The Eurozone manufacturing sector activity continued to improve this month, the latest manufacturing activity survey from IHS/Markit research showed on Wednesday. The Eurozone Manufacturing purchasing managers index (PMI) improved from 51.7 in August to 53.7 in September above 51.9 expectations while the Services PMI dropped to 47.6 in September vs. …
Read More »Eurozone Services PMI Barely Expand in August
Service activity in the Eurozone posted some decline in August, but remains within the expansion zone. Eurozone service activity barely expanded in August. The IHS Markit eurozone services PMI registered 50.5 in August versus 54.7 in July, slightly above the flash reading of 50.1 and over the 50 mark indicating …
Read More »French Service Activity Less Than Expected
The service activity index in the French economy extended growth in August less than expected, as data released by Markit on Thursday showed that the French services PMI came at 51.5 in August, compared to 57.3 in July. Analysts had expected 51.9 The Euro is trading at 1.1823, down about …
Read More »Japan’s Services PMI Fell to 45 in August
Japanese service activity contracted at a rapid pace last month, dropping the service purchasing managers’ index to 45.0 in August from 45.4 in July. The Japanese service activity was affected by the uncertainty and weak demand surrounding the business sector due to the Corona pandemic.
Read More »US: Markit Manufacturing PMI Improves to 53.1 in August
The IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for the US improved from 50.9 in July to 53.1 in August to show that the economic activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly weaker than the previous estimate and the market …
Read More »Canada: PMI Climbs to 55.1 in August
The economic activity in Canada’s manufacturing sector expanded at a stronger pace in August than it did in July with the IHS Markit’s Manufacturing PMI rising to 55.1 from 50.4. This reading beat the market expectation of 50.4. “Latest data highlighted a strong upturn in the Canadian manufacturing industry, continuing …
Read More »Eurozone Manufacturing PMI Eases But Stays In Expansion
A survey on Tuesday, September 1 showed that Eurozone manufacturing activity remained on a recovery path last month, but factory managers were wary of investment and employment as the coronavirus pandemic spreads. Industrial production, which had not experienced a sharp decline like the service sector during the pandemic, rose for …
Read More »US: Markit Manufacturing PMI Improves to 53.6
The business activity in the US manufacturing sector is seen expanding at a robust pace in August with the IHS Markit’s advanced Manufacturing PMI rising from 50.9 in July to 53.6. This reading came in better than the market expectation of 51.9. Further details of the publication revealed that the …
Read More »German Preliminary Manufacturing PMI Comes in at 53 in August
According to the preliminary manufacturing activity report from IHS/Markit research, released this Friday, the German manufacturing sector improved further in August. In fact, the German manufacturing purchasing managers index (PMI) arrived at 53.0 in August versus 52.5 expected and 51.0 previous, 30-month highs. Meanwhile, Services PMI fell to a two-month …
Read More »Canada’s Ivey PMI Rises in July
The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) rose in July to 68.5 from 58.2 in June, exceeding market expectations, Reuters reported. Data provides another signal for economic recovery from the impacts of the COVID-19 pandemic. This comes two months after the index registered a record low of 22.8 …
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