Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
ECONOMICS COMMENTARY Jul 15, 2021

Week Ahead Economic Preview: Week of 19 July 2021

Contributor Image
Chris Williamson

Chief Business Economist, S&P Global Market Intelligence

Contributor Image
Jingyi Pan

Economics Associate Director, Operations - IMPG , S&P Global Market Intelligence

Contributor Image
Rajiv Biswas

Executive Director and Asia-Pacific Chief Economist, S&P Global Market Intelligence

Download full report

The first glimpses of worldwide economic growth and inflation trends at the start of the third quarter will be revealed by flash PMI surveys for July, and the European Central Bank and Bank Indonesia will also hold monetary policy meetings in what's going to be a busy week of economic data releases.

Crossing the mid-year point, markets have stepped into murkier waters with global economic growth showing hints of slowing while the spread of the Delta variant has become an increasing problem for a greater number of countries. June PMI surveys offered a comparable view of the different countries' growth momentum which , charted against their vaccination progress, emphasises the difference between the haves and have-not where vaccines are concerned.

Given this point, the urgency to step up the inoculation progress had certainly been noted, though it remains to be seen if the widening divergence, such as that evident between the developed and emerging world, may show signs of reversal. This will be closely watched in the July iteration of PMI surveys.

Record price index readings in PMI surveys have meanwhile provided a prescient insight into recent upside inflation surprises, so the costs and selling prices gauges, as well as capacity constraint indicators such as supplier lead-times, should also be worth watching.

Central bank meetings continue to unfold, with the ECB holding their first meeting following the tweak to their inflation target. No surprises are expected, though note that forward guidance is set to be revisited.

Contact us

PMI commentary: Chris Williamson, Jingyi Pan

Europe commentary: Ken Wattret

APAC commentary: Rajiv Biswas


© 2021, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.

Learn more about PMI data

Request a demo


This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.

Previous Next
Recommended for you

Purchasing Managers Index (PMI)

Investment Manager Index (IMI) Survey

Unlock comprehensive monthly insights into investor sentiment
Sign up participate
Related Posts
VIEW ALL
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

VIEW ALL
{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fweek-ahead-economic-preview-week-of-19-july-2021.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fweek-ahead-economic-preview-week-of-19-july-2021.html&text=Week+Ahead+Economic+Preview%3a+Week+of+19+July+2021+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fweek-ahead-economic-preview-week-of-19-july-2021.html","enabled":true},{"name":"email","url":"?subject=Week Ahead Economic Preview: Week of 19 July 2021 | S&P Global &body=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fweek-ahead-economic-preview-week-of-19-july-2021.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Week+Ahead+Economic+Preview%3a+Week+of+19+July+2021+%7c+S%26P+Global+ http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fweek-ahead-economic-preview-week-of-19-july-2021.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort