LONDON—Manufacturing activity across the eurozone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in July from June’s 52.1, just ahead of a preliminary…
US Economy Slowing at Pace Not Seen Since 2008 Financial Crisis: S&P Economist
The U.S. economy is declining at a pace not seen since the 2008-09 financial crisis, says Chris Williamson, the chief business economist at S&P Global Market Intelligence, citing the latest round of purchasing managers’ index (PMI) readings. The S&P Global U.S. Manufacturing PMI eased to a two-year low of 52.3 in July, down from 52.7 in…
Japan’s Service Sector Activity Grows at Fastest Rate in Over 8 Years: PMI
TOKYO—Japan’s services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism. The pick-up in activity is welcome news for a government betting on domestic demand to put the world’s third-largest economy firmly on a recovery track…
Drop in Demand Weighs on German Manufacturing, Outlook Darkens: PMI
BERLIN—A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe’s largest economy, a survey showed on Friday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 52.0 in June from May’s final reading of 54.8, in…
Eurozone Factory Production Falls in June for First Time in 2 Years: PMI
LONDON—Eurozone manufacturing production fell last month for the first time since the initial wave of the coronavirus pandemic two years ago as higher prices and a darkening economic outlook kept consumers wary of making purchases, a survey showed. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 52.1 in June from May’s 54.6, its…
Eurozone Business Growth Slumped in June as Price Hikes Bite
LONDON—Eurozone business growth has slowed significantly this month—and by much more than expected—as consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a survey showed on Thursday. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health, slumped to 51.9 in…
Global Factory Activity Slows in May as China’s COVID-19 Curbs Weigh
June 5, 2022
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LONDON/TOKYO—Global growth in factory activity slowed in May as China’s strict coronavirus curbs and Russia’s invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices. Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia, business surveys showed on Wednesday,…
Japan’s Service Sector Activity Grows at Fastest Pace in 6 Months—PMI
TOKYO—Japan’s services sector activity grew at the fastest pace in half a year in May as consumer sentiment recovered further following the easing of coronavirus curbs, though high energy and material costs pushed up input prices by a record rate. The final au Jibun Bank Japan Services Purchasing Managers’ Index (PMI) rose to a seasonally…
Backlogs, More Staff Help German Factories Against Headwinds: PMI
June 2, 2022
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BERLIN—German manufacturers slightly increased outputs in May, buoyed by order backlogs, increased staffing, and, in some cases, improved materials availability, but a further decline in new orders mean rough seas ahead, a survey found on Wednesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the economy, came…
Russian Manufacturing Activity Returns to Growth in May—PMI
Russian manufacturing activity expanded in May after three months of contraction and price pressures eased notably, but sanctions continued to dent client demand, a survey showed on Wednesday. The S&P Global Purchasing Managers’ Index (PMI) rose to 50.8 from 48.2 in the previous month, climbing above the 50.0 mark that separates expansion from contraction for…
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