LONDON—Eurozone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the currency union may escape recession, a survey showed. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health,…
Chip Sales Plunge in China, Buffeting Global Industry
News Analysis Chip sales in China have tumbled at a whopping rate, as productivity in the semiconductor-related sector has contracted dramatically, indicating that the country’s manufacturing industry is shrinking, according to the latest industrial report. The Washington-based Semiconductor Industry Association (SIA) released data on Jan. 9 indicating that compared to the same period in 2021,…
Fading Supply Problems Ease Downturn in German Manufacturing: PMI
BERLIN—Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, rose to 47.1 from November’s 46.2. While it was the…
Eurozone Business Activity Falls at Slower Rate in December, Inflation Eases: PMI
BENGALURU—Eurozone business activity shrank at the slowest pace in four months in December, suggesting a likely recession ahead will be shallower than previously thought, a survey showed on Friday, while prices rose at the most modest rate in about a year. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of…
Eurozone Downturn Continues Into Fifth Month, Points to Winter Recession: PMI
Eurozone output contraction extended into the fifth month after a key index released November data, although the pace of decline eased from October, indicating some tough times ahead for the continent’s economies. “A fifth consecutive monthly falling output signaled by the PMI [Purchasing Managers’ Index] adds to the likelihood that the eurozone is sliding into…
Global Factory Activity Shrank in November but Price Pressures Ease
WASHINGTON/LONDON—Global factory output fell widely last month with U.S. manufacturing activity contracting for the first time in 2.5 years and the impact of China’s COVID-19 lockdowns weighing, although the downturn eased in Europe, surveys showed on Thursday. There were also encouraging signs that inflation may have peaked, or be close to doing so, in many…
China Factory, Services Activities Slide to 7-Month Lows on COVID-19 Curbs
BEIJING—China’s manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country’s strict COVID-19 restrictions and rising infections that analysts said will hurt the economy well into 2023. As the coronavirus has spread in China, Beijing has imposed prolonged lockdowns in several places. The clampdowns have hit production…
Easing Eurozone Downturn Offers Hope of Milder Recession
LONDON—The downturn in eurozone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers still cut spending amid a cost of living crisis, a survey showed on Wednesday. There has been mounting evidence the bloc is entering a recession and in a Reuters poll…
There is No Remedy for China’s Sinking Economy
It is obvious that China’s economy continues to decline and market demand is weak. The Manufacturing PMI (Purchasing Managers’ Index) released by the National Bureau of Statistics (NBS) recorded 49.2 in October, down 0.9 percentage points, contracting again; the Services Business Activity Index and the Composite PMI Output Index both plunged 1.9 percentage points, recording…
Japan Manufacture Slows to a 21-Month Low, but Services Pick Up as Reopening for Visa-Free Travel
October 24, 2022
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Japan’s factory activity growth slowed further to a 21-month low in October as relentless cost pressures torment manufacturers; but service-sector firms received a boost as the country reopened to foreign tourists visa-free. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) eased to a seasonally adjusted 50.7 in October, down from the prior…
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