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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 May 30, 2025

How to interpret and use the PMI Capacity Utilisation Index

Economics Commentary May 30, 2025

Week Ahead Economic Preview: Week of 2 June 2025

Economics Commentary May 27, 2025

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

Economics Commentary May 23, 2025

Week Ahead Economic Preview: Week of 26 May 2025

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  1. Japan: Policy rewarded as PMIs signal ongoing robust growth and rising price pressures

    07 May 2013

    "The Markit/JMMA Japan PMI surveys point to an ongoing growth spurt in the Japanese economy in April, albeit with growth tapering off slightly...

    • Purchasing Managers’ Index (PMI)
  2. Week Ahead Economic Overview [06-10 May]: Services PMI data followed by official trade and industry figures

    03 May 2013

    "Services PMI data from Markit for the Eurozone and major emerging markets are released at the start of the week, followed by official industrial...

    • Purchasing Managers’ Index (PMI)
  3. UK PMIs signal growth upturn at start of second quarter

    03 May 2013

    The three UK PMI surveys collectively signaled the fastest rate of economic growth for eight months in April. The improvement reflected a strengthening......

    • Purchasing Managers’ Index (PMI)
  4. Faster than expected hiring drives US unemployment to lowest since 2008

    03 May 2013

    "Official data show far stronger than previously thought job creation in the US, reducing the need for additional stimulus from the Fed. However...

    • Purchasing Managers’ Index (PMI)
  5. Marginal improvement in Chinese manufacturing operating conditions during April

    02 May 2013

    "April data from HSBC signalled only a slight improvement of operating conditions in the Chinese manufacturing sector, as output and new orders...

    • Purchasing Managers’ Index (PMI)
  6. Global manufacturing sector sees near-stalling of growth in April

    02 May 2013

    "The JPMorgan Global Manufacturing PMI - compiled by Markit - came in at 50.5 in April, down to a four-month low from 51.1 in March to signal...

    • Purchasing Managers’ Index (PMI)
  7. Eurozone manufacturing downturn deepens at start of second quarter

    02 May 2013

    "Eurozone manufacturing started the second quarter of 2013 on a weak footing, with conditions in the sector deteriorating at the sharpest pace...

    • Purchasing Managers’ Index (PMI)
  8. ECB cuts rate to all-time low as recession deepens

    02 May 2013

    "At last, the fastest contracting region in the world no longer has the highest central bank policy rate of all major developed economies. A...

    • Purchasing Managers’ Index (PMI)
  9. UK manufacturing sector stabilises in April

    01 May 2013

    "The UK manufacturing sector showed signs of stabilising at the start of the second quarter of 2013, as levels of production and new orders rose...

    • Purchasing Managers’ Index (PMI)
  10. Sterling hits three-month high as UK manufacturing PMI beats expectations

    01 May 2013

    Sterling jumped 0.3% after April's Markit/CIPS Manufacturing PMI came in above expectations. The near-stabilisation of the manufacturing economy...

    • Purchasing Managers’ Index (PMI)
  11. Solid rises in output and new orders support continued expansion of Japanese manufacturing economy

    30 April 2013

    A modest improvement of Japanese manufacturing operating conditions was signalled during April. Led by a strong performance from investment goods......

    • Purchasing Managers’ Index (PMI)
  12. Week Ahead Economic Overview [29 Apr - 3 May]: Manufacturing and services PMIs

    26 April 2013

    "Monetary policy meetings at the Fed and ECB are scheduled for a busy week which also features Markit's worldwide manufacturing and service sector...

    • Purchasing Managers’ Index (PMI)
  13. No end to Fed stimulus in sight as US economic growth fails to impress in Q1

    26 April 2013

    "The US economy expanded at a slower-than-expected rate in the first quarter. Gross domestic product rose at an annualised rate of 2.5%, up sharply...

    • Purchasing Managers’ Index (PMI)
  14. UK economy avoids triple-dip recession with faster than expected expansion

    25 April 2013

    The UK avoided sliding into its third recession in five years by growing more than expected in the first quarter. The likelihood of policy action...

    • Purchasing Managers’ Index (PMI)
  15. Spanish unemployment breaks 6 million mark

    25 April 2013

    A further illustration of the crisis engulfing the Spanish economy was provided today by the latest quarterly labour market statistics release.......

    • Purchasing Managers’ Index (PMI)
  16. UK retailers gloomiest for 15 months in April

    24 April 2013

    "UK retailers reported a drop in sales on average for the first time in eight months in April, and the outlook for sales in the coming month...

    • Purchasing Managers’ Index (PMI)
  17. Germany: IFO survey adds emphasis to PMI's signal of renewed downturn risk

    24 April 2013

    A second successive monthly drop in the IFO survey adds to the PMI's message that the German economy could see a weakening of growth or even...

    • Purchasing Managers’ Index (PMI)
  18. Weaker PMI data hit markets on global growth worries

    23 April 2013

    "Weaker than expected flash PMI surveys from Markit for China, the US and the euro area have led to increased worries about the global economy.Download...

    • Purchasing Managers’ Index (PMI)
  19. US PMI points to weakest manufacturing expansion since last October

    23 April 2013

    "The Markit Flash US Manufacturing Purchasing Managers' Index (PMI) fell to its lowest reading in six months during April. At 52.0, the flash...

    • Purchasing Managers’ Index (PMI)
  20. Fall in China flash PMI signals near stagnation of manufacturing economy

    23 April 2013

    "The HSBC Manufacturing PMI fell from 51.6 in March to 50.5 in April, according to the flash estimate produced by Markit, only a shade higher...

    • Purchasing Managers’ Index (PMI)
  21. Eurozone suffers ongoing downturn in April as Germany sees renewed contraction

    23 April 2013

    "The Markit Eurozone PMI Composite Output Index was unchanged on March's reading of 46.5 in April, according to the flash estimate. The sub-50...

    • Purchasing Managers’ Index (PMI)
  22. Global metal-users report further solid output growth in March, but indicators of commodity demand yet to see similar improvement

    22 April 2013

    "Output growth at global metal-using firms was sustained at a solid pace in March, according to the latest Metals PMI data from Markit. This...

    • Purchasing Managers’ Index (PMI)
  23. Week Ahead Economic Overview [22-26 Apr]: UK first quarter GDP to reveal triple-dip fate

    19 April 2013

    The preliminary estimate of first quarter gross domestic product (GDP) on Thursday will reveal whether the UK has slipped into a triple-dip recession....

    • Purchasing Managers’ Index (PMI)
  24. UK retail sales rise in first quarter despite weather-related fall in March

    18 April 2013

    "Despite falling in March, which was in part attributable to bad weather, UK retail sales returned to growth in the fourth quarter, adding to...

    • Purchasing Managers’ Index (PMI)
  25. UK pay growth drops to record low as employers withdraw from job market

    17 April 2013

    "Bleak looking labour market data raise the prospect of the Bank of England stepping up its asset buying programme in May. Employment fell, unemployment..."...

    • Purchasing Managers’ Index (PMI)
  26. United States: Robust rise in industry and house building marks positive end to Q1

    16 April 2013

    "Strong industrial production and housing data suggest that the US economy saw a robust end to the first quarter, but nagging doubts persist...

    • Purchasing Managers’ Index (PMI)
  27. UK: Persistent high inflation curbs room for manoeuvre at Bank of England

    16 April 2013

    UK inflation remained well above its 2.0% target in March and looks set to increase further in coming months. Although recent falls in commodity...

    • Purchasing Managers’ Index (PMI)
  28. Oil price fall linked to loss of global economic growth momentum

    16 April 2013

    "Oil prices have fallen sharply, with Brent crude dropping below $100 per barrel for the first time since last July and West Texas Intermediate...

    • Purchasing Managers’ Index (PMI)
  29. IMF sees slower pace of global expansion

    16 April 2013

    "The International Monetary Fund cut its global growth forecast for this year from 3.5% to 3.3%, barely any stronger than the 3.2% expansion...

    • Purchasing Managers’ Index (PMI)
  30. Fall in Eurozone inflation opens door for ECB action

    16 April 2013

    "Inflation has eased in the Eurozone to its lowest since August 2010, giving the ECB more leeway to cut interest rates and revive a region that...

    • Purchasing Managers’ Index (PMI)
  31. China: Economic growth slowdown contrasts with upbeat signals from business

    15 April 2013

    "Official data brought disappointing news on the performance of the world's second largest economy at the start of 2013, with economic growth...

    • Purchasing Managers’ Index (PMI)
  32. Week Ahead Economic Overview [15-19 Apr]: China releases Q1 GDP

    12 April 2013

    "A busy week for economy watchers starts with first quarter GDP data for China, which are likely to confirm earlier signals from the PMI surveys...

    • Purchasing Managers’ Index (PMI)
  33. U.S. retail sales slide adds to fears of slowing economy

    12 April 2013

    "Lower consumer confidence looks to have resulted in a drop in US retail sales in March, raising the prospect that the economy is slowing as...

    • Purchasing Managers’ Index (PMI)
  34. Eurozone industrial downturn shows signs of easing in first quarter

    12 April 2013

    "Eurozone industry picked up in February, but the underlying trend in the official data is still one of a sector in decline and in line with...

    • Purchasing Managers’ Index (PMI)
  35. Construction set to act as drag on UK economy in first quarter

    12 April 2013

    A downturn in the construction sector has added to the risk of having slid back into recession in the first quarter. UK construction industry...

    • Purchasing Managers’ Index (PMI)
  36. UK: Mixed signals as industrial production rebounds in February, but exports fall

    09 April 2013

    "Industrial production rebounded in February after having suffered a shock fall in January, greatly reducing the likelihood of the UK sliding...

    • Purchasing Managers’ Index (PMI)
  37. Production rise adds to signs of industrial downturn easing in Germany

    09 April 2013

    "Downward trends in manufacturing output, industrial production and exports have eased in recent months, adding to signs that the German economy...

    • Purchasing Managers’ Index (PMI)
  38. Week Ahead Economic Overview [08-12 Apr]: European industrial data likely to be weak

    05 April 2013

    "The week sees important indications of industrial performance in the UK and eurozone, which are likely to show weak trends, as well as retail...

    • Purchasing Managers’ Index (PMI)
  39. US unemployment rate falls to lowest since 2008, but job creation disappoints

    05 April 2013

    "The rate of unemployment in the US fell to 7.6% in March, dropping for the second successive month to its lowest since December 2008. Non-farm...

    • Purchasing Managers’ Index (PMI)
  40. Services upturn means PMIs point to marginal first quarter economic growth

    04 April 2013

    A gathering upturn in the service sector in March looks to have helped the UK avoid a triple-dip recession by the narrowest of margins.Download...

    • Purchasing Managers’ Index (PMI)
  41. Eurozone downturn intensifies as German economy shows near-stagnation

    04 April 2013

    "At 46.5 in March, the final Markit Eurozone PMI" Composite Output Index was unchanged on the flash reading, confirming that the rate of decline...

    • Purchasing Managers’ Index (PMI)
  42. Emerging market growth remains subdued in March despite Chinese pick-up

    04 April 2013

    "The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was little-changed from February's 52.4 in March, posting...

    • Purchasing Managers’ Index (PMI)
  43. Bank of England holds policy amid signs of economy gaining momentum

    04 April 2013

    "The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its April meeting. The decision is likely to have been a close...

    • Purchasing Managers’ Index (PMI)
  44. Solid rise in business activity across combined Chinese manufacturing and service sector in March

    03 April 2013

    HSBC China Composite PMI data (which covers both manufacturing and services) signalled a further expansion of output during March. Activity has...

    • Purchasing Managers’ Index (PMI)
  45. Japanese service sector registers record rise in activity during March

    03 April 2013

    "The Japanese service sector expanded in March at the quickest rate in over five years of data collection, as confidence improved and market...

    • Purchasing Managers’ Index (PMI)
  46. Global manufacturing PMI edges higher in March

    02 April 2013

    "At 51.2 in March, up slightly from 50.9 in February, the JPMorgan Global Manufacturing PMI - a composite index produced by JPMorgan and Markit...

    • Purchasing Managers’ Index (PMI)
  47. Strong growth of U.S. manufacturing output, supporting faster rise in employment

    01 April 2013

    "The final Markit U.S. Manufacturing Purchasing Managers' Index posted 54.6 in March, signalling a further improvement in overall U.S. manufacturing..."...

    • Purchasing Managers’ Index (PMI)
  48. Week Ahead Economic Overview [1-5 Apr]: Manufacturing and services PMIs

    28 March 2013

    A public holiday in Europe on Monday means a staggered release of the March PMIs over the week. The publication of US and emerging market manufacturing......

    • Purchasing Managers’ Index (PMI)
  49. US economic growth stronger than previously thought, but still meagre

    28 March 2013

    "The US economy grew more than first thought in the final quarter of last year, though slightly less than economists had been hoping. The annualised...

    • Purchasing Managers’ Index (PMI)
  50. UK: Service sector growth stifles triple-dip fears

    28 March 2013

    Growth in service sector activity at the start of the year has greatly reduced the risk of the UK falling back into a triple-dip recession. The...

    • Purchasing Managers’ Index (PMI)
  51. UK economy hit by falling investment, weak trade and cautious consumers

    27 March 2013

    "Final data for the fourth quarter of last year show an economy suffering from the headwinds of falling exports, declining business investment...

    • Purchasing Managers’ Index (PMI)
  52. Week Ahead Economic Overview [25-29 Mar]: Eurozone consumer and business sentiment under the spotlight as Cypriot crisis plays out

    22 March 2013

    "With Cyprus adding to uncertainty caused by the Italian elections, analysts will be watching the European Commission consumer and business sentiment..."...

    • Purchasing Managers’ Index (PMI)
  53. US Flash PMI signals faster manufacturing expansion in March

    22 March 2013

    The expansion of the U.S. manufacturing sector strengthened to the second-fastest pace in almost a year during March. This was signalled by the...

    • Purchasing Managers’ Index (PMI)
  54. IFO survey adds to PMI message of renewed German economic slowdown

    22 March 2013

    "It was only a small decline, but the first drop in the IFO survey's business expectations index adds to signs that the German economy is slowing...

    • Purchasing Managers’ Index (PMI)
  55. UK 'triple-dip' fears ease on retail sales, tax and manufacturing data

    21 March 2013

    "The risk of the UK sliding into a triple-dip recession have fallen sharply following news of a rebound in retail sales, rising tax revenues...

    • Purchasing Managers’ Index (PMI)
  56. HSBC Flash China Manufacturing PMI rebounds to signal strengthening upturn

    21 March 2013

    "The HSBC Manufacturing PMI rose to 51.7 in March, according to the flash estimate produced by Markit, rebounding from February's four-month...

    • Purchasing Managers’ Index (PMI)
  57. Eurozone downturn intensifies for second month running in March

    21 March 2013

    "The Markit Eurozone PMI Composite Output Index fell from 47.9 in February to 46.5 in March, according to the flash estimate. The decline signalled...

    • Purchasing Managers’ Index (PMI)
  58. UK wage growth hits lowest since 2009 despite further upturn in employment

    20 March 2013

    Official data once again provided a mixed picture of the health of the labour market data . Some reason to cheer came from a further rise in...

    • Purchasing Managers’ Index (PMI)
  59. UK inflation rises to nine-month high and supply chain price pressures build

    19 March 2013

    "Inflationary pressures picked up in February, not just at the retail level but also in the supply chain. Alongside some signs of underlying...

    • Purchasing Managers’ Index (PMI)
  60. UK business mood brightest since early 2012, led by manufacturing

    18 March 2013

    "UK business confidence has picked up compared to late last year, according to the latest Markit Business Outlook Survey. Growth in export markets...

    • Purchasing Managers’ Index (PMI)
  61. Rising private sector pay helps ease pressures on household finances

    18 March 2013

    "This release contains the March findings from the Markit Household Finance Index, which is intended to anticipate changing consumer behaviour...

    • Purchasing Managers’ Index (PMI)
  62. Rising business confidence points to global economic upturn in 2013

    18 March 2013

    "Worldwide business confidence has revived from the post-crisis low seen late last year, with expectations of business activity, revenues and...

    • Purchasing Managers’ Index (PMI)
  63. Japanese business confidence surges to post-crisis high

    18 March 2013

    Business confidence in Japan has risen to its highest seen since the recovery began from the global financial crisis in 2008-09.Download full...

    • Purchasing Managers’ Index (PMI)
  64. Improved business optimism points to strengthening economic upturn in 2013

    18 March 2013

    The latest Markit Business Outlook survey signals an improvement in prospects among US manufacturers and services companies in early 2013 compared...

    • Purchasing Managers’ Index (PMI)
  65. Eurozone business confidence rises to one-year high

    18 March 2013

    Expectations regarding business activity over the next 12 months have strengthened across the Eurozone compared with the previous survey conducted...

    • Purchasing Managers’ Index (PMI)
  66. China drives upturn in emerging market business optimism

    18 March 2013

    "An upturn in business optimism in China to its highest for two years and sustained positive sentiment in Brazil, India and Russia adds to evidence...

    • Purchasing Managers’ Index (PMI)
  67. Week Ahead Economic Overview [18-22 Mar]: UK Budget accompanied by government borrowing, inflation and unemployment data

    15 March 2013

    "In what may be a turbulent week for sterling, the UK Chancellor sets out his fiscal policies in his Budget on Wednesday, which should also include...

    • Purchasing Managers’ Index (PMI)
  68. US industrial production upturn confirms PMI signal of stronger Q1 growth

    15 March 2013

    "US industrial production rose 0.7% in February, led by a 0.8% increase in manufacturing output. Analysts had been expecting increases of just...

    • Purchasing Managers’ Index (PMI)
  69. Largest monthly rise in US consumer prices since June 2009

    15 March 2013

    "A jump in gasoline prices meant US consumer prices rose more-than-expected in February, showing the largest monthly increase since June 2009....

    • Purchasing Managers’ Index (PMI)
  70. US retail sales growth hits five-month high in February

    13 March 2013

    "Total retail sales in the US were expected to have increased by 0.5%, with core sales (which exclude autos, gas stations and building materials)...

    • Purchasing Managers’ Index (PMI)
  71. Eurozone industrial production falls more than expected in January

    13 March 2013

    "Eurozone industry fared worse than expected in January, but the underlying trend in the sector is one of a moderating, albeit still severe,..."...

    • Purchasing Managers’ Index (PMI)
  72. UK: Industrial production slide adds to 'triple-dip' recession worries

    12 March 2013

    "Industrial production suffered a shock fall in January, led down by a steep drop in oil and gas extraction and a slump in manufacturing output....

    • Purchasing Managers’ Index (PMI)
  73. Week Ahead Economic Overview [11-15 Mar]: US retail sales data to add to signs of GDP upturn in Q1

    08 March 2013

    "In the US, February retail sales and the University of Michigan's preliminary estimate of consumer confidence in March are likely to show that...

    • Purchasing Managers’ Index (PMI)
  74. Surge in U.S. job creation adds to signs of improving economic health

    08 March 2013

    "U.S. non-farm payrolls rose by 236,000 in February, smashing through market expectations of a rise of 160,000. Even though January's total was...

    • Purchasing Managers’ Index (PMI)
  75. German regional PMI data signal solid rise in Bavarian business activity

    08 March 2013

    "After a downbeat end to 2012, regional PMI data produced by Markit indicated a brighter start for 2013 in Bavaria's business sector. The Free...

    • Purchasing Managers’ Index (PMI)
  76. Consumers under pressure as inflation worries intensify

    08 March 2013

    "Data from the Bank of England showed inflation expectations rising in February. Inflation in 12 months' time is expected to be running at 3.6%...

    • Purchasing Managers’ Index (PMI)
  77. ECB holds rates but discusses looser policy

    07 March 2013

    "The European Central Bank left interest rates unchanged at its March policy meeting, disappointing the minority of analysts that had been expected...

    • Purchasing Managers’ Index (PMI)
  78. Bank of England keeps monetary policy unchanged

    07 March 2013

    The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its March meeting. Signs of better growth in the service sector...

    • Purchasing Managers’ Index (PMI)
  79. Broad-based slowdown in emerging markets growth in February

    06 March 2013

    "The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell from 53.8 in January to 52.3 in February. That...

    • Purchasing Managers’ Index (PMI)
  80. UK Services PMI upturn puts economy on course for marginal growth in first quarter

    05 March 2013

    Worries about a triple-dip recession in the UK have been softened as service sector companies reported the strongest upturn in business activity...

    • Purchasing Managers’ Index (PMI)
  81. Strength of first quarter growth under scrutiny as Global PMI hits four-month low

    05 March 2013

    "Global economic growth slowed to a four-month low in February, according to the JPMorgan Global PMI, a survey-based leading indicator of worldwide...

    • Purchasing Managers’ Index (PMI)
  82. Sterling rebounds as UK PMI data allay fear of "triple-dip' recession

    05 March 2013

    "Having fallen below $1.50 for the first time in just over two years on Friday due to much weaker-than-expected manufacturing PMI data, sterling...

    • Purchasing Managers’ Index (PMI)
  83. Japanese PMIs point to Abenomics-fuelled growth upturn

    05 March 2013

    "Business confidence in Japan has surged to a five-and-a-half year high, fuelled by expectations of economic recovery following the government's...

    • Purchasing Managers’ Index (PMI)
  84. Irish exporters outperform domestically-focussed firms

    05 March 2013

    "A new analysis of PMI data indicates that Irish exporters have consistently outperformed their non-exporting counterparts since the financial...

    • Purchasing Managers’ Index (PMI)
  85. Eurozone downturn accelerates despite German growth

    05 March 2013

    "At 47.9 in February, the Markit Eurozone PMI Composite Output Index came in above the earlier flash estimate of 47.3 but remained down on January's...

    • Purchasing Managers’ Index (PMI)
  86. Week Ahead Economic Overview [4-8 Mar]: Service sector PMIs to give guidance ahead of monetary policy meetings at the Bank of England and ECB

    01 March 2013

    "A crowded week for economy watchers includes the worldwide service sector PMIs, US non-farm payrolls, a wealth of indicators for China, fourth...

    • Purchasing Managers’ Index (PMI)
  87. Return to contraction of UK manufacturing sector in February

    01 March 2013

    "The UK manufacturing sector lost considerable momentum during February, with output, new orders and employment all posting net reductions since...

    • Purchasing Managers’ Index (PMI)
  88. Global manufacturing growth maintained, albeit at weaker pace

    01 March 2013

    "Growth of the global manufacturing sector was maintained in February, although the rate of improvement eased from the start of the year and...

    • Purchasing Managers’ Index (PMI)
  89. Eurozone manufacturing downturn continues despite German stabilisation

    01 March 2013

    "At 47.9 in February, up slightly from a flash reading of 47.8, the seasonally adjusted Markit Final Eurozone Manufacturing PMI was unchanged...

    • Purchasing Managers’ Index (PMI)
  90. Euro area reliance on exports for growth highlighted by PMI divergences

    01 March 2013

    Data derived from the Markit Eurozone Manufacturing PMI survey shows a clear divergence between the performance of exporting companies and those...

    • Purchasing Managers’ Index (PMI)
  91. US fourth quarter GDP contraction revised away to show marginal growth

    28 February 2013

    The US economy is estimated to have grown at an annualised rate of 0.1% in the final quarter of last year rather than having contracted 0.1%...

    • Purchasing Managers’ Index (PMI)
  92. UK economic downturn due to cautious consumers, falling business investment and export losses

    27 February 2013

    "The UK economy contracted 0.3% in the final quarter of last year, but is now estimated to have grown in 2012 as a whole rather than stagnated...

    • Purchasing Managers’ Index (PMI)
  93. UK bank lending disappoints in January as mortgage approvals drop and businesses continue to repay debt

    25 February 2013

    "There was little evidence of the government's Funding for Lending Scheme driving more bank lending in January, according to statistics from...

    • Purchasing Managers’ Index (PMI)
  94. China Flash Manufacturing PMI signals weakest growth for four months

    25 February 2013

    "The HSBC Manufacturing PMI fell from a two-year high of 52.3 in January to 50.4 in February, according to the flash estimate produced by Markit....

    • Purchasing Managers’ Index (PMI)
  95. Week Ahead Economic Overview [25 Feb - 1 Mar]: Manufacturing PMIs to give update on health of global economy in February

    22 February 2013

    "The week starts with the release of the flash manufacturing PMI for China on Monday and ends with worldwide final PMI releases on Friday. However...

    • Purchasing Managers’ Index (PMI)
  96. European Commission sees eurozone contraction in 2013

    22 February 2013

    A downward revision to the European Commission's economic growth forecasts for the eurozone suggest that governments will be given more time...

    • Purchasing Managers’ Index (PMI)
  97. UK Government borrowing still set to rise despite healthy January surplus

    21 February 2013

    "Government borrowing figures were much better than expected in January but, with just two months of the tax year remaining, borrowing is still...

    • Purchasing Managers’ Index (PMI)
  98. Sharpest rise in U.S. manufacturing output in almost two years

    21 February 2013

    "The Markit Flash U.S. Manufacturing PMI signalled further expansion of the manufacturing sector in February, although the rate of growth slowed...

    • Purchasing Managers’ Index (PMI)
  99. Eurozone PMI signals steepening downturn in February

    21 February 2013

    "The Markit Eurozone PMI" Composite Output Index fell to 47.3 in February from 48.6 in January, according to the flash estimate. The decline...

    • Purchasing Managers’ Index (PMI)
  100. UK employment reaches all-time high

    20 February 2013

    The head scratching intensifies as data show employment rising to a new all-time high at the same time as the economy contracted at the end of...

    • Purchasing Managers’ Index (PMI)
  101. Using PMI data to analyse auto industry metal demand

    19 February 2013

    PMI data from Markit can be used to gain an insight into the auto sector's demand for raw materials such as metals and its relative performance...

    • Purchasing Managers’ Index (PMI)
  102. Week Ahead Economic Overview [18-22 Feb]: Flash PMIs released for US and eurozone

    15 February 2013

    The health of the global economy in February will come into focus with the publication of the flash PMIs on Thursday. The Markit-produced business...

    • Purchasing Managers’ Index (PMI)
  103. US industrial production growth trend hits 11-month high despite January dip

    15 February 2013

    "Industrial production fell 0.1% in January, confounding analysts' expectations of a 0.2% increase. The downturn was led by a 0.4% drop in manufacturing..."...

    • Purchasing Managers’ Index (PMI)
  104. UK retail sales suffer steepest downward trend for almost three years

    15 February 2013

    "Widespread heavy snowfall deterred high street shoppers in January, causing retail sales to drop 0.6% during the month, also down 0.6% on a...

    • Purchasing Managers’ Index (PMI)
  105. Official data confirm surveys, as Eurozone GDP shows largest fall since early-2009

    14 February 2013

    "Eurozone GDP contracted 0.6% in the final quarter of 2012, a steep contraction that was identified by PMIs well in advance of official data....

    • Purchasing Managers’ Index (PMI)
  106. Gloomier Bank of England sees monetary policy alone as insufficient to generate robust growth

    13 February 2013

    "The Bank of England revised down its growth forecasts in its latest quarterly Inflation Report and hiked its expectations for inflation. However...

    • Purchasing Managers’ Index (PMI)
  107. Eurozone industrial production suffers steepest quarterly fall since early-2009

    13 February 2013

    "Industrial production rose across the euro area in December, but the increase follows steep falls in each of the previous three months and care...

    • Purchasing Managers’ Index (PMI)
  108. UK inflation stuck at 2.7% despite weak demand

    12 February 2013

    "UK inflation remained stuck at 2.7% for the fourth month running in January, according to the Office for National Statistics. Retail price inflation...

    • Purchasing Managers’ Index (PMI)
  109. French industrial sector sees steepest quarterly downturn for almost four years

    11 February 2013

    "The French industrial sector suffered the steepest decline in output since the height of the financial crisis, official data for the end of...

    • Purchasing Managers’ Index (PMI)
  110. Week Ahead Economic Overview [11-15 Feb]: Eurozone GDP to show deepening recession

    08 February 2013

    The first estimate of eurozone GDP in the final three months of 2012 is expected to show the region contracting for the third successive quarter....

    • Purchasing Managers’ Index (PMI)
  111. Further signs of US upturn as exports jump 2.1% in December

    08 February 2013

    "Trade data for December paint a reassuring and encouraging picture of the US economy at the end of last year, suggesting the economy did not...

    • Purchasing Managers’ Index (PMI)
  112. Chinese export growth surges in January, inflation cools

    08 February 2013

    Strong growth of China's exports in January add to evidence that the world's second largest economy is seeing a further acceleration in the pace...

    • Purchasing Managers’ Index (PMI)
  113. Signs of UK upturn as production and exports rise in December

    07 February 2013

    "Manufacturing and trade showed signs of renewed life in December, adding to indications that the UK economy gathered momentum at the end of...

    • Purchasing Managers’ Index (PMI)
  114. German industrial sector shrinks at fastest pace since 2009

    07 February 2013

    "Manufacturing output in Germany is falling at the fastest quarterly rate since early 2009, according to official data which are now confirming...

    • Purchasing Managers’ Index (PMI)
  115. European auto sector stabilises in January

    07 February 2013

    "Having undergone the steepest downturn since the height of the financial crisis last year, January PMI data for the European automobiles industry...

    • Purchasing Managers’ Index (PMI)
  116. UK PMI surveys highlight the risks of nominal GDP targeting

    06 February 2013

    "The PMI surveys signalled a return to growth of the UK private sector economy in January, and have also moved back to a level consistent with...

    • Purchasing Managers’ Index (PMI)
  117. HSBC EMI: Emerging markets growth gains momentum in January

    06 February 2013

    "The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, rose from 53.0 in December to 53.9 in January. That...

    • Purchasing Managers’ Index (PMI)
  118. UK PMIs signal economy's return to growth in January

    05 February 2013

    "Business activity in the UK picked up at the start of the year, according to the PMI surveys, pointing to a return to growth of the UK economy...

    • Purchasing Managers’ Index (PMI)
  119. Slower US expansion acts as drag on wider global economic upturn

    05 February 2013

    "Global economic growth slowed slightly in January compared to December's nine-month high, according to purchasing managers' surveys, but remained...

    • Purchasing Managers’ Index (PMI)
  120. Eurozone downturn eases but national divergence hits record high

    05 February 2013

    "At 48.6 in January, from 47.2 in December, the Markit Eurozone PMI Composite Output Index rose to a ten-month high and came in above its earlier...

    • Purchasing Managers’ Index (PMI)
  121. Week Ahead Economic Overview [4-8 Feb]: Service sector PMIs and ISM non-manufacturing

    01 February 2013

    "The week sees the publication of worldwide service sector PMI numbers for January, as well as monetary policy meetings at the ECB and Bank of..."...

    • Purchasing Managers’ Index (PMI)
  122. US: Solid growth of payrolls fails to prevent rise in jobless rate

    01 February 2013

    A solid gain in US employment provides welcome reassurance that the US economy is healthier than the surprise fall in fourth quarter GDP and...

    • Purchasing Managers’ Index (PMI)
  123. Growth of UK manufacturing production at 16-month high in January

    01 February 2013

    "UK manufacturing production continued to expand at the start of 2013, following a further increase in new orders and ongoing efforts to clear...

    • Purchasing Managers’ Index (PMI)
  124. Global manufacturing growth hits ten-month high in January

    01 February 2013

    "The global economy showed further signs of pulling out of the soft patch seen last year, with worldwide manufacturers reporting the first significant..."...

    • Purchasing Managers’ Index (PMI)
  125. Eurozone manufacturing recession eases at start of 2013

    01 February 2013

    "The downturn in the Eurozone manufacturing sector eased at the start of 2013, as rates of decline in production and new orders both slowed.Download...

    • Purchasing Managers’ Index (PMI)
  126. Surprise fourth quarter economic contraction in the US

    30 January 2013

    "The US suffered a surprise economic contraction in the final quarter of last year, but this is not likely to be the start of a double-dip recession....

    • Purchasing Managers’ Index (PMI)
  127. Eurozone business sentiment rises for third month running

    30 January 2013

    An increase in business sentiment for the third month running in January provides further evidence that the Eurozone's recession is showing signs...

    • Purchasing Managers’ Index (PMI)
  128. Week Ahead Economic Overview [28 Jan-1 Feb]: US GDP growth expected to have slowed in Q4

    25 January 2013

    The most important economic releases will come out of the US. The first estimate of US GDP in the final quarter of last year is expected to show...

    • Purchasing Managers’ Index (PMI)
  129. UK official data confirm fourth quarter economic contraction

    25 January 2013

    "The UK economy contracted more than expected in the final three months of last year according to official data, confirming earlier signs of...

    • Purchasing Managers’ Index (PMI)
  130. Germany: Business cycle upswing signalled as IFO survey rises in line with PMI

    25 January 2013

    "The IFO survey of German business conditions rose sharply in January, matching a similar rise in the flash PMI, published on Thursday. The positive...

    • Purchasing Managers’ Index (PMI)
  131. Worldwide manufacturing upturn gains further momentum in January

    24 January 2013

    "Purchasing manager surveys indicate that the global economy has picked up further momentum at the start of 2013. Markit's flash manufacturing...

    • Purchasing Managers’ Index (PMI)
  132. Eurozone downturn eases as PMI hits ten-month high

    24 January 2013

    "The Markit Eurozone PMI Composite Output Index rose for the third consecutive month in January according to the flash estimate, up to a ten-month...

    • Purchasing Managers’ Index (PMI)
  133. Chinese Manufacturing PMI starts 2013 on two-year high

    24 January 2013

    "China's manufacturing economy grew at the fastest rate for 24 months in January. The flash manufacturing PMI for China, produced by Markit on...

    • Purchasing Managers’ Index (PMI)
  134. UK labour market shows resilience as employment climbs to record high

    23 January 2013

    "The UK labour market continued to show surprising resilience in the face of signs of renewed economic weakness in the fourth quarter, with employment..."...

    • Purchasing Managers’ Index (PMI)
  135. UK government borrowing higher than expected as weak economic growth hits tax revenues

    22 January 2013

    "Government borrowing appears on course to be higher than planned for the current year, as austerity measures have failed to reduce government...

    • Purchasing Managers’ Index (PMI)
  136. Steel-user PMI data as a leading indicator of steel production

    22 January 2013

    "An insight into future steel production can be gleaned from surveys of how busy steel-using companies are, looking at their production, order...

    • Purchasing Managers’ Index (PMI)
  137. Week Ahead Economic Overview [21-25 Jan]: UK, South Korean GDP and worldwide Flash PMIs

    18 January 2013

    "Flash PMIs for China, the Eurozone and the US are published by Markit on Thursday, as is South Korean Q4 GDP. The UK publishes the first estimate...

    • Purchasing Managers’ Index (PMI)
  138. Week Ahead Economic Overview [14-18 Jan]: China GDP growth to have gained pace in Q4

    11 January 2013

    An overview of the week's economic releases.Download full article

    • Purchasing Managers’ Index (PMI)
  139. UK industrial production suffers steepest downward trend since April 2009

    11 January 2013

    Industrial production data for November add to the likelihood of the UK economy having contracted in the final quarter of last year. There are...

    • Purchasing Managers’ Index (PMI)
  140. Global Manufacturing PMI as a leading indicator of commodity prices

    10 January 2013

    "Historical analysis of the JP Morgan Global Manufacturing PMI, compiled by Markit, illustrates the predictive power of the index for tracking...

    • Purchasing Managers’ Index (PMI)
  141. Emerging market growth accelerates slightly in Q4 as manufacturing sector expands

    10 January 2013

    "The final EMI report for 2012 indicated a slight acceleration in economic growth across emerging markets worldwide. That said, total activity...

    • Purchasing Managers’ Index (PMI)
  142. China's trade surplus grows in December as exports revive

    10 January 2013

    "A revival of export growth helped drive China's trade surplus sharply higher in December. The trade data signal an encouragingly strong end...

    • Purchasing Managers’ Index (PMI)
  143. UK trade deficit narrows as rising goods exports add to signs of manufacturing revival

    09 January 2013

    "An upturn in goods exports in November adds to signs that the manufacturing economy showed signs of improving in the final quarter of last year....

    • Purchasing Managers’ Index (PMI)
  144. Steep fall in German industrial production raises spectre of fourth quarter GDP slide

    09 January 2013

    Official industrial production data have moved closer into line with survey data which have indicated that the German economy contracted in the...

    • Purchasing Managers’ Index (PMI)
  145. Slumping exports add to fourth quarter downturn worries in Germany

    08 January 2013

    A steep fall in exports adds to evidence that the German economy slid into contraction in the final quarter of 2012. The business surveys suggest...

    • Purchasing Managers’ Index (PMI)
  146. Output trends improve across most European sectors in December, with banks in particular returning to growth

    08 January 2013

    "Although 14 of the 22 sectors covered by detailed sector PMI data for Europe posted a reduced level of output in December, the rates of contraction...

    • Purchasing Managers’ Index (PMI)
  147. Global economy ends 2012 on nine-month high

    08 January 2013

    "Global economic growth edged up to a nine-month high in December, according to the global PMI surveys, rounding off the best quarter since the...

    • Purchasing Managers’ Index (PMI)
  148. France: Slumping exports add to fourth quarter downturn worries

    08 January 2013

    "French exports fell sharply in November, according to official data, matched by a similar steep fall in imports. Survey data suggest that a...

    • Purchasing Managers’ Index (PMI)
  149. Week Ahead Economic Overview [7-11 Jan]: No change in policy expected at the BoE and ECB

    04 January 2013

    An overview of the week's economic releases.

    • Purchasing Managers’ Index (PMI)
  150. UK: Renewed weakness in December PMI surveys rounds off worst quarter for three-and-a-half years

    04 January 2013

    The UK saw a renewed bout of economic weakness at the end of 2012. The all-sector Output Index from the three PMI surveys fell below the 50.0...

    • Purchasing Managers’ Index (PMI)
  151. Slowest decline in Madrid economic output for a year-and-a-half

    04 January 2013

    "PMI survey data indicate that the economic downturn has moderated sharply in the Madrid region, providing a ray of hope while the country as...

    • Purchasing Managers’ Index (PMI)
  152. Ireland bucks Eurozone downturn as growth accelerates in the fourth quarter

    04 January 2013

    "The Irish economy continues to recover modestly, in contrast to the picture seen across much of the rest of the Eurozone. The latest official...

    • Purchasing Managers’ Index (PMI)
  153. Global economic growth at nine-month high in December

    04 January 2013

    "Global private sector output expanded at the fastest pace for nine months in December, rounding off the strongest quarter since Q1 2012. Trends...

    • Purchasing Managers’ Index (PMI)
  154. Eurozone downturn eases at the end of 2012. Germany returns to growth, but recessions continue in France, Italy and Spain

    04 January 2013

    "The Eurozone downturn eased further at the end of 2012, as rates of contraction in economic output and new business slowed. At a nine-month...

    • Purchasing Managers’ Index (PMI)
  155. Activity at Hotels & Restaurants in Spain falls sharply after VAT rise

    04 January 2013

    In September 2012, Spain raised both its headline rate of VAT and the reduced rate eligible on certain items to help cut the budget deficit....

    • Purchasing Managers’ Index (PMI)
  156. UK manufacturing production and new orders expand in December

    02 January 2013

    "The UK manufacturing sector ended 2012 on a positive note, with levels of production and new orders rising at faster rates in December. The...

    • Purchasing Managers’ Index (PMI)
  157. Global manufacturing holds steady at end of 2012

    02 January 2013

    "The global manufacturing sector continued to stabilise in December. At 50.2, from 49.6 in November, the JPMorgan Global Manufacturing PMI -...

    • Purchasing Managers’ Index (PMI)
  158. Eurozone manufacturing ends 2012 mired in recession, as demand from domestic and export markets remains weak

    02 January 2013

    "The Eurozone manufacturing sector ended the year on a weak footing, with levels of production and new orders both contracting further in December....

    • Purchasing Managers’ Index (PMI)

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