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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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Economics Commentary 15 minutes ago

How to interpret and use the PMI Capacity Utilisation Index

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Week Ahead Economic Preview: Week of 2 June 2025

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Flash PMI survey signals subdued developed world growth in May amid tariff uncertainty, as US prices spike higher

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Week Ahead Economic Preview: Week of 26 May 2025

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  1. How to interpret and use the PMI Capacity Utilisation Index

    30 May 2025 Eleanor Dennison

    The PMI Capacity Utilisation Index from S&P Global Market Intelligence is a metric derived using monthly backlogs of work and suppliers' delivery...

    • Purchasing Managers’ Index (PMI)
  2. Week Ahead Economic Preview: Week of 2 June 2025

    30 May 2025 Jingyi Pan Chris Williamson

    The key economic data releases in the coming week include the worldwide PMI surveys for both manufacturing and services, as well as the monthly...

    • Purchasing Managers’ Index (PMI)
  3. Flash PMI survey signals subdued developed world growth in May amid tariff uncertainty, as US prices spike higher

    27 May 2025 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence indicated that business output among the four largest developed economies - the...

    • Purchasing Managers’ Index (PMI)
  4. Week Ahead Economic Preview: Week of 26 May 2025

    23 May 2025 Jingyi Pan Chris Williamson

    The following is an extract from S&P Global Market Intelligence’s latest Week Ahead Economic Preview. For the full report, please click on the...

    • Purchasing Managers’ Index (PMI)
  5. US prices spike higher in May as tariff impact hits, but confidence also rebounds

    22 May 2025 Chris Williamson

    The early flash PMI data indicate that business confidence has improved in May from the worrying slump seen in April, with gloom about prospects...

    • Purchasing Managers’ Index (PMI)
  6. UK flash PMI shows downturn moderating after April's slump, with price pressures also cooling

    22 May 2025 Chris Williamson

    After an 'awful April', business reported a milder May. Business confidence has rebounded from April's recent low, which had seen confidence...

    • Purchasing Managers’ Index (PMI)
  7. Flash eurozone PMI slips into contraction territory despite uplift from manufacturing

    22 May 2025 Chris Williamson

    The flash PMI survey data showed the eurozone business activity slipping into decline in May

    • Purchasing Managers’ Index (PMI)
  8. UK labour market under pressure as demand weakens and staff costs rise

    20 May 2025 Phil Smith Maryam Baluch

    S&P Global PMI data showed UK employment falling for a seventh straight month in April, signalling a sustained deterioration in the country’s...

    • Purchasing Managers’ Index (PMI)
  9. Jobs cuts seen in Canada amid spike in uncertainty

    20 May 2025 Maryam Baluch

    Recent PMI data has highlighted growing concerns regarding the Canadian economy and labour market

    • Purchasing Managers’ Index (PMI)
  10. UK first quarter GDP growth spurt set to fade

    15 May 2025 Chris Williamson

    Official data showed the UK economy enjoying a growth surge in the first quarter, but recent years have seen similar strong periods of growth...

    • Purchasing Managers’ Index (PMI)
  11. Week Ahead Economic Preview: Week of 19 May 2025

    15 May 2025 Jingyi Pan Chris Williamson

    The following is an extract from S&P Global Market Intelligence’s latest Week Ahead Economic Preview. For the full report, please click on the...

    • Purchasing Managers’ Index (PMI)
  12. Eurozone employment edges higher in April despite worsening outlook

    14 May 2025 Phil Smith

    Latest PMI data showed employment rising across the eurozone for the second month running in April, albeit marginally, despite trade-related...

    • Purchasing Managers’ Index (PMI)
  13. New tariff trackers reveal hit to global exports and inflationary pressures in April

    12 May 2025 David Owen

    New data demonstrate how the additional US tariffs announced on April 2 have had a sizeable impact on global economic conditions, with exports...

    • Purchasing Managers’ Index (PMI)
  14. Global labour market risks tilt to the downside as business confidence plunges

    09 May 2025 Phil Smith

    Global PMI data indicated that worldwide employment was unchanged in April

    • Purchasing Managers’ Index (PMI)
  15. Week Ahead Economic Preview: Week of 12 May 2025

    09 May 2025 Jingyi Pan Chris Williamson

    US inflation, retail sales and industrial production will provide important insights into economic trends in April, alongside updates consumer...

    • Purchasing Managers’ Index (PMI)
  16. Goods producers in Asia signal sharp loss of export momentum

    08 May 2025 Usamah Bhatti

    Worldwide manufacturing business conditions deteriorated in April for the first time since the end of 2024, according to PMI survey data

    • Purchasing Managers’ Index (PMI)
  17. Monthly PMI Bulletin: May 2025

    08 May 2025 Jingyi Pan

    Although an expansion of global output was sustained in April, exports and optimism declined while employment stalled following the announcement...

    • Purchasing Managers’ Index (PMI)
  18. Global trade declines at sharpest pace in over two years

    07 May 2025 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade conditions deteriorated...

    • Purchasing Managers’ Index (PMI)
  19. Global PMI at 17-month low as future expectation hit lowest since early pandemic months

    07 May 2025 Chris Williamson

    The worldwide PMI surveys - produced S&P Global in association with ISM and IFPSM for J.P.Morgan - signalled deteriorating economic conditions...

    • Purchasing Managers’ Index (PMI)
  20. Emerging markets growth slows while confidence slips to near five-year low

    07 May 2025 Jingyi Pan

    Emerging market growth decelerated in April for the first time in three months, according to the latest PMI data

    • Purchasing Managers’ Index (PMI)
  21. Week Ahead Economic Preview: Week of 5 May 2025

    02 May 2025 Chris Williamson

    Services PMI numbers are updated around the world to provide updated guidance on growth and inflation trends, and set the scene for FOMC and...

    • Purchasing Managers’ Index (PMI)
  22. April's manufacturing PMI data reveal worsening global trade, confidence and inflation trends

    02 May 2025 Chris Williamson

    Worldwide manufacturing business conditions deteriorated for the first time since the end of last year, according to April's PMI survey data...

    • Purchasing Managers’ Index (PMI)
  23. UK manufacturers report steepest job and export losses of all economies surveyed by PMI data

    02 May 2025 Chris Williamson

    UK manufacturers report steepest job and export losses of all economies surveyed by PMI data, and also see highest selling price inflation

    • Purchasing Managers’ Index (PMI)
  24. Week Ahead Economic Preview: Week of 28 April 2025

    25 April 2025 Jingyi Pan Chris Williamson

    The coming week sees some key data releases out of the US, including GDP, the Fed's favored core PCE price gauge, ISM and PMI data, plus non-farm...

    • Purchasing Managers’ Index (PMI)
  25. Developed world output growth hits lowest since 2023 as confidence slumps, according to April flash PMI data

    24 April 2025 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence indicated that business output among the G4 largest developed economies rose at...

    • Purchasing Managers’ Index (PMI)
  26. Flash eurozone PMI heralds gloomier outlook as confidence slumps

    23 April 2025 Chris Williamson

    The flash PMI survey data showed the eurozone economy struggling to expand in April, with business confidence also sinking to its lowest for...

    • Purchasing Managers’ Index (PMI)
  27. US business growth hits lowest since late-2023, confidence slumps and prices move higher

    23 April 2025 Chris Williamson

    The early flash PMI data for April point to a marked slowing of business activity growth at the start of the second quarter, accompanied by a...

    • Purchasing Managers’ Index (PMI)
  28. Flash UK PMI flags renewed economic downturn risks

    23 April 2025 Chris Williamson

    While recent months have been characterised by UK businesses treading water, firms are reporting more of a struggle to keep their heads above...

    • Purchasing Managers’ Index (PMI)
  29. Business confidence in Japan eases to near five-year low despite renewal of output growth

    23 April 2025 Jingyi Pan

    Japan's private sector output returned to expansion in April after contracting at the end of the first quarter of the year, according to the...

    • Purchasing Managers’ Index (PMI)
  30. Week Ahead Economic Preview: Week of 21 April 2025

    17 April 2025 Jingyi Pan

    Flash PMI data for April will be anticipated midweek for insights into changes in economic conditions and sentiment across major developed economies...

    • Purchasing Managers’ Index (PMI)
  31. Global manufacturing sectors struggle in opening quarter of 2025 amid strengthening headwinds

    14 April 2025 Sian Jones

    The latest S&P Global Sector PMI data indicated a challenging end to the first quarter of the year among manufacturing-based sectors, with services...

  32. Week Ahead Economic Preview: Week of 14 April 2025

    11 April 2025 Jingyi Pan Chris Williamson

    As markets grapple with implications from changing tariff news, the reaction from central banks including the Bank of Canada and ECB will be...

    • Purchasing Managers’ Index (PMI)
  33. Monthly PMI Bulletin: April 2025

    11 April 2025 Jingyi Pan

    Although the global economic expansion regained some momentum in March amid improvements in the service sector, business optimism fell and cost...

    • Purchasing Managers’ Index (PMI)
  34. Emerging markets growth accelerates as selling prices rise at slowest pace in nearly two years

    11 April 2025 Jingyi Pan

    Emerging market growth accelerated into the end of the first quarter of 2025, according to the latest PMI data, as services activity expanded...

    • Purchasing Managers’ Index (PMI)
  35. Tracking tariff impact via the PMI: Assessing US inflationary trends through PMI indicators

    10 April 2025 David Owen

    The US PMI data for March signalled that tariffs are already having a notable impact on companies' input costs, especially manufacturers, who...

  36. Global trade steady ahead of tariff announcements

    09 April 2025 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded fractionally...

    • Purchasing Managers’ Index (PMI)
  37. Week Ahead Economic Preview: Week of 7 April 2025

    04 April 2025 Jingyi Pan Chris Williamson

    US inflation numbers, consumer sentiment and FOMC minutes will be published alongside UK GDP data and industrial production numbers for Germany....

    • Purchasing Managers’ Index (PMI)
  38. Global PMI signals stronger growth in March but future sentiment slumps lower

    04 April 2025 Chris Williamson

    The worldwide PMI surveys - produced S&P Global in association with ISM and IFPSM for J.P.Morgan - recorded faster global output growth in March...

    • Purchasing Managers’ Index (PMI)
  39. US PMI signals slower first quarter expansion amid rising prices

    04 April 2025 Chris Williamson

    S&P Global's PMI survey data for the US indicated a faster rate of output growth in March, but the overall upturn remained modest to round off...

    • Purchasing Managers’ Index (PMI)
  40. US sees highest manufacturing input price inflation worldwide in March, accompanied by falling output across North America

    03 April 2025 Chris Williamson

    Manufacturing output fell across North America in March at one of the steepest rates seen over the past two years, according to PMI survey data...

    • Purchasing Managers’ Index (PMI)
  41. Top five economic takeaways from March's manufacturing PMI data as tariff worries intensify

    01 April 2025 Chris Williamson

    The global manufacturing sector remained only just in expansion territory in March

    • Purchasing Managers’ Index (PMI)
  42. Week Ahead Economic Preview: Week of 31 March 2025

    28 March 2025 Jingyi Pan Chris Williamson

    Markets will be busy in the coming week assessing new tariff announcements from the US as well as worldwide PMI survey data covering both manufacturing...

    • Purchasing Managers’ Index (PMI)
  43. Flash PMI data show developed world output growth edges higher in March, but confidence lowest since November 2022

    25 March 2025 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence indicated that business output among the G4 largest developed economies rose at...

    • Purchasing Managers’ Index (PMI)
  44. Flash eurozone PMI signals return to growth for manufacturing in March

    24 March 2025 Chris Williamson

    The flash PMI® survey data showed the eurozone economy expanding marginally at the end of the first quarter, putting the region on course for...

    • Purchasing Managers’ Index (PMI)
  45. Flash UK PMI rises to six-month high in March amid stronger service sector expansion

    24 March 2025 Chris Williamson

    An upturn in business activity in March brings some good news for the government ahead of the Chancellor’s Spring Statement

    • Purchasing Managers’ Index (PMI)
  46. Japan flash PMI signals steepest output fall for three years as confidence hits lowest since August 2020

    24 March 2025 Jingyi Pan

    Japan's private sector output fell in March for the first time since last October, according to the flash PMI, dropping at the sharpest rate...

    • Purchasing Managers’ Index (PMI)
  47. Week Ahead Economic Preview: Week of 24 March 2025

    21 March 2025 Jingyi Pan Chris Williamson

    Flash PMI data for March will be released Monday, setting the scene for economic conditions in the major developed economies as businesses react...

    • Purchasing Managers’ Index (PMI)
  48. Trade uncertainty drives down production in Canada and Mexico

    14 March 2025 Pollyanna De Lima Andrew Harker

    The swathe of announcements regarding trade policy in recent months has begun to impact business performance across North America, as shown by...

    • Purchasing Managers’ Index (PMI)
  49. Week Ahead Economic Preview: Week of 17 March 2025

    14 March 2025 Jingyi Pan Chris Williamson

    Central bank meetings in the US, UK and Japan are likely to see rates on hold, but will be eagerly watched for clues as the next moves as policymakers...

    • Purchasing Managers’ Index (PMI)
  50. Equities, sentiment and the real economy

    11 March 2025 Chris Williamson

    US equity prices have dropped sharply from their all-time high on February 19th, reflecting a significant shift in investor sentiment

    • Purchasing Managers’ Index (PMI)
  51. Monthly PMI Bulletin: March 2025

    11 March 2025 Jingyi Pan

    The global economic expansion slowed for a second successive month in March with decelerating services offsetting improvements in the goods producing...

    • Purchasing Managers’ Index (PMI)
  52. Emerging market growth accelerates amid rising export orders

    11 March 2025 Jingyi Pan

    Emerging markets expanded at an accelerated rate in February, according to the latest PMI data, contrasting with the softer global trend.

    • Purchasing Managers’ Index (PMI)
  53. Global manufacturing revival helps offset service sector slowdown, but questions remain over sustainability of factory upturn amid tariff impact

    10 March 2025 Chris Williamson

    The detailed sector data behind the worldwide PMI surveys produced S&P Global reveal how a manufacturing revival in February has helped offset...

    • Purchasing Managers’ Index (PMI)
  54. Week Ahead Economic Preview: Week of 10 March 2025

    07 March 2025 Jingyi Pan Chris Williamson

    US inflation data will be a key highlight of the week’s data flow, alongside GDP updates in Japan and the UK, eurozone industrial production...

    • Purchasing Managers’ Index (PMI)
  55. Global employment falls as developed world job losses reach highest since July 2020

    06 March 2025 Chris Williamson

    A combination of slower current demand growth and diminished optimism about the year ahead caused companies worldwide to trim their headcounts...

    • Purchasing Managers’ Index (PMI)
  56. Global PMI falls to 14-month low in February as demand growth weakens

    06 March 2025 Chris Williamson

    The worldwide PMI surveys – produced S&P Global in association with ISM and IFPSM for J.P.Morgan – recorded the slowest output growth for 14...

    • Purchasing Managers’ Index (PMI)
  57. Global trade near-stabilises in February

    06 March 2025 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that the recent contraction of global...

    • Purchasing Managers’ Index (PMI)
  58. Top five economic takeaways from February manufacturing PMI data as global output growth accelerates and sentiment improves

    04 March 2025 Chris Williamson

    The global manufacturing sector moved further into expansion territory in February, signalling improving economic conditions.

    • Purchasing Managers’ Index (PMI)
  59. Week Ahead Economic Preview: Week of 3 March 2025

    28 February 2025 Jingyi Pan Chris Williamson

    The week brings a wealth of economic data to assess global economic conditions, including US nonfarm payrolls and worldwide PMI surveys, while...

    • Purchasing Managers’ Index (PMI)
  60. Week Ahead Economic Preview: Week of 24 February 2025

    21 February 2025 Jingyi Pan Chris Williamson

    The following is an extract from S&P Global Market Intelligence’s latest Week Ahead Economic Preview. For the full report, please click on the...

    • Purchasing Managers’ Index (PMI)
  61. US economic growth falters and goods prices spike higher, according to flash PMI surveys

    21 February 2025 Chris Williamson

    A key development evident in the February flash PMIs was a sharp slowing of business growth in the US, accompanied by rising goods prices. Companies...

    • Purchasing Managers’ Index (PMI)
  62. Flash UK PMI indicates further steep job losses amid stalled growth and rising costs

    21 February 2025 Chris Williamson

    Early PMI survey data for February indicate that business activity remained largely stalled for a fourth successive month, with job losses mounting...

    • Purchasing Managers’ Index (PMI)
  63. Japan's private sector growth accelerates but confidence slips to lowest for over four-years

    21 February 2025 Jingyi Pan

    Japan's private sector output growth accelerated for a third straight month in February, according to the flash PMI

    • Purchasing Managers’ Index (PMI)
  64. Flash eurozone PMI top five takeaways: Economy ekes out marginal growth as manufacturing downturn eases

    21 February 2025 Chris Williamson

    The flash PMI survey data showed the eurozone economy barely expanding midway through the first quarter, putting the region on course for another...

    • Purchasing Managers’ Index (PMI)
  65. Week Ahead Economic Preview: Week of 17 February 2025

    14 February 2025 Jingyi Pan Chris Williamson

    Flash PMI data will provide the first insights into how business conditions have fared around the world in response to recent tariff announcements....

    • Purchasing Managers’ Index (PMI)
  66. Monthly PMI Bulletin: February 2025

    13 February 2025 Jingyi Pan

    The global economic expansion decelerated to the slowest for a year at the start of 2025.

    • Purchasing Managers’ Index (PMI)
  67. Global trade contraction eases at the start of 2025

    11 February 2025 Jingyi Pan

    The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that the recent contraction of global...

    • Purchasing Managers’ Index (PMI)
  68. Emerging market growth softens at the start of 2025 as firms shed staff

    11 February 2025 Jingyi Pan

    Emerging markets expanded at a slower rate in the opening month of 2025, in line with a softening global growth trend.

    • Purchasing Managers’ Index (PMI)
  69. Global PMI slips at start of 2025 but optimism and employment trend higher

    10 February 2025 Chris Williamson

    The worldwide PMI survey – produced S&P Global in association with ISM and IFPSM for J.P.Morgan – recorded the slowest output growth for eight...

  70. Week Ahead Economic Preview: Week of 10 February 2025

    10 February 2025 Jingyi Pan Chris Williamson

    The focus shifts to US inflation in the coming week amid updates to CPI data and a speech by Fed Chair Powell. The UK's growth trajectory also...

    • Purchasing Managers’ Index (PMI)
  71. Tracking tariff impact via the PMI: Assessing changing manufacturing performance through PMI indicators

    05 February 2025 Chris Williamson

    Manufacturing PMI data for January were collected worldwide from 08 to 31 January, straddling the inauguration of Donald Trump as the 47th president...

    • Purchasing Managers’ Index (PMI)
  72. Top five economic takeaways from December's manufacturing PMI data as factory conditions stabilise amid improved US performance

    04 February 2025 Chris Williamson

    The global manufacturing sector nudged into expansion territory by the narrowest of margins in January.

    • Purchasing Managers’ Index (PMI)
  73. Week Ahead Economic Preview: Week of 3 February 2025

    31 January 2025 Jingyi Pan Chris Williamson

    The coming week opens with global PMI surveys and closes with the US monthly employment report, collectively providing some key insights into...

    • Purchasing Managers’ Index (PMI)
  74. Flash PMI data underscore sustained US outperformance among developed economies

    27 January 2025 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence indicated that the US economy continued to outperform relative to other major developed...

    • Purchasing Managers’ Index (PMI)
  75. Week Ahead Economic Preview: Week of 27 January 2025

    24 January 2025 Jingyi Pan Chris Williamson

    Monetary policy meetings from the FOMC and ECB are eagerly awaited for guidance on rate paths in 2025

    • Purchasing Managers’ Index (PMI)
  76. Flash PMI signals buoyant US business optimism at start of 2025

    24 January 2025 Chris Williamson

    US businesses are starting 2025 in an upbeat mood on hopes that the new administration will help drive stronger economic growth. Expectations...

    • Purchasing Managers’ Index (PMI)
  77. Flash eurozone PMI top five takeaways: Economy steadies at start of 2025 as confidence revives in manufacturing

    24 January 2025 Chris Williamson

    The flash PMI® survey data showed the eurozone economy edging back into growth territory at the start of 2025, hinting at some stabilisation...

    • Purchasing Managers’ Index (PMI)
  78. Flash UK PMI signals stalled economy and steep job cuts amid further loss of confidence, while price pressures spike higher

    24 January 2025 Chris Williamson

    The flash PMI data for January indicate that the UK economy remained largely stalled at the start of 2025

    • Purchasing Managers’ Index (PMI)
  79. Japan's private sector growth accelerates amid deepening sector divergence

    24 January 2025 Jingyi Pan

    Japan’s private sector growth accelerated for a second successive month at the start of 2025. That said, the improvement masked a deepening sector...

    • Purchasing Managers’ Index (PMI)
  80. PMI output and prices indices provide insights into 10-year benchmark bond yields

    22 January 2025 Jingyi Pan Chris Williamson

    S&P Global PMI data provide insights into a range of economic indicators including growth, inflation and business confidence, which are among...

    • Purchasing Managers’ Index (PMI)
  81. Loss of confidence in January adds to UK economic outlook risks

    20 January 2025 Chris Williamson

    Consumer confidence soured further at the start of 2025, according to S&P Global's Consumer Sentiment Index (CSI)

    • Purchasing Managers’ Index (PMI)
  82. Week Ahead Economic Preview: Week of 20 January 2025

    17 January 2025 Jingyi Pan Chris Williamson

    In a week leading up to the inauguration of Donald Trump as the new US President, we will publish the January flash PMI data to help shed light...

    • Purchasing Managers’ Index (PMI)
  83. Singapore economic activity expands at softest pace for 17 months into end 2024

    16 January 2025 Jingyi Pan

    The S&P Global Singapore PMI – covering the whole economy, including manufacturing, services and construction sectors – indicated that private...

    • Purchasing Managers’ Index (PMI)
  84. Monthly PMI Bulletin: January 2025

    14 January 2025 Jingyi Pan

    The global economic expansion further accelerated at the end of 2024, albeit with variations by region and sectors observed once again.

    • Purchasing Managers’ Index (PMI)
  85. Emerging market growth ticks lower at end of 2024 as manufacturing expansion slows

    10 January 2025 Jingyi Pan

    Emerging markets remained in growth territory in the closing month of 2024, albeit with the rate of growth being the softest recorded over the...

    • Purchasing Managers’ Index (PMI)
  86. Week Ahead Economic Preview: Week of 13 January 2025

    10 January 2025 Jingyi Pan Chris Williamson

    Markets will be eager to assess updated inflation data for some of the world’s largest economies in the coming week, seeking clues as to the...

    • Purchasing Managers’ Index (PMI)
  87. Worldwide PMI survey data signal stubborn services sector price pressures

    08 January 2025 Chris Williamson

    The worldwide PMI surveys indicated a small uplift in global selling price pressures at the end of 2024

    • Purchasing Managers’ Index (PMI)
  88. Global trade contraction accelerates at the end of 2024 amid falling goods export orders

    08 January 2025 Jingyi Pan

    The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that the contraction of global trade...

    • Purchasing Managers’ Index (PMI)
  89. Global economic growth closes 2024 on four-month high but future optimism wanes

    07 January 2025 Chris Williamson

    The worldwide PMI survey - produced S&P Global in association with ISM and IFPSM for J.P.Morgan - registered the strongest global economic growth...

    • Purchasing Managers’ Index (PMI)
  90. US economy ends 2024 on a high as output growth accelerates

    07 January 2025 Chris Williamson

    The US economy ended 2024 on a high according to the latest business surveys. Business activity in the vast services economy surged higher in...

    • Purchasing Managers’ Index (PMI)
  91. Top five economic takeaways from December's manufacturing PMI data as factory conditions worsen

    03 January 2025 Chris Williamson

    The global manufacturing sector fell back into decline in December, having stabilised in November, meaning business conditions have deteriorated...

    • Purchasing Managers’ Index (PMI)
  92. Week Ahead Economic Preview: Week of 23 December 2024

    20 December 2024 Jingyi Pan Chris Williamson

    A final "Week Ahead" of the year underscores the extent to which data releases will be eyed for divergences between the US economy and the rest...

    • Purchasing Managers’ Index (PMI)
  93. Flash PMI data shows US economic outperformance widening in December

    17 December 2024 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence indicated that the US economy’s outperformance widening relative to other major...

    • Purchasing Managers’ Index (PMI)
  94. Flash PMI signals US economy ending 2024 on strong note as output surges higher

    16 December 2024 Chris Williamson

    Business is booming in the US services economy, according to the S&P Global flash PMI, which showed output growing at the sharpest rate since...

    • Purchasing Managers’ Index (PMI)
  95. Flash UK PMI signals heightened economic downturn risk amid falling employment and rising inflation

    16 December 2024 Chris Williamson

    The flash PMI data for December indicate that the UK economy remained largely stalled at the end of 2024

    • Purchasing Managers’ Index (PMI)
  96. Flash eurozone PMI top five takeaways: Economy contracts for second successive month

    16 December 2024 Chris Williamson

    The flash PMI® survey data for December showed the eurozone economy contracting for a second successive month.

    • Purchasing Managers’ Index (PMI)
  97. Japan's private sector growth remains subdued and uneven while inflation intensifies

    16 December 2024 Jingyi Pan

    Japan's private sector expanded at the most pronounced pace in three months, albeit growing only modestly and with a deepening sector divergence....

    • Purchasing Managers’ Index (PMI)
  98. Week Ahead Economic Preview: Week of 16 December 2024

    13 December 2024 Jingyi Pan Chris Williamson

    A clutch of high-profile central bank meetings in the coming week is accompanied by a slew of tier-one data releases to provide guidance on economic...

    • Purchasing Managers’ Index (PMI)
  99. How to interpret and use the PMI Orders to Inventories ratio

    11 December 2024 Eleanor Dennison

    The orders to inventories ratio is a metric derived using monthly manufacturing PMI indices complied by S&P Global Market Intelligence

    • Purchasing Managers’ Index (PMI)
  100. PMI survey response rates: Survey response rates continue to average 73%, in line with pre-pandemic averages

    11 December 2024 Chris Williamson

    The total number of S&P Global PMI survey panels has risen from just one in 1992 to 70 at present, with more panels currently being constructed....

    • Purchasing Managers’ Index (PMI)
  101. Emerging market growth accelerates amid fastest rise in exports for six months

    11 December 2024 Jingyi Pan

    Emerging market economic growth accelerated in the penultimate month of the year, according to S&P Global's PMI surveys.

    • Purchasing Managers’ Index (PMI)
  102. Monthly PMI Bulletin: December 2024

    11 December 2024 Jingyi Pan Chris Williamson

    The global economic expansion accelerated in November, but variations by region were observed amid the looming US tariffs threat.

    • Purchasing Managers’ Index (PMI)
  103. Manufacturing weakness spills through to labour market

    10 December 2024 Sian Jones

    The divergence in fortunes between the global manufacturing and services sectors through large swathes of 2024 has continued to impact hiring...

    • Purchasing Managers’ Index (PMI)
  104. Global trade shrinks in November amidst a reduction in goods export orders

    06 December 2024 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to decline...

    • Purchasing Managers’ Index (PMI)
  105. Week Ahead Economic Preview: Week of 9 December 2024

    06 December 2024 Jingyi Pan Chris Williamson

    The coming week sees a clutch of central bank meetings including in Brazil, Canada, Australia, Taiwan and Switzerland, as well as in the eurozone....

    • Purchasing Managers’ Index (PMI)
  106. PMI surveys point to robust global growth in November, but Europe falters as US outperforms

    05 December 2024 Chris Williamson

    The worldwide PMI survey - produced S&P Global in association with ISM and IFPSM for J.P.Morgan - indicated robust global economic growth in...

    • Purchasing Managers’ Index (PMI)
  107. Top five economic takeaways from November's manufacturing PMI data as tariffs loom

    03 December 2024 Chris Williamson

    The global manufacturing sector stabilised in November after four months of modest declines

    • Purchasing Managers’ Index (PMI)
  108. Using the Global PMI instead of GDP as a macro indicator for investing

    29 November 2024 Chris Williamson

    PMI survey data offer investors an indicator of economic growth conditions which is historically more highly correlated with equity market prices...

    • Purchasing Managers’ Index (PMI)
  109. Week Ahead Economic Preview: Week of 2 December 2024

    29 November 2024 Jingyi Pan Chris Williamson

    The coming week is top and tailed with manufacturing PMI surveys and the US nonfarm payroll report, interspersed with a slew of data to guide...

    • Purchasing Managers’ Index (PMI)
  110. Week Ahead Economic Preview: Week of 25 November 2024

    25 November 2024 Jingyi Pan Chris Williamson

    Inflation data for the US and Eurozone will be key themes to watch amid speculation on rate cuts in December, as survey data hint at a widening...

    • Purchasing Managers’ Index (PMI)
  111. US outperformance widens in November as output surge contrasts with decline in Europe

    22 November 2024 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence showed the US building further on its recent outperformance among its developed...

    • Purchasing Managers’ Index (PMI)
  112. Flash UK PMI falls into contraction territory as outlook gloom deepens

    22 November 2024 Chris Williamson

    The first survey on the health of the economy after the Budget makes for gloomy reading

    • Purchasing Managers’ Index (PMI)
  113. Flash eurozone PMI top takeaways: Economy falls into decline in November

    22 November 2024 Chris Williamson

    The flash PMI® survey data for November showed the eurozone economy falling back into contraction

    • Purchasing Managers’ Index (PMI)
  114. Japan's private sector output declines in November as inflation intensifies

    22 November 2024 Jingyi Pan

    Japan's private sector activity remained in slight contraction territory in the penultimate month of the year as new orders stagnated and external...

    • Purchasing Managers’ Index (PMI)
  115. How to interpret and use the Productivity PMI

    19 November 2024 Eleanor Dennison

    The Productivity PMI from S&P Global Market Intelligence is a measure of labour efficiency and therefore a key determinant of corporate profitability...

    • Purchasing Managers’ Index (PMI)
  116. Week Ahead Economic Preview: Week of 18 November 2024

    15 November 2024 Jingyi Pan Chris Williamson

    The first indications of economic trends in the world’s major economies after the US Presidential Election will be eagerly awaited from the November...

    • Purchasing Managers’ Index (PMI)
  117. Monthly PMI Bulletin: November 2024

    12 November 2024 Jingyi Pan

    The global economic expansion accelerated in October amid quicker service sector expansions while manufacturing output stabilised.

    • Purchasing Managers’ Index (PMI)
  118. Emerging market growth accelerates but employment weakens

    08 November 2024 Jingyi Pan

    Emerging market economic growth rebounded at the start of the final quarter of the year, according to S&P Global's PMI surveys.

    • Purchasing Managers’ Index (PMI)
  119. Week Ahead Economic Preview: Week of 11 November 2024

    08 November 2024 Jingyi Pan Chris Williamson

    The future paths of central bank interest rates have become blurred with the prospect of radically different US policy under Trump 2.0, but updates...

    • Purchasing Managers’ Index (PMI)
  120. Global PMI selling price inflation at four-year low in October

    07 November 2024 Chris Williamson

    The worldwide PMI surveys showed average prices charged for goods and services rising globally at the slowest rate recorded for four years in...

    • Purchasing Managers’ Index (PMI)
  121. Global trade remains in contraction at start of fourth quarter

    07 November 2024 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade in goods and services...

    • Purchasing Managers’ Index (PMI)
  122. PMI surveys record faster global economy growth in October as confidence revives

    06 November 2024 Chris Williamson

    Worldwide PMI survey signalled faster economic growth in October, albeit driven by the service sector - and especially financial services

    • Purchasing Managers’ Index (PMI)
  123. Top five economic takeaways from October's PMI as global manufacturing downturn eases

    04 November 2024 Chris Williamson

    The global manufacturing downturn persisted into October, but the rate of decline moderated

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

    01 November 2024 Jingyi Pan Chris Williamson

    Markets in the coming week will be dominated by Tuesday’s US Presidential Election, though there are plenty of other economic events to note....

    • Purchasing Managers’ Index (PMI)
  125. Week Ahead Economic Preview: Week of 28 October 2024

    25 October 2024 Jingyi Pan Chris Williamson

    The coming week is crowded with economic data that will add to a market already jugging the earnings season and speculation around the US Presidential...

    • Purchasing Managers’ Index (PMI)
  126. Developed economy growth slips to six-month low, prices rise at slowest rate for four years

    24 October 2024 Chris Williamson

    The flash PMI data compiled by S&P Global Market Intelligence signaled sustained growth as measured collectively among the world's major developed...

    • Purchasing Managers’ Index (PMI)
  127. Flash UK October PMI signals slower economic growth and smallest rise in costs for nearly four years

    24 October 2024 Chris Williamson

    Business activity growth has slumped to its lowest for nearly a year in October as gloomy government rhetoric and uncertainty ahead of the Budget...

    • Purchasing Managers’ Index (PMI)
  128. Flash eurozone PMI top five takeaways: Economy stalls as price pressures ease

    24 October 2024 Chris Williamson

    The PMI® survey data for October showed the eurozone economy to have stalled for a second successive month as falling factory activity was accompanied...

    • Purchasing Managers’ Index (PMI)
  129. Japan's business activity declines while selling price inflation rises in October

    24 October 2024 Jingyi Pan

    Japan's private sector activity shrank for the first time in four months in October, hinting at a softening of the GDP trend at the start of...

    • Purchasing Managers’ Index (PMI)
  130. Week Ahead Economic Preview: Week of 21 October 2024

    18 October 2024 Jingyi Pan

    Flash PMI for October is set to offer the first look into fourth quarter economic conditions across major developed economies and provide valuable...

    • Purchasing Managers’ Index (PMI)
  131. Emerging market economies expand at slowest pace in nearly a year

    14 October 2024 Jingyi Pan

    Emerging market economic growth decelerated again at the end of the third quarter, according to S&P Global's PMI surveys.

    • Purchasing Managers’ Index (PMI)
  132. Week Ahead Economic Preview: Week of 14 October 2024

    11 October 2024 Jingyi Pan Chris Williamson

    The week ahead sees the European Central Bank likely to cut interest rates to support the struggling eurozone economy amid cooling inflation

    • Purchasing Managers’ Index (PMI)
  133. Monthly PMI Bulletin: October 2024

    11 October 2024 Jingyi Pan

    The global economic expansion slowed in September as manufacturing output declined for the first time this year.

    • Purchasing Managers’ Index (PMI)
  134. Trade conditions deteriorate for fourth straight month in September

    11 October 2024 Jingyi Pan

    The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade deteriorated again...

    • Purchasing Managers’ Index (PMI)
  135. Private sector growth strengthens in South Africa at end of third quarter, as cost pressures cool

    09 October 2024 David Owen

    The latest PMI data provided assurance that the South African private sector economy is on the right track, with September seeing growth accelerate...

    • Purchasing Managers’ Index (PMI)
  136. Global PMI selling price inflation holds close to four-year low in September

    07 October 2024 Chris Williamson

    The worldwide PMI surveys showed average prices charged for goods and services rising globally at an increased rate in September. However, the...

    • Purchasing Managers’ Index (PMI)
  137. Week Ahead Economic Preview: Week of 7 October 2024

    04 October 2024 Jingyi Pan Chris Williamson

    As markets seek further guidance on the interest rate outlook, US inflation numbers will be eagerly assessed in the coming week alongside further...

    • Purchasing Managers’ Index (PMI)
  138. PMI signals slowest global expansion since January and optimism hits near two-year low

    04 October 2024 Chris Williamson

    The global expansion of business activity slowed in September, according to the latest PMI survey data from S&P Global Market Intelligence

    • Purchasing Managers’ Index (PMI)
  139. Top five economic takeaways from September's PMI as global manufacturing deteriorates

    02 October 2024 Chris Williamson

    At 48.8, down from 49.6 in August, the Global Manufacturing PMI, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, signalled...

    • Purchasing Managers’ Index (PMI)
  140. Flash PMIs show the US leading developed world expansion in July as eurozone lags

    24 July 2024 Chris Williamson

    The flash PMI data from S&P Global signaled a welcome combination of lower selling price inflation and robust, accelerating, economic growth...

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

    12 July 2024 Jingyi Pan Chris Williamson

    Euro area policymakers meet to set monetary policy while counterparts at the Bank of England assess new inflation and labour market data

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

    10 May 2024 Jingyi Pan Chris Williamson

    A busy economic calendar is anticipated with the highlight being US CPI data, though key economic activity data out of the US and mainland China...

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

    19 April 2024 Jingyi Pan Chris Williamson

    The earliest insights into economic conditions across major developed economies in April will be tracked with flash PMI releases on Tuesday...

    • Purchasing Managers’ Index (PMI)
  144. Global PMI selling price inflation accelerates to ten-month high

    04 April 2024 Chris Williamson

    Average prices charged for goods and services rose worldwide at a steeper rate for a second consecutive month in March, according to S&P Global...

  145. Manufacturers report further improvement to worldwide supply chains in March, taking heat off prices

    02 April 2024 Chris Williamson

    Average supplier delivery times quickened slightly in March, according to the latest global PMI surveys, pointing to a further alleviation of...

    • Purchasing Managers’ Index (PMI)
  146. Week Ahead Economic Preview: Week of 1 April 2024

    28 March 2024 Jingyi Pan Chris Williamson

    Worldwide PMI data, including detailed sector data, will be released at the start of April, while US payrolls data will be closely watched alongside...

    • Purchasing Managers’ Index (PMI)
  147. Flash PMIs further ease recession worries, but also signal stubborn price pressures

    25 March 2024 Chris Williamson

    The flash PMI data released for March brought further signs that economic growth trajectories have improved since late last year, with growth...

    • Purchasing Managers’ Index (PMI)
  148. Week Ahead Economic Preview: Week of 25 March 2024

    22 March 2024 Jingyi Pan Chris Williamson

    Following the past week's central bank meetings, the attention turns to economic releases in the week ahead with US core PCE, personal income...

    • Purchasing Managers’ Index (PMI)
  149. S&P Global PMI® and ISM survey comparisons

    21 March 2024 Chris Williamson

    S&P Global PMI® and ISM survey comparisons

    • Short Interest
    • Securities Lending
    • Securities Finance
    • Equities
  150. News of further solid economic growth from US flash PMI tainted by rise in price pressures

    21 March 2024 Chris Williamson

    Further expansions of both manufacturing and service sector output in March helped close off another quarter of likely robust GDP growth for...

    • Purchasing Managers’ Index (PMI)
  151. Eurozone flash PMI shows economy close to stabilising in March, price pressures ease

    21 March 2024 Chris Williamson

    Business activity in the euro area came close to stabilising in March, as provisional PMI® survey data registered only a marginal decline in...

    • Purchasing Managers’ Index (PMI)
  152. Flash PMI shows strong end to first quarter for UK economy, but inflation still looks sticky

    21 March 2024 Chris Williamson

    Further signs of the UK economy having pulled out of last year's brief recession are provided by the provisional PMI data for March

    • Purchasing Managers’ Index (PMI)
  153. Japan flash PMI signals accelerating growth momentum and rising inflation in March

    21 March 2024 Jingyi Pan

    Japan's private sector picked up growth momentum into the end of the first quarter, according to flash PMI data.

    • Purchasing Managers’ Index (PMI)
  154. Egyptian business activity drops sharply in February amid currency crisis, leading to emergency interest rate hike and floating of pound

    18 March 2024 David Owen

    Egypt's non-oil economy was greatly impacted by the Red Sea shipping crisis in February, as a sharp drop in traffic through the Suez Canal led...

    • Purchasing Managers’ Index (PMI)
  155. Week Ahead Economic Preview: Week of 18 March 2024

    15 March 2024 Jingyi Pan Chris Williamson

    Central bank meetings across the US, UK, Japan, Australia, Brazil and various other economies unfold in the week, in addition to the highly anticipated...

    • Purchasing Managers’ Index (PMI)
  156. Global PMI signals faster economic growth amid steady price gains

    15 March 2024 Chris Williamson

    S&P Global's PMI surveys indicated that the global economy gained further growth momentum in February.

    • Purchasing Managers’ Index (PMI)
  157. Emerging markets growth remains solid amid intensifying inflationary pressures

    13 March 2024 Jingyi Pan

    Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing...

    • Purchasing Managers’ Index (PMI)
  158. Monthly PMI Bulletin: March 2024

    12 March 2024 Jingyi Pan

    The global economic expansion accelerated for a fourth straight month in February as both manufacturing output and services activity grew at...

    • Purchasing Managers’ Index (PMI)
  159. Week Ahead Economic Preview: Week of 11 March 2024

    07 March 2024 Jingyi Pan Chris Williamson

    US inflation and activity data will be some of the highlights in the week, while the UK also releases monthly output and labour market reports....

    • Purchasing Managers’ Index (PMI)
  160. Trade downturn continues to ease in February

    07 March 2024 Jingyi Pan

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

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

    04 March 2024 Jingyi Pan Chris Williamson

    US nonfarm payrolls, worldwide services PMI and detailed sector PMI results will all be eagerly anticipated alongside central bank meetings in...

    • Purchasing Managers’ Index (PMI)
  162. Worldwide manufacturing returns to growth

    01 March 2024 Chris Williamson

    February's PMI surveys showed manufacturing business conditions improving for the first time in 18 months

    • Purchasing Managers’ Index (PMI)
  163. US inflation descent outpacing that of Europe according to flash PMIs

    23 February 2024 Chris Williamson

    February’s flash PMI surveys brought mixed news on inflation, with European prices looking stickier than in the US

    • Purchasing Managers’ Index (PMI)
  164. Week Ahead Economic Preview: Week of 26 February 2024

    23 February 2024 Jingyi Pan Chris Williamson

    Global manufacturing PMI data will be due at the end of the week following the February flash PMI updates.

    • Purchasing Managers’ Index (PMI)
  165. US flash PMI indicates steady growth in February as price pressures cool further

    22 February 2024 Chris Williamson

    The early PMI data for February indicate that the US economy continued to expand midway through the first quarter, pointing to annualized GDP...

    • Purchasing Managers’ Index (PMI)
  166. Eurozone downturn moderates as service sector steadies, but price rises cloud rate cut outlook

    22 February 2024 Chris Williamson

    Business activity in the euro area fell at the slowest rate for eight months in February, according to provisional PMI® survey data, as a stabilisation...

    • Purchasing Managers’ Index (PMI)
  167. UK economy gains further growth momentum in February, but price pressures also rise

    22 February 2024 Chris Williamson

    Early PMI data point to the UK economy gaining growth momentum in February, dispelling recession worries. However, price pressures have intensified...

    • Purchasing Managers’ Index (PMI)
  168. Flash PMI signal cooling inflation and stagnating private sector activity in Japan

    22 February 2024 Jingyi Pan

    Japan's private sector activity broadly stagnated in February according to flash PMI data, attributed to a combination of slowing services activity...

    • Purchasing Managers’ Index (PMI)
  169. Week Ahead Economic Preview: Week of 19 February 2024

    16 February 2024 Maryam Baluch Joseph Hayes Jingyi Pan

    Flash PMI surveys from S&P Global are the highlight of the coming week

    • Purchasing Managers’ Index (PMI)
  170. Week Ahead Economic Preview: Week of 12 February 2024

    09 February 2024 Jingyi Pan Chris Williamson

    Key inflation and GDP data will be due from several Western economies in the coming week as various North Asian markets remain closed for the...

    • Purchasing Managers’ Index (PMI)
  171. Emerging markets growth accelerates at the start of 2024

    09 February 2024 Jingyi Pan

    A third consecutive monthly acceleration in global output growth was supported by faster emerging market expansion while developed markets also...

    • Purchasing Managers’ Index (PMI)
  172. Monthly PMI Bulletin: February 2024

    08 February 2024 Jingyi Pan

    The global economic expansion accelerated for a third straight month in January amidst renewed manufacturing output growth and faster services...

    • Purchasing Managers’ Index (PMI)
  173. PMI® Comment Trackers reveal Europe hardest hit by Red Sea crisis with food sector among most affected

    08 February 2024 Jingyi Pan David Owen

    January's global PMI data signalled improving global economic conditions at the start of 2024, in addition to a brightened outlook, with the...

    • Purchasing Managers’ Index (PMI)
  174. Trade downturn eases at start of 2024 despite Red Sea disruptions

    07 February 2024 Jingyi Pan

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

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

    06 February 2024 Chris Williamson

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

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

    06 February 2024 Chris Williamson

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

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

    02 February 2024 Jingyi Pan Chris Williamson

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

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

    01 February 2024 Chris Williamson

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

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

    26 January 2024 Jingyi Pan Chris Williamson

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

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

    25 January 2024 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  181. Eurozone prices rise at increased rate at start of 2024 as downturn moderates

    24 January 2024 Chris Williamson

    Business activity in the euro area fell at the slowest rate for six months in January, according to provisional PMI® survey data, albeit with...

    • Purchasing Managers’ Index (PMI)
  182. UK economy starts 2024 on stronger footing, but Red Sea shipping delays drive prices higher

    24 January 2024 Chris Williamson

    UK business activity growth accelerated for a third straight month in January, according to early PMI survey data, marking a promising start...

    • Purchasing Managers’ Index (PMI)
  183. Japan's private sector returns to growth at start of 2024 while price pressures ease

    24 January 2024 Jingyi Pan

    Japan's private sector expanded for the first time since October, though led mainly by services growth, according to the latest flash PMI data....

    • Purchasing Managers’ Index (PMI)
  184. Using GDP and business surveys to assess economic growth momentum

    22 January 2024 Chris Williamson

    Gross Domestic Product (GDP) serves as a key indicator of an economy's health, reflecting the total value of goods and services produced. However...

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

    19 January 2024 Jingyi Pan Chris Williamson

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

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

    16 January 2024 Jingyi Pan

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

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

    12 January 2024 Jingyi Pan

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

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

    12 January 2024 Rajiv Biswas

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

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

    12 January 2024 Rajiv Biswas Jingyi Pan Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  190. Trade conditions remain in decline at end of 2023

    08 January 2024 Jingyi Pan

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

    • Purchasing Managers’ Index (PMI)
  191. Looser financial conditions boost economic growth in December and add hope to 2024 US outlook

    05 January 2024 Chris Williamson

    Some New Year cheer is provided by the PMI signaling an acceleration of growth in the vast services economy, which reported its largest rise...

    • Purchasing Managers’ Index (PMI)
  192. Global PMI ends 2023 on brighter note, but wide divergences persist

    05 January 2024 Chris Williamson

    Global output growth accelerated slightly in December, according to the S&P Global PMI surveys

    • Purchasing Managers’ Index (PMI)
  193. APAC economic outlook for 2024 remains bright

    05 January 2024 Rajiv Biswas

    After rapid expansion in 2023, the Asia-Pacific (APAC) region is expected to be the fastest growing region of the world economy in 2024, underpinned...

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

    05 January 2024 Rajiv Biswas Jingyi Pan Chris Williamson

    Inflation updates will be in abundance next week, including from both the US and mainland China, while UK's November GDP figures will also be...

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

    04 January 2024 Chris Williamson

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

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

    02 January 2024 Chris Williamson

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

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

    02 January 2024 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  198. Philippines economy shows robust growth into the new year

    22 December 2023 Rajiv Biswas

    Recent economic data shows that the Philippines economy has continued to show robust expansion, with GDP growth of 5.9% year-over-year (y/y)...

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

    22 December 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    2023 draws to a close with a multitude of tier-2 data updates to inform us on the latest economic conditions into the year end, while 2024 will...

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

    18 December 2023 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  201. APAC manufacturing sector rebounds in late 2023

    18 December 2023 Rajiv Biswas

    After protracted weakness in manufacturing output and exports for many APAC industrial economies through most of 2023, there are early signs...

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

    18 December 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    15 December 2023 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  204. Flash PMI points to UK economy ending 2023 on a more positive note

    15 December 2023 Chris Williamson

    The UK economy continues to dodge recession, according to the flash PMI data

    • Purchasing Managers’ Index (PMI)
  205. Recession indicated as eurozone flash PMI signals deepening decline in December

    15 December 2023 Chris Williamson

    Business activity in the euro area fell at a steeper rate in December, according to provisional PMI® survey data, closing off a fourth quarter...

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

    14 December 2023 Jingyi Pan

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

    • Purchasing Managers’ Index (PMI)
  207. India seizes crown of fastest growing G20 economy

    08 December 2023 Rajiv Biswas

    As 2023 draws to a close, India is set be the fastest growing economy in the G20 grouping of large nations. After rapid economic growth of 7.2%...

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

    08 December 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Into mid-December, a flurry of central bank meetings is anticipated including in the US, UK and Eurozone.

    • Purchasing Managers’ Index (PMI)
  209. Deterioration of global trade conditions ease in November

    07 December 2023 Jingyi Pan

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

    • Purchasing Managers’ Index (PMI)
  210. Global PMI data hint at further cooling of inflation in the months ahead

    07 December 2023 Chris Williamson

    Globally, output price inflation edged higher in November, according to PMI® data compiled by S&P Global across over 40 economies and sponsored...

    • Purchasing Managers’ Index (PMI)
  211. Worldwide employment stalls as businesses report further weakness of demand

    06 December 2023 Chris Williamson

    Global output remained largely stalled in November, according to the S&P Global PMI surveys. The data point to weak global growth momentum for...

    • Purchasing Managers’ Index (PMI)
  212. Twin drivers of inflation hit demand in Nigeria

    06 December 2023 Andrew Harker

    November data pointed to a second successive monthly fall in new business in the Nigerian private sector

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

    05 December 2023 Chris Williamson

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

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

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

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

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

    05 December 2023 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  216. Singapore closes 2023 on a high note as manufacturing output surges

    04 December 2023 Rajiv Biswas

    Having commenced 2023 with weak economic momentum, the Singapore economy is closing the year on a high note. Manufacturing sector output showed...

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

    04 December 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy build up to the holiday season includes worldwide services and sector PMI data and the November US labour market report in the week ahead...

    • Purchasing Managers’ Index (PMI)
  218. Global factory job losses continue as demand downturn persists in November

    01 December 2023 Chris Williamson

    Global manufacturing business conditions worsened for a fifteenth successive month in November, according to the latest JPMorgan Global Manufacturing...

    • Purchasing Managers’ Index (PMI)
  219. US factories report job losses as demand continues to deteriorate, but price pressures weaken

    01 December 2023 Chris Williamson

    US manufacturing business conditions worsened in November, according to S&P Global's PMI data

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

    27 November 2023 Rajiv Biswas

    Malaysian GDP growth improved to a pace of 3.3% year-over-year (y/y) in the third quarter of 2023, compared with growth of 2.9% y/y in the second...

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

    27 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Worldwide manufacturing PMI will be due December 1 following the release of flash PMI figures, while tier-1 official data releases include eurozone...

    • Purchasing Managers’ Index (PMI)
  222. Flash PMIs signal jobs decline as economic malaise drifts into fourth month

    24 November 2023 Chris Williamson

    Early PMI survey data for November from S&P Global showed the major developed economies collectively contracting marginally for a fourth month...

    • Purchasing Managers’ Index (PMI)
  223. Japan flash PMI eases to 50.0 to signal stalling private sector activity in November

    24 November 2023 Jingyi Pan

    Japan's private sector growth ground to a halt in November according to the latest flash PMI data.

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

    17 November 2023 Rajiv Biswas

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

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

    17 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    A busy data week includes November flash PMIs, GDP readings from Germany and Thailand, and inflation figures for Canada, Japan and Singapore....

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

    16 November 2023 Jingyi Pan

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

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

    10 November 2023 Rajiv Biswas

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

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

    10 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    09 November 2023 Jingyi Pan

    The global economic expansion stalled at the start of the fourth quarter, concluding the eight-month growth streak.

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

    08 November 2023 Jingyi Pan

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

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

    07 November 2023 Chris Williamson

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

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

    07 November 2023 Chris Williamson

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

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

    03 November 2023 Chris Williamson

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

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

    03 November 2023 Rajiv Biswas

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

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

    03 November 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    02 November 2023 Chris Williamson

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

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

    31 October 2023 Chris Williamson

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

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

    27 October 2023 Rajiv Biswas

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

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

    27 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    25 October 2023 Chris Williamson

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

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

    24 October 2023 Chris Williamson

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

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

    24 October 2023 Chris Williamson

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

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

    24 October 2023 Jingyi Pan

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

    • Purchasing Managers’ Index (PMI)
  244. India's manufacturing output surges while inflation pressures ease

    20 October 2023 Rajiv Biswas

    After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong, with industrial production rising by 10.3%...

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

    20 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    17 October 2023 Chris Williamson

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

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

    13 October 2023 Rajiv Biswas

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

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

    13 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    12 October 2023 Jingyi Pan

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

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

    09 October 2023 Jingyi Pan

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

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

    09 October 2023 Chris Williamson

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

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

    09 October 2023 Jingyi Pan

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

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

    05 October 2023 Rajiv Biswas

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

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

    05 October 2023 Rajiv Biswas Jingyi Pan Chris Williamson

    Fed minutes from the September FOMC meeting will be released in the coming week alongside an assessment of US inflation conditions with CPI data....

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

    05 October 2023 Chris Williamson

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

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

    05 October 2023 Chris Williamson

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

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

    02 October 2023 Chris Williamson

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

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

    02 October 2023 Chris Williamson

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

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

    29 September 2023 Rajiv Biswas

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

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

    29 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    26 September 2023 Chris Williamson

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

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

    25 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    22 September 2023 Chris Williamson

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

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

    22 September 2023 Chris Williamson

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

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

    22 September 2023 Chris Williamson

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

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

    22 September 2023 Jingyi Pan

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

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

    19 September 2023 Jingyi Pan

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

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

    18 September 2023

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

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

    18 September 2023 Chris Williamson

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

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

    15 September 2023 Joseph Hayes

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

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

    15 September 2023 Rajiv Biswas

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

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

    15 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    14 September 2023 Jingyi Pan

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

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

    13 September 2023 Laura Denman

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

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

    08 September 2023 Jingyi Pan

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

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

    08 September 2023 Rajiv Biswas

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

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

    08 September 2023 Jingyi Pan

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

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

    08 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    08 September 2023 Chris Williamson

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

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

    07 September 2023 Chris Williamson

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

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

    07 September 2023 Chris Williamson

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

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

    06 September 2023 Chris Williamson

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

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

    06 September 2023 Chris Williamson

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

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

    05 September 2023 Chris Williamson

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

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

    05 September 2023 Chris Williamson

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

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

    05 September 2023 Rajiv Biswas

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

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

    04 September 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    01 September 2023 Chris Williamson

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

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

    01 September 2023 Chris Williamson

    US manufacturers reported another tough month of trading in August

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

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

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

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

    25 August 2023 Rajiv Biswas

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

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

    25 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    24 August 2023 Chris Williamson

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

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

    23 August 2023 Chris Williamson

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

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

    23 August 2023 Chris Williamson

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

    • Purchasing Managers’ Index (PMI)
  296. Eurozone downturn deepens according to flash PMI but inflation pressures tick higher

    23 August 2023 Chris Williamson

    Eurozone business activity contracted at an accelerating pace in August, according to the latest flash PMI survey data, as the region’s downturn...

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

    23 August 2023 Jingyi Pan

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

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

    18 August 2023 Rajiv Biswas

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

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

    18 August 2023 Rajiv Biswas Jingyi Pan Chris Williamson

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

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

    16 August 2023 Jingyi Pan

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

    • Purchasing Managers’ Index (PMI)

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