BERLIN—A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty, and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s…
Euro Zone Factory Output Growth Stalled in April: PMI
LONDON—Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left factories struggling and…
Beijing’s ‘Zero-COVID’ Threatens China’s Economy
April 25, 2022
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News Analysis As the Omicron variant is causing a surge in COVID-19 infections across 30 provinces and municipalities in China, Beijing’s “zero-COVID” restrictions appear to be causing more harm than good. The strict measures are sapping the productivity of businesses, weakening the stock market’s performance, forcing about 400 million people to remain in lockdown, and…
China’s Services Sector Activity Hit Hard by Zero-COVID Policy: Caixin PMI
BEIJING—Activity in China’s services sector contracted at the sharpest pace in two years in March as a surge in coronavirus cases restricted mobility and weighed on demand, a private sector survey showed on Wednesday. The Caixin services Purchasing Managers’ Index (PMI) dived to 42.0 in March from 50.2 in February, dropping below the 50-point mark…
China’s Economic Activity Contracts Rapidly Amid Worst COVID Outbreaks in 2 Years
Activities in China’s manufacturing and services sectors contracted quickly in March as local governments locked down major factory and trade hubs to curb the worst resurgence of COVID-19 cases since early 2020. The Caixin/Markit survey showed on April 1 that China’s manufacturing Purchasing Managers’ Index (PMI) shrank to 48.1 in March, indicating the steepest rate of contraction…
China’s Factory Activity Contracts at Fastest Pace in 2 Years Amid Worsening COVID Outbreaks
Activities in China’s manufacturing and services sectors contracted quickly in March as local governments locked down major factory and trade hubs to curb the worst resurgence of COVID-19 cases since early 2020. The Caixin/Markit survey showed on April 1 that China’s manufacturing Purchasing Managers’ Index (PMI) shrank to 48.1 in March, indicating the steepest rate of contraction…
Euro Zone March Business Growth Strong but Outlook Darkens: PMI
March 24, 2022
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LONDON—Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates. However, some of that expansion came from a rebound following the lifting of COVID restrictions and the outlook is murky…
Japan’s February Factory Activity Growth Falls to 5-month Low: Flash PMI
TOKYO—Japan’s manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on the world’s third-largest economy. Activity in the services sector shrank at the fastest rate since May 2020 as demand weakened after the country saw coronavirus infections spike…
China’s Services Sector Grows at Slowest Rate in 5 Months, Another Sign of a Weakening Economy
The expansion of China’s services sector fell to a five-month low in January, and sentiment toward the year ahead sank to the lowest level in 16 months, a private survey stated on Feb. 7, as the pandemic and strict “zero-COVID” measures hit new business and employment. The Caixin/Markit services Purchasing Managers’ Index (PMI) dropped to…
Japan’s Service Sector Shrinks at Fastest Pace in 5 Months: PMI
TOKYO—Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus infections due to the Omicron variant. The world’s third-largest economy has seen COVID-19 cases surge in recent weeks, forcing the government to roll out tougher curbs across much…
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