The eurozone region maintained a “strong rate of growth” in March 2022, dropping only slightly from February’s five-month high despite a record surge in inflation, ratings agency S&P Global said in a recent report. The seasonally adjusted S&P Global Eurozone PMI Composite Output Index in March 2022 was recorded at 54.9, slightly lower than 55.5…
350 Million People Impacted by Global Power Outages: Report
February 1, 2022
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Significant power outages in 2021 affected around 350 million people, or 4 percent of the world’s population, according to a new study. In a report titled “Are We Entering an Age of Increasing Power Supply Disruptions?” IHS Markit discovered that extreme weather events and energy transition trends eroded reliability and disrupted some of the world’s…
Manufacturing Output Decreases Pace Due to Persistent Material Shortages: IHS Markit Survey
U.S. manufacturing output has slowed down, according to data from a survey of purchasing managers amidst restrained demand in the market, mainly owing to severe material shortages that have resulted in longer production lead times and work backlogs. “With the exception of October and November, the pace of output growth was the slowest since October…
UK Recovery Perks up Despite Consumer Gloom and Inflation Surge
LONDON—Britain’s economy unexpectedly regained momentum in October, despite surging costs and mixed consumer signals, according to surveys on Friday that could tempt the Bank of England (BoE) to raise interest rates for the first time since the pandemic. The preliminary “flash” IHS Markit/CIPS Composite Purchasing Managers’ Index rose by the largest amount since May to…
US Business Activity Accelerates in October, Shortages Hamper Factories: IHS Markit Survey
October 22, 2021
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WASHINGTON—U.S. business activity increased solidly in October, suggesting economic growth picked up at the start of the fourth quarter as COVID-19 infections subsided, though labor and raw material shortages held back manufacturing. Data firm IHS Markit said on Friday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rebounded to…
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