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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 …

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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 …

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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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US PMI Shows More Recovery Signs

The flash US Composite PMI Output Index posted 50.0 in July, up from 47.9 signaling a stabilization in private sector output, according to data by IHS Markit. Data shows that private sector companies in the United States are showing stable business activity and recovering from the impacts of the COVID-19 …

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UK Economy Showing Strong Recovery

The headline seasonally adjusted UK Composite Output Index registered 57.1 in July, up from 47.7 in June, according to data by the IHS Markit and CIPS survey. The improvement in business conditions across the UK helped the private sector economy in restoring recovery signs against the COVID-19 crisis. The flash …

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