...

    • Purchasing Managers’ Index (PMI)
  134. Stronger UK service sector adds to signs of second quarter rebound

    04 July 2018 Chris Williamson

    June’s UK PMI surveys indicated a strong end to the second quarter.

    • Purchasing Managers’ Index (PMI)
  135. Italy PMI improves in June, but remains suggestive of only slight rise in Q2 GDP

    04 July 2018

    Latest Italian PMI data indicated an improvement in business activity growth during June.

    • Purchasing Managers’ Index (PMI)
  136. Near-stagnant exports push global manufacturing PMI to 11-month low

    03 July 2018 Chris Williamson

    Worldwide manufacturers reported the weakest rise in export orders for two years in June, contributing to the slowest improvement in business...

    • Purchasing Managers’ Index (PMI)
  137. Survey data point to weakest quarter since end of 2016

    02 July 2018 Bernard Aw

    Business conditions in Malaysia’s manufacturing sector deteriorated further during June, according to latest Nikkei surveys, rounding off the...

    • Purchasing Managers’ Index (PMI)
  138. Economic Preview - Week of 2 July 2018

    29 June 2018 Chris Williamson

    The coming week sees important data releases which include worldwide PMI surveys and US employment numbers. Policy highlights include the Reserve...

    • Purchasing Managers’ Index (PMI)
  139. Economic Preview - Week of 2 July 2018

    29 June 2018 Chris Williamson

    The coming week sees important data releases which include worldwide PMI surveys and US employment numbers.

    • Purchasing Managers’ Index (PMI)
  140. IHS Markit US PMI survey signals weakening manufacturing trend

    25 June 2018 Chris Williamson

    An overall solid performance of the US economy in June masks a slowdown trend in manufacturing.

    • Purchasing Managers’ Index (PMI)
  141. Economic Preview - Week of 25 June 2018

    22 June 2018 Chris Williamson

    The coming week sees GDP updates for the US and UK as well as a policy meeting in New Zealand. Besides data releases, the EU/UK Brexit summit...

    • Purchasing Managers’ Index (PMI)
  142. IHS Markit PMI surveys signal further 190k non-farm payroll gain in June

    22 June 2018 Chris Williamson

    S&P Global’s PMI surveys signal another bumper month of employment growth in June.

    • Purchasing Managers’ Index (PMI)
  143. Flash Eurozone PMI signals 0.5% GDP rise in Q2, but also hints at weakening trend

    22 June 2018 Chris Williamson

    Flash PMI survey data for June showed business activity regaining some momentum.

    • Purchasing Managers’ Index (PMI)
  144. Flash PMI points to firmer growth of Japanese manufacturing despite export decline

    22 June 2018 Bernard Aw

    Japan manufacturing continued to enjoy robust growth in June, but there were further signs of easing demand, especially in export markets, calling...

    • Purchasing Managers’ Index (PMI)
  145. PMI data indicate headwinds to copper prices

    21 June 2018 Sam Teague

    Copper prices rose markedly in the first two weeks of June on the back of supply shortage fears and bullish price speculation.

    • Purchasing Managers’ Index (PMI)
  146. Economic Preview - Week of 18 June 2018

    19 June 2018 Chris Williamson

    The week sees key monetary policy meetings in the UK and Brazil, which lead up to the release of flash PMI surveys for the Eurozone, US and Japan....

    • Purchasing Managers’ Index (PMI)
  147. Economic Preview - Week of 18 June 2018

    19 June 2018 Chris Williamson

    The week sees key monetary policy meetings in the UK and Brazil, which lead up to the release of flash PMI surveys.

    • Purchasing Managers’ Index (PMI)
  148. Zambian private sector makes solid recovery after recent cholera outbreak

    18 June 2018 Gabriella Dickens

    Growth in the Zambian economy has regained momentum during the second quarter so far.

    • Purchasing Managers’ Index (PMI)
  149. Irish economy rebounds following Storm Emma disruption

    18 June 2018 Andrew Harker

    Irish economy rebounds following Storm Emma disruption

    • Purchasing Managers’ Index (PMI)
  150. Official production data likely overstate eurozone manufacturing soft patch

    14 June 2018 Chris Williamson

    Survey and official data have diverged in terms of the health of the euro area manufacturing sector.

    • Purchasing Managers’ Index (PMI)
  151. Monthly PMI Overview June 2018

    12 June 2018 Chris Williamson

    Monthly PMI Overview June 2018

  152. May sees deterioration in eurozone workforce efficiency

    12 June 2018 Pollyanna De Lima

    May sees deterioration in eurozone workforce efficiency

    • Purchasing Managers’ Index (PMI)
  153. Economic Preview - Week of 11 June 2018

    11 June 2018 Chris Williamson

    The coming week sees monetary policy meetings at the US Federal Reserve, ECB and Bank of Japan.

    • Purchasing Managers’ Index (PMI)
  154. Basic Materials sector shows signs of a pick-up through 2018

    08 June 2018 Sian Jones

    Goods producers in the US basic materials sector have signalled signs of recovery from weaker demand conditions seen at the start of the year....

    • Purchasing Managers’ Index (PMI)
  155. Reserve Bank of India surprises with pre-emptive rate hike

    08 June 2018 Bernard Aw

    The Reserve Bank of India raised the policy rate for the first time in nearly four-and-a-half years at the June meeting. Future action will depend...

    • Purchasing Managers’ Index (PMI)
  156. UK pay growth hits three-year high as employers fight to fill vacancies

    08 June 2018 Chris Williamson

    Average salaries awarded to candidates taking up new jobs rose at the fastest rate for three years in May in a further sign that the tightening...

    • Purchasing Managers’ Index (PMI)
  157. South Korea PMI signals manufacturing slowdown

    07 June 2018 Bernard Aw

    Business conditions in South Korea’s manufacturing sector deteriorated further in May, according to the Nikkei PMI surveys, setting the scene...

    • Purchasing Managers’ Index (PMI)
  158. US takes lead in global expansion

    07 June 2018 Chris Williamson

    US takes lead in global expansion

    • Purchasing Managers’ Index (PMI)
  159. Caixin PMI surveys point to steady economic growth despite export decline

    05 June 2018 Bernard Aw

    China’s economy maintained a steady momentum midway through the second quarter, according to the latest Caixin PMI surveys.

    • Purchasing Managers’ Index (PMI)
  160. Global auto industry accelerates in April

    05 June 2018

    Following marginal growth in March, a solid expansion in output was registered in the global automobile manufacturing sector during April.

  161. UK PMI recovers to five-month high in May, but rebound lacks conviction

    05 June 2018 Chris Williamson

    Business activity rose to the greatest extent recorded so far this year in May, though forward-looking indicators suggest growth could deteriorate....

    • Purchasing Managers’ Index (PMI)
  162. Nikkei Japan PMI data point to cooling growth in May

    05 June 2018 Bernard Aw

    After a solid start to the second quarter, the Japanese economy expanded at a slower rate in May.

    • Purchasing Managers’ Index (PMI)
  163. Nikkei Indonesia PMI points to faster growth, but also higher cost pressures

    04 June 2018 Bernard Aw

    Growth in the Indonesian manufacturing sector picked up slightly midway through the second quarter, according to the Nikkei PMI surveys, setting...

    • Purchasing Managers’ Index (PMI)
  164. UK construction growth on shaky foundations as sentiment slides and orders fall

    04 June 2018 Chris Williamson

    UK construction activity increased in May, but growth looks set to lose momentum in coming months.

    • Purchasing Managers’ Index (PMI)
  165. Economic Preview - Week of 4 June 2018

    01 June 2018 Chris Williamson

    Business survey data for May will provide indications of global and national economic trends midway through the second quarter, with UK data...

    • Purchasing Managers’ Index (PMI)
  166. Global Manufacturing PMI at nine-month low amid near-stagnation of worldwide exports

    01 June 2018 Chris Williamson

    Global Manufacturing PMI at nine-month low amid near-stagnation of worldwide exports

  167. Economic Preview - Week of 4 June 2018

    01 June 2018 Chris Williamson

    Business survey data for May will provide indications of global and national economic trends midway through the second quarter.

    • Purchasing Managers’ Index (PMI)
  168. Order book and production divergence hints at extended eurozone manufacturing soft patch

    01 June 2018 Chris Williamson

    The eurozone manufacturing sector reported its slowest expansion for 15 months in May, according to the final PMI data.

  169. UK Manufacturing PMI stages unconvincing rebound in May

    01 June 2018 Chris Williamson

    UK Manufacturing PMI stages unconvincing rebound in May

  170. Economic Preview - Week of 28 May 2018

    25 May 2018 Chris Williamson

    Upcoming manufacturing PMI surveys will give a guide to global economic trends halfway through the second quarter.

    • Purchasing Managers’ Index (PMI)
  171. IHS Markit US manufacturing PMI survey shows price pressures building amid capacity constraints

    23 May 2018 Chris Williamson

    S&P Global’s ‘flash’ manufacturing PMI survey indicated further robust output growth and strong hiring momentum during May.

    • Purchasing Managers’ Index (PMI)
  172. Flash PMI at nine-month low to signal weaker growth of Japanese manufacturing

    23 May 2018 Bernard Aw

    Flash PMI at nine-month low to signal weaker growth of Japanese manufacturing

  173. Malaysia PMI suggests further loss of momentum after a slow start to 2018

    21 May 2018 Bernard Aw

    The Malaysian economy grew at a slower pace in the opening quarter of 2018, in line with advance signals from business surveys.

    • Purchasing Managers’ Index (PMI)
  174. Week Ahead Economic Preview ­- May 21-25

    18 May 2018 Chris Williamson

    The week sees a range of data that will add to views on policy decisions at major central banks.

    • Purchasing Managers’ Index (PMI)
  175. Vietnam makes progress towards achieving economic plans

    18 May 2018 Andrew Harker

    Vietnam makes progress towards achieving economic plans

  176. Economic Preview - Week of 21 May 2018

    18 May 2018 Chris Williamson

    The week sees a range of data that will add to views on policy decisions at major central banks.

    • Purchasing Managers’ Index (PMI)
  177. Survey data point to Japan's economy gaining strength after disappointing Q1 GDP

    16 May 2018 Bernard Aw

    The Japanese economy shrank in the first three months of 2018, according to the preliminary estimate of gross domestic product.

    • Purchasing Managers’ Index (PMI)
  178. PMI signals headwind to aluminium prices

    15 May 2018 Sam Teague

    Survey data suggest that subdued demand growth at aluminium-using firms worldwide presents a downside risk for prices.

    • Purchasing Managers’ Index (PMI)
  179. PMI data eyed for clues of potential second quarter Eurozone GDP rebound

    15 May 2018 Chris Williamson

    New GDP estimates add further confirmation to the slowing of the Eurozone economy in early 2018.

    • Purchasing Managers’ Index (PMI)
  180. April PMI signals improving demand as India economy recovers from twin shocks

    14 May 2018

    India’s economic performance accelerated to the strongest in three months at the start of the second quarter.

    • Purchasing Managers’ Index (PMI)
  181. IHS Markit US PMI surveys indicate price pressures at highest since mid-2011

    14 May 2018 Chris Williamson

    S&P Global US PMI surveys indicate price pressures at highest since mid-2011

    • Purchasing Managers’ Index (PMI)
  182. Monthly PMI Overview May 2018

    10 May 2018 Chris Williamson

    Monthly PMI Overview

    • Purchasing Managers’ Index (PMI)
  183. Survey data in spotlight as Bank of England holds interest rates

    10 May 2018 Chris Williamson

    The Bank of England left interest rates unchanged at the Monetary Policy Committee's May meeting.

    • Purchasing Managers’ Index (PMI)
  184. Monthly PMI Overview

    10 May 2018 Chris Williamson

    Monthly PMI Overview

  185. Chinese economic growth stymied in April by falling exports

    04 May 2018 Bernard Aw

    Chinese economic growth stymied in April by falling exports

    • Purchasing Managers’ Index (PMI)
  186. Eurozone productivity stagnates during April

    04 May 2018 Pollyanna De Lima

    Total productivity in the euro area was broadly unchanged in April, thereby ending a 58-month period of uninterrupted growth.

    • Purchasing Managers’ Index (PMI)
  187. Muted PMI leaves global economy in lower gear

    04 May 2018 Chris Williamson

    After a brief spell of excitement at the start of the year, PMI survey data indicate that global economic growth has settled into a lower (but...

    • Purchasing Managers’ Index (PMI)
  188. PMI rises to six-month high as Japan's economic upturn regains momentum

    03 May 2018 Bernard Aw

    The Japanese economy expanded at the strongest rate for six months at the start of the second quarter, according to PMI data.

    • Purchasing Managers’ Index (PMI)
  189. Muted UK PMI rebound indicates tepid economic growth at start of second quarter

    03 May 2018 Chris Williamson

    Business activity picked up only modestly in April after being disrupted by heavy snowfall in March.

    • Purchasing Managers’ Index (PMI)
  190. Malaysian manufacturing growth weakens but optimism hits multi-year high

    02 May 2018 Bernard Aw

    Latest survey data indicate that the health of Malaysia's manufacturing economy weakened further at the start of the second quarter.

    • Purchasing Managers’ Index (PMI)
  191. Global manufacturing PMI subdued by slowdown in global trade

    02 May 2018 Chris Williamson

    PMI survey data show global manufacturing managed only a modest rebound in April.

    • Purchasing Managers’ Index (PMI)
  192. Indonesia manufacturing growth picks up but future worries hit five-year high

    02 May 2018 Bernard Aw

    Indonesia’s manufacturing economy picked up pace at the beginning of the second quarter, building on the positive start to the year.

    • Purchasing Managers’ Index (PMI)
  193. UK manufacturing PMI at one-and-a-half year low

    01 May 2018 Chris Williamson

    UK manufacturers reported the weakest improvement in business conditions for nearly one-and-a-half years in April.

    • Purchasing Managers’ Index (PMI)
  194. Upcoming UK PMI data in spotlight after disappointing first quarter GDP numbers

    27 April 2018 Chris Williamson

    UK economic growth slowed to near stagnation in the first quarter, casting further doubts on the health of the economy.

    • Purchasing Managers’ Index (PMI)
  195. Week Ahead Economic Preview

    27 April 2018 Chris Williamson

    The week sees important updates to the global economic picture in the form of manufacturing and service sector PMI surveys.

    • Purchasing Managers’ Index (PMI)
  196. Eurozone settles into lower gear

    23 April 2018 Chris Williamson

    Eurozone settles into lower gear

    • Purchasing Managers’ Index (PMI)
  197. Comparisons of US manufacturing output ‘soft data’ accuracy

    20 April 2018 Chris Williamson

    As a ‘soft data’ advance guide to official data on manufacturing output, the S&P Global PMI has outperformed the ISM.

    • Purchasing Managers’ Index (PMI)
  198. Successful use of 'soft data' in nowcast models will depend on choice of data

    18 April 2018 Chris Williamson

    S&P Global’s PMI data painted a far more accurate picture of the US manufacturing economy in 2017 than the ISM surveys.

    • Purchasing Managers’ Index (PMI)
  199. PMI data continues to signal solid growth prospects for Australia

    18 April 2018 Joseph Hayes

    The latest Commonwealth Bank of Australia PMI data signalled another month of solid output growth at the end of the first quarter.

    • Purchasing Managers’ Index (PMI)
  200. Ghana’s economic recovery continues amid muted price pressures

    18 April 2018 Andrew Harker

    The latest Stanbic Bank Ghana PMI, compiled by S&P Global, pointed to the strongest improvement in business conditions for six months in March....

    • Purchasing Managers’ Index (PMI)
  201. Brazil PMI shows improved growth momentum during opening months of 2018

    17 April 2018 Pollyanna De Lima

    Brazil PMI shows improved growth momentum during opening months of 2018

  202. Slowdown in Asia transport business activity at end of Q1

    17 April 2018 Bernard Aw

    Slowdown in Asia transport business activity at end of Q1

  203. UK pay pressures continue to build as staff hiring remains robust

    10 April 2018 Annabel Fiddes

    Staff appointments rose sharply in March, while lower candidate availability placed further upward pressure on starting pay.

    • Purchasing Managers’ Index (PMI)
  204. Global economy suffers loss of momentum in March

    10 April 2018 Chris Williamson

    Global economic growth slowed sharply to the weakest for over a year in March, according to PMI survey data.

    • Purchasing Managers’ Index (PMI)
  205. Strong rise in Czech manufacturing output continues into 2018, despite March slowdown

    10 April 2018 Sian Jones

    The Czech manufacturing sector started 2018 in rude health, according to the latest PMI survey data.

    • Purchasing Managers’ Index (PMI)
  206. Week Ahead Economic Preview

    06 April 2018 Chris Williamson

    The week sees economic news that should provide insights into central bank thinking in the US, UK and eurozone.

    • Purchasing Managers’ Index (PMI)
  207. Hong Kong PMI points to best quarter in four years despite March slip | IHS Markit

    06 April 2018 Bernard Aw

    Hong Kong’s private sector achieved its strongest quarterly performance since early 2014, according to latest Nikkei PMI data.

    • Purchasing Managers’ Index (PMI)
  208. IHS Markit PMI and air freight demand compared

    06 April 2018 Bernard Aw

    PMI surveys can provide early insights into demand at industry level, as illustrated by the following analysis of air transport and air travel....

    • Purchasing Managers’ Index (PMI)
  209. Global PMI slides to 16-month low in broad-based slowdown

    05 April 2018 Chris Williamson

    Global economic growth slowed sharply to the weakest for over a year in March, according to the latest PMI surveys.

    • Purchasing Managers’ Index (PMI)
  210. Signs of manufacturing cycle having peaked as PMI slips to five-month low

    04 April 2018

    Global manufacturing growth slowed to a five-month low in March, though remained robust by recent standards.

  211. Chinese economic growth loses momentum at end of first quarter

    04 April 2018 Bernard Aw

    March PMI survey data signalled a noticeable loss of momentum in China’s economic growth

    • Purchasing Managers’ Index (PMI)
  212. Signs of manufacturing cycle having peaked as PMI slips to five-month low

    04 April 2018 Chris Williamson

    Global manufacturing growth slowed to a five-month low in March, though remained robust by recent standards.

    • Purchasing Managers’ Index (PMI)
  213. PMI slips to 17-month low as Japan’s economic upturn loses steam

    04 April 2018 Bernard Aw

    Growth of Japanese business activity was the slowest since October 2016 at the end of the first quarter.

    • Purchasing Managers’ Index (PMI)
  214. Philippines manufacturing growth regains pace at end of first quarter

    03 April 2018 Bernard Aw

    The Philippines manufacturing sector is on course for its weakest quarterly growth in recent years, according to Nikkei PMI data.

    • Purchasing Managers’ Index (PMI)
  215. Thailand PMI survey shows deteriorating manufacturing conditions in March

    03 April 2018 Bernard Aw

    Thailand’s manufacturing economy ended the first quarter on a low, according to Nikkei PMI data

    • Purchasing Managers’ Index (PMI)
  216. Eurozone PMI slides to 14-month low as economy loses growth momentum

    22 March 2018 Chris Williamson

    Eurozone business activity grew at its slowest rate for over a year in March, according to the flash S&P Global Eurozone PMI.

    • Purchasing Managers’ Index (PMI)
  217. Flash Japan PMI rounds off best quarter for Japanese manufacturing since 2014

    22 March 2018 Bernard Aw

    The March flash PMI rounded off the best quarter for the Japanese manufacturing economy since early-2014.

    • Purchasing Managers’ Index (PMI)
    • Financial Services
  218. UK pay growth hits 2½ year high

    21 March 2018 Chris Williamson

    Signs of accelerating pay growth raise the prospect of interest rates being hiked again in May.

    • Purchasing Managers’ Index (PMI)
  219. Food and drink sector improves strongly at start of 2018

    20 March 2018 Joseph Hayes

    Global production growth in the food and beverages industry remained strong during February, according to latest PMI data.

    • Purchasing Managers’ Index (PMI)
  220. UK inflation fall brings relief to households

    20 March 2018 Chris Williamson

    Softer UK inflation means the squeeze on incomes is coming to an end, with survey data highlighting how the mood among households has started...

    • Purchasing Managers’ Index (PMI)
  221. Upswing in eurozone construction activity continues at start of 2018

    20 March 2018 Alex Gill

    The eurozone construction sector is enjoying one of its best spells for over a decade, with growth remaining buoyant in February.

    • Purchasing Managers’ Index (PMI)
  222. Chinese economy set for best quarter since 2010, despite February dip

    19 March 2018 Bernard Aw

    China’s economy lost a little momentum in February, but the country remained on course for its best quarter for over seven years.

    • Purchasing Managers’ Index (PMI)
  223. Australia PMI surveys point to steady growth in the first quarter

    12 March 2018 Bernard Aw

    The Australian economy maintained solid growth momentum in February, according to the latest Commonwealth Bank PMI surveys.

    • Purchasing Managers’ Index (PMI)
  224. European manufacturing supply capacity stretched but not broken

    09 March 2018 Mathieu Ras

    The European economy has been accelerating for the last two years, leading to increased pressure on productive capacity.

    • Purchasing Managers’ Index (PMI)
  225. Global economy enjoying accelerating momentum in 2018, accompanied by rising price pressures

    07 March 2018 Chris Williamson

    The global economy has enjoyed accelerating momentum so far in 2018, according to PMI data.

    • Purchasing Managers’ Index (PMI)
  226. UK PMI surveys show economy regaining momentum, price pressures cool

    05 March 2018 Chris Williamson

    The UK economy picked up steam again in February after a slow start to the year.

    • Purchasing Managers’ Index (PMI)
  227. Japan PMI surveys point to another solid quarterly expansion

    05 March 2018 Bernard Aw

    Japanese economic growth remained robust in February despite losing a bit of momentum.

    • Purchasing Managers’ Index (PMI)
  228. Singapore’s private sector economy on course for best quarter since mid-2014

    05 March 2018 Bernard Aw

    PMI survey data showed the UK manufacturing sector growing at the slowest pace for nearly a year in February

    • Purchasing Managers’ Index (PMI)
  229. Philippines manufacturing growth slows as new taxes curb demand

    02 March 2018 Bernard Aw

    Growth in the Philippines manufacturing economy suffered a further loss of momentum during February, according to the Nikkei PMI surveys.

    • Purchasing Managers’ Index (PMI)
  230. Week Ahead Economic Preview

    02 March 2018 Chris Williamson

    A busy week sees a flow of key data releases ranging from worldwide services PMI surveys through to the US employment report.

    • Purchasing Managers’ Index (PMI)
  231. Europe leads global manufacturing upturn, but also sees highest price pressures

    01 March 2018 Chris Williamson

    Global manufacturing lost a little momentum for a second successive month in February, according to the latest PMI™ surveys.

    • Purchasing Managers’ Index (PMI)
  232. PMI surveys show Indonesia’s manufacturing sector lurching back into life

    01 March 2018 Bernard Aw

    The Indonesian manufacturing PMI surveys show the strongest rate of growth since the summer of 2016.

    • Purchasing Managers’ Index (PMI)
  233. Seeking signs of life as manufacturers report weaker output growth

    01 March 2018 Chris Williamson

    PMI survey data showed the UK manufacturing sector growing at the slowest pace for nearly a year in February

    • Purchasing Managers’ Index (PMI)
  234. Week Ahead Economic Preview

    23 February 2018 Bernard Aw

    Worldwide releases of manufacturing PMI surveys will provide important signals as to global growth trends in the first quarter.

    • Purchasing Managers’ Index (PMI)
  235. UK economic growth revised down, in line with PMI

    22 February 2018 Chris Williamson

    The economy grew less than previously thought in the final three months of 2017.

    • Purchasing Managers’ Index (PMI)
  236. UK pay growth nudges higher but job market shows cracks

    21 February 2018 Chris Williamson

    The latest labour market snapshot brings mixed messages for policymakers.

    • Purchasing Managers’ Index (PMI)
  237. Eurozone economy on course for best quarter for 12 years, despite February fall in PMI

    21 February 2018 Chris Williamson

    February saw the eurozone’s growth spurt lose a little momentum, but the rate of expansion remains impressive.

    • Purchasing Managers’ Index (PMI)
  238. US Flash PMI points to economy gaining growth momentum, but prices spike higher

    21 February 2018 Chris Williamson

    US business activity growth accelerated markedly in February, according to the flash PMI™ surveys.

    • Purchasing Managers’ Index (PMI)
  239. Japan Flash PMI signals manufacturing sector on course for best quarter since 2014

    21 February 2018 Bernard Aw

    The Japanese manufacturing upturn continued in February, setting the sector on course for the best quarter since the start of 2014.

    • Purchasing Managers’ Index (PMI)
  240. UK households quick to respond to hawkish monetary policy signals

    20 February 2018 Joseph Hayes

    Survey data indicate that UK households have become increasingly convinced that borrowing costs will rise again in coming months.

    • Purchasing Managers’ Index (PMI)
  241. Russian interest rates fall following sustained drop in inflation

    20 February 2018 Sian Jones

    While many economies are seeing central banks become more hawkish, Russia is bucking the trend.

    • Purchasing Managers’ Index (PMI)
  242. Week Ahead Economic Preview

    16 February 2018 Bernard Aw

    Flash February PMI releases will provide all-important insights into first quarter economic growth and price trends of major economies.

    • Purchasing Managers’ Index (PMI)
  243. Earnings outlook improves as Asia tech shows upturn, joining strong Europe

    14 February 2018 Mathieu Ras

    PMI sector data provide a global view of the tech industry, and also help to anticipate regions and sub-sectors that are over- or under-performing....

    • Purchasing Managers’ Index (PMI)
  244. Spain PMI shows strong start to 2018, boding well for further solid GDP growth

    13 February 2018 Andrew Harker

    The Spanish economy made a strong start to 2018, raising hopes that the recent solid expansion of the economy will continue as the year progresses....

    • Purchasing Managers’ Index (PMI)
  245. UK inflation remains stubbornly high at start of 2018

    13 February 2018 Chris Williamson

    UK inflation came in higher than expected in January, adding further pressure for policymakers to hike interest rates again, possibly as soon...

    • Purchasing Managers’ Index (PMI)
  246. Diverging manufacturing, trade and construction trends paint mixed picture of UK economy

    13 February 2018 Chris Williamson

    Official data confirmed the solid performance of the UK’s manufacturing sector at the end of 2017, but construction remained a drag on the economy....

    • Purchasing Managers’ Index (PMI)
  247. Week Ahead Economic Preview

    09 February 2018 Bernard Aw

    Inflation and retail sales figures for both the US and UK are in focus next week.

    • Purchasing Managers’ Index (PMI)
  248. US PMI signals further inflationary pressures lie ahead

    08 February 2018 Joseph Hayes

    The latest S&P Global US PMI data point to both stronger domestic demand and inflationary pressures.

    • Purchasing Managers’ Index (PMI)
  249. Recruitment rises sharply, but demand for staff grows at slowest rate for a year

    08 February 2018 Annabel Fiddes

    Latest data from UK recruitment agencies signalled a further sharp increase in the number of people placed into permanent positions in January....

    • Purchasing Managers’ Index (PMI)
  250. Global PMI at near 3½ year high at start of 2018, all major economies expanding

    08 February 2018 Chris Williamson

    The global economy started 2018 with accelerating momentum, according to PMI survey data.

    • Purchasing Managers’ Index (PMI)
  251. Advance estimates of Taiwan GDP backs PMI signal of faster expansion in Q4

    06 February 2018 Bernard Aw

    Official data showed the Taiwanese economy growing faster than expected in the final quarter of 2017, as signalled well in advance by PMI data....

    • Purchasing Managers’ Index (PMI)
  252. Initial eurozone GDP estimates to be revised, in line with PMI

    05 February 2018 Chris Williamson

    At 58.8, the final Eurozone PMI for January 2018 registered the strongest monthly expansion since June 2006.

    • Purchasing Managers’ Index (PMI)
  253. Japan off to a solid start in 2018, accompanied by rising inflationary pressures

    05 February 2018 Bernard Aw

    The Japanese economy continued to enjoy robust growth at the start of 2018, with further signs of rising inflationary pressures.

    • Purchasing Managers’ Index (PMI)
  254. Australia PMI surveys signal slower growth and easing price pressures in January

    05 February 2018 Bernard Aw

    The Australian economy started 2018 in good health, but the latest Commonwealth Bank PMI surveys pointed to slower growth.

    • Purchasing Managers’ Index (PMI)
  255. UK PMI surveys show economy growing at slowest rate for nearly 18 months

    05 February 2018 Chris Williamson

    The pace of UK economic growth slowed sharply at the start of the year as January saw a triple-whammy of weaker PMI™ surveys.

    • Purchasing Managers’ Index (PMI)
  256. Modest start to 2018 for Philippines manufacturing as new taxes hit demand

    02 February 2018 Bernard Aw

    While the Philippines manufacturing economy ended last year on a high, it started 2018 on a more modest note.

    • Purchasing Managers’ Index (PMI)
  257. China's economy enjoys solid start to 2018 as PMI hits seven-year high

    02 February 2018 Bernard Aw

    Latest survey data showed that China’s economy enjoyed a strong start to 2018, with the fastest growth of business activity for seven years.

    • Purchasing Managers’ Index (PMI)
  258. Week Ahead Economic Preview

    02 February 2018 Bernard Aw

    Worldwide releases of services PMI surveys will provide insights into global economic growth and price trends at the start of 2018.

    • Purchasing Managers’ Index (PMI)
  259. Thailand PMI survey shows manufacturing growth accelerating into 2018

    01 February 2018 Bernard Aw

    The positive growth momentum in Thailand’s manufacturing economy seen at the end of last year extended into 2018.

    • Purchasing Managers’ Index (PMI)
  260. January global manufacturing PMI signals solid start to 2018

    01 February 2018 Chris Williamson

    Global manufacturing started 2018 on an upbeat note, with businesses registering one of the strongest expansions for seven years.

    • Purchasing Managers’ Index (PMI)
  261. UK manufacturers report slower growth and rising prices

    01 February 2018 Chris Williamson

    Latest UK Manufacturing PMI data pointed to slower, but still robust, growth of the sector at the start of 2018.

    • Purchasing Managers’ Index (PMI)
  262. Week Ahead Economic Preview

    26 January 2018 Bernard Aw

    Worldwide releases of S&P Global Manufacturing PMI surveys will provide all-important, up-to-date signals of global economic growth and price...

    • Purchasing Managers’ Index (PMI)
  263. Advance US GDP growth estimate confirms PMI signal of slower expansion

    26 January 2018 Chris Williamson

    The US economy grew less than expected in the closing quarter of 2017, according to fresh official data.

    • Purchasing Managers’ Index (PMI)
  264. Week Ahead Economic Preview

    26 January 2018 Bernard Aw

    Worldwide releases of S&P Global Manufacturing PMI surveys will provide signals of growth and price trends at the start of 2018.

    • Purchasing Managers’ Index (PMI)
  265. UK economy enjoys robust end to an otherwise weak 2017, in line with PMI

    26 January 2018 Chris Williamson

    The UK economy enjoyed further resilient growth in the closing quarter of 2017.

    • Purchasing Managers’ Index (PMI)
  266. Flash Japan manufacturing PMI signals buoyant start to 2018

    24 January 2018 Bernard Aw

    Japanese manufacturing firms enjoyed the best monthly improvement in business conditions for nearly four years in January.

    • Purchasing Managers’ Index (PMI)
  267. Eurozone off to flying start in 2018 as PMI shows fastest growth for nearly 12 years

    24 January 2018 Chris Williamson

    Business activity is expanding at a rate not seen for almost 12 years.

    • Purchasing Managers’ Index (PMI)
  268. US has mixed start to 2018 as faster factory growth is offset by services slowdown

    24 January 2018 Chris Williamson

    The flash PMI surveys indicated a mixed but broadly encouraging start to 2018 for the US economy.

    • Purchasing Managers’ Index (PMI)
  269. Robust labour market adds to signs of resilient end to 2017 for UK economy

    24 January 2018 Chris Williamson

    The UK labour market showed signs of strength late last year, with employment rising and pay growth creeping higher.

    • Purchasing Managers’ Index (PMI)
  270. Taiwan’s strong export orders point to further upturn in trade

    22 January 2018 Bernard Aw

    Official data for Taiwan confirmed the strong exports trend seen in recent PMI surveys at the end of 2017.

    • Purchasing Managers’ Index (PMI)
  271. Week Ahead Economic Preview

    19 January 2018 Bernard Aw

    A number of countries see fourth quarter GDP numbers, while flash January PMI releases will indicate trends at the start of 2018...

    • Purchasing Managers’ Index (PMI)
  272. Poor December means UK retail sales growth halves in fourth quarter

    19 January 2018 Chris Williamson

    There was very little Christmas joy for retailers as sales slumped in December, according to the latest official data.

    • Purchasing Managers’ Index (PMI)
  273. China economic growth at a resilient 6.9% in 2017

    19 January 2018 Bernard Aw

    China’s economy expands by 6.9% in 2017, with PMI data suggesting that firms start 2018 on a firm footing.

    • Purchasing Managers’ Index (PMI)
  274. Asia auto sector booms but suffers tighter profit margins

    19 January 2018 Bernard Aw

    As 2017 drew to a close, Asia’s auto sector enjoyed its best growth spurt since 2010, according to PMI survey data....

    • Government Policy & Regulations
  275. Greek economy bounces back, but sustainable growth remains uncertain

    19 January 2018

    Recent PMI data suggest the Greek manufacturing sector may finally be on a path to recovery....

    • Purchasing Managers’ Index (PMI)
    • Financial Services
  276. US PMI factory orders as a leading indicator of manufacturing output

    17 January 2018 Chris Williamson

    S&P Global’s US Manufacturing PMI survey New Orders Index offers valuable insight into the latest factory order trends...

    • Purchasing Managers’ Index (PMI)
  277. Using PMI survey data to nowcast Malaysia's GDP

    16 January 2018 Bernard Aw

    PMI data can be used as a simple but effective tool for predicting Malaysia’s GDP growth rates well ahead of official statistics.

    • Purchasing Managers’ Index (PMI)
  278. Manufacturing sector leads strong growth in Vietnam’s GDP

    15 January 2018 Andrew Harker

    Strong economic growth in 2017 was driven by a humming manufacturing sector, backing up the findings of the Nikkei PMI.

    • Purchasing Managers’ Index (PMI)
  279. Official data confirm UK PMI signals of export-led factory growth and construction woes

    15 January 2018 Chris Williamson

    Official data showed UK industry performing well in November, which should help boost the economy in the fourth quarter.

    • Purchasing Managers’ Index (PMI)
  280. Japan PMI points to stronger fourth quarter growth and higher prices

    05 January 2018 Bernard Aw

    "Nikkei PMI data showed Japanese economic growth maintaining solid momentum at the end of 2017. Price pressures meanwhile remained firm, with...

    • Purchasing Managers’ Index (PMI)
  281. Upturn in global PMI ends best year since 2014, jobs growth at decade-high

    05 January 2018 Chris Williamson

    "The global economy ended 2017 on a buoyant note, according to PMI survey data. Current business activity growth gained momentum and rising inflows...

    • Purchasing Managers’ Index (PMI)
  282. Week Ahead Economic Preview

    05 January 2018 Bernard Aw

    US inflation and retail sales figures are in focus next week as analysts search for clues as to the timing of the next Fed rate hike. A host...

    • Purchasing Managers’ Index (PMI)
  283. Australia PMI surveys signal a further pick-up in growth and prices during December

    04 January 2018 Bernard Aw

    "The Australian economy ended 2017 with its weakest quarter in over a year, though the latest Commonwealth Bank PMI surveys also suggest that...

    • Purchasing Managers’ Index (PMI)
  284. Strong December Caixin China PMI ends best year since 2010

    04 January 2018 Bernard Aw

    "The Chinese economy finished last year on a strong note, marking its best year since 2010, according to the Caixin China PMI surveys. However...

    • Purchasing Managers’ Index (PMI)
  285. Strong December PMI rounds off best year for global manufacturing since 2010

    04 January 2018 Chris Williamson

    A strong December global PMI rounded off the best year for manufacturing since 2010. While the upturn continued to show signs of broadening out...

    • Purchasing Managers’ Index (PMI)
  286. UK PMI surveys show economy ending 2017 on resilient note

    04 January 2018 Chris Williamson

    "The December PMI™ surveys showed the UK economy ending 2017 with a resilient and steady pace of growth, though a softer increase in new orders...

    • Purchasing Managers’ Index (PMI)
  287. Asia economic growth holds broadly steady in November, but still lags global expansion

    03 January 2018 Bernard Aw

    The following is an extract from S&P Global's monthly Asia PMI overview presentation. For the full report please click on the link at the bottom...

    • Purchasing Managers’ Index (PMI)
  288. PMI shows UK commercial construction falling for sixth month running in December

    03 January 2018 Chris Williamson

    "The UK construction industry looks to have pulled out of its downturn, with improved PMI survey readings in the closing months of 2017 compared...

    • Purchasing Managers’ Index (PMI)
  289. Positive end to 2017 for Thailand manufacturing

    03 January 2018 Bernard Aw

    Thailand’s manufacturing economy ended an otherwise unspectacular year on a positive note. December PMI data showed an improvement in operating...

    • Purchasing Managers’ Index (PMI)
  290. Philippines manufacturing ends 2017 on a strong note

    02 January 2018 Bernard Aw

    "The Philippines manufacturing economy finished the year on a solid footing, ending its best quarter of 2017, according to the Nikkei PMI data....

    • Purchasing Managers’ Index (PMI)
  291. Week Ahead Economic Preview

    22 December 2017 Bernard Aw

    "As the final week of 2017 arrives, analysts will assess updated Japanese and German inflation data for clues on future policy moves. Other key...

    • Purchasing Managers’ Index (PMI)
  292. Week Ahead Economic Preview

    15 December 2017 Bernard Aw

    A number of major economies are releasing updated third quarter GDP numbers while markets will keenly watch the Bank of Japan’s meeting next...

    • Purchasing Managers’ Index (PMI)
  293. Eurozone PMI ends 2017 on a high amid record manufacturing growth

    14 December 2017 Chris Williamson

    "The eurozone economy is picking up further momentum as the year comes to a close, ending its best quarter since the start of 2011. The strong...

    • Purchasing Managers’ Index (PMI)
  294. Indonesia Manufacturing PMI surveys point to steady fourth quarter growth

    14 December 2017 Bernard Aw

    "Manufacturing conditions in Indonesia improved in November after a disappointing start to the fourth quarter, indicating further steady economic...

    • Purchasing Managers’ Index (PMI)
  295. Japan Flash Manufacturing PMI signals best quarter since early-2014

    14 December 2017 Bernard Aw

    Japanese goods producers are enjoying their best quarter since the start of 2014 having seen business conditions improve to the greatest extent...

    • Purchasing Managers’ Index (PMI)
  296. UK inflation close to six-year high in November as cost pressures intensify

    12 December 2017 Chris Williamson

    "UK inflation rose to a near six-year high in November, and chances are that it could rise further before starting to ease again later in 2018....

    • Purchasing Managers’ Index (PMI)
  297. Official data for UK add to picture of manufacturing strength and construction woes

    11 December 2017 Chris Williamson

    "Official data on the output of manufacturing and construction in October highlight the divergent trends in the UK economy, as rising exports...

    • Purchasing Managers’ Index (PMI)
  298. Price pressures revive as global business reports faster order book growth

    08 December 2017

    Price pressures revive as global business reports faster order book growth

  299. Monthly PMI Overview

    08 December 2017 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

    • Purchasing Managers’ Index (PMI)
  300. Week Ahead Economic Preview

    08 December 2017 Bernard Aw

    "Next week sees December Flash PMI releases, providing insights into the health of the US, eurozone and Japanse economies at the end of the fourth...

    • Purchasing Managers’ Index (PMI)

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