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 …
Read More »IHS Markit: US Services PMI Records 50 in July
The seasonally adjusted final IHS Markit US Services PMI Business Activity Index registered a neutral 50 in July, up from 47.9 in June. This is the third monthly rise in a row for the index, and it market the end of five months of contraction, or registering readings below the …
Read More »Canada’s Manufacturing PMI Surges in July
The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 52.9 in July, up from 47.8 in June. This is the first time for the index to pass the 50-point mark in five months, due to the impacts of the COVID-19 pandemic. An improving customer demand as …
Read More »US Manufacturing PMI Signals First Growth since February
July saw an improvement in operating conditions of the manufacturing sector in the United States, the first since February due to the COVID-19 outbreak. Although growth was marginal, it stemmed from the first upturns in output and new orders for five months, as client demand picked up. The seasonally adjusted …
Read More »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 …
Read More »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 …
Read More »German PMI Rises in July
The German economy maintained its move towards recovery during July, according to the latest flash purchasing manager’s index (PMI) data by IHS Markit. The headline Germany Composite Output Index rose sharply again in July, recovering further from a record low in April. The index recorded 55.5 in July, up from …
Read More »Eurozone PMI Expands in July
The Eurozone Manufacturing PMI arrived at 51.1 in July, compared to 50.0 expected, while the Eurozone Services Purchasing Managers’ Index reached 55.1 in July, compared to 51.0 expected. The Eurozone manufacturing sector witnessed an upturn this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday. Eurozone manufacturing …
Read More »French Business Activity Rebounded
Data from HIS Markit showed that French business activity rebounded much more than expected in July with a rebound in the post-lockdowns service sector gained momentum. IHS Markit reported that the preliminary PMI jumped to 57.6 from 51.7 in June, its highest level since January 2018. It came above analysts’ expectations …
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