A survey on Friday showed that Eurozone economic activities slipped back into decline this month with renewed restrictions to control the coronavirus pandemic, forcing many companies in the region’s dominant service sector to limit operations. A second wave of the virus swept across Europe, and 90% of economists polled by …
Read More »US: ISM Manufacturing PMI Declines in September
The economic activity in the US’ manufacturing sector expanded in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4 from 56. This reading came in worse than the market expectation of 56.3 Further details of the publication revealed that the Prices Paid …
Read More »UK Manufacturing PMI Revised Down to 54.1 in September
The UK manufacturing sector activity expanded less-than-expected in September, the final report from IHS Markit confirmed this Thursday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower to 54.1 in August from 54.1 preliminary estimates. Rob Dobson, Director at IHS Markit, which compiles thesurvey:“September saw …
Read More »US PMI Declines in September but Manufacturing Sector Advances
The IHS Markit Flash U.S. Composite PMI Output Index posted 54.4 at the end of the third quarter (Q3) of 2020, down from 54.6 in August, adjusted for seasonal factors. However, the index’s quarterly average was the highest since the opening three months of 2019. The seasonally adjusted IHS Markit …
Read More »US Markit Manufacturing PMI Edges Higher to 53.5
The business activity in the US manufacturing sector is seen expanding at a robust pace in September with the IHS Markit’s advanced Manufacturing PMI rising from 53.1 in August to 53.5. This reading came in better than the market expectation of 53.2. Further details of the publication revealed that the …
Read More »Eurozone Preliminary Manufacturing PMI rises to 53.7
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 …
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