The UK services sector activity came less than expectations in February, the final report from IHS Markit came out this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 49.5 in February versus 49.7 expected and a 49.7 – last month’s flash reading.
Read More »U.S. Manufacturing PMI Declines in January – IHS Markit
The seasonally adjusted United States Manufacturing Purchasing Managers’ Index (PMI) registered a final reading of 58.6 in February, down from 59.2 in January, data by IHS Markit showed on Monday. This marked the second strongest performance by the U.S. manufacturing sector in almost 11 years. The reading indicated an upturn …
Read More »Chicago PMI Declines in February
The Chicago Purchasing Managers’ Index (PMI) declined to 59.5 in February from 63.8 in January, data by ISM-Chicago showed on Friday. Despite the decline, it is worth noting that for the index a reading above 50 indicates the expansion of the manufacturing sector, while a reading below this level indicates …
Read More »German Services Sector Records Its Biggest Contraction in 9 Months
The preliminary reading for service PMI in Germany showed a drop to 45.9 in February 2021 versus 46.7 last and below expectations of 46.5. Soft figures indicated the fastest decline in service production since May of last year, As isolation measures due to Coronavirus continue to weigh on service activity
Read More »German Preliminary Manufacturing PMI Came at 60.6 in Feb
The German manufacturing sector expanded more-than-expected in February, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. The Manufacturing PMI in Eurozone’s economic power house came in 60.6 at this month vs. 56.5 expected and 57.1 prior.
Read More »UK Retail Sales Miss Estimates With 8.2% MoM in January
The UK retail sales came in at -8.2% over the month in January vs. -2.5% expected and 0.3% last. The core retail sales, excluding the auto motor fuel sales, stood at -8.8% MoM vs. -2.6% expected and 0.4% last. On an annualized basis, the UK retail sales dropped by 5.9% …
Read More »Eurozone Preliminary Manufacturing PMI Arrives at 57.7 in Feb
The Eurozone manufacturing sector activity improved more-than-expected this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday. The Eurozone Manufacturing purchasing managers index (PMI) improved from 54.8 in January to 57.7 in February and beat 54.4 expectations while the Services PMI dropped to 44.7 in Feb vs. …
Read More »ISM Services PMI Rises in January
The economic activity of the United States services sector expanded during January for the eighth consecutive month, according to the latest Services ISM Report on Business, which was released on Wednesday. The report of the Institute for Supply Management (ISM) Services Business Survey showed that the Services purchasing managers’ index …
Read More »UK Final Services PMI Revised up to 39.5 in Jan
The UK services sector activity contracted less-than-expected in January, the final report from IHS Markit confirmed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 39.5 in January versus 38.8 expected and a 38.8 – last month’s flash reading.
Read More »U.S. Manufacturing PMI Rises in January
The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) rose in January to a reading of 59.2 up from 57.1 in December, data showed on Monday. The final reading comes in line with the earlier flash estimate of 59.1. The reading signals a substantial improvement in operating …
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