Search result for PMI
CHINA’S SERVICE SECTOR PMI ROSE IN MARCH AS FIRMS HIRE MORE WORKERS
Highlights –
- China’s service sector PMI rose in March as firms hire more workers.
- The PMI rose to 54.3, higher than 51.5 mark in February.
- Caixin’s composite manufacturing and services PMI also reportedly rose to 53.1 in M...
US MANUFACTURING SECTOR WITNESES ROBUST GROWTH IN MARCH
Highlights
• The report said the Purchasing Managers' Index (PMI) went up by 3.9 percentage points to 64.7 percent
• The March PMI indicates expansion in the overall economy for the 10th month in a row after shrinking in the months or March, April and May in 2020...
CHINA’S MANUFACTURING PMI FELL TO LOWEST LEVEL IN MARCH 2021
Highlights –
- China’s manufacturing PMI fell to lowest level in March 2021.
- Caixin/Markit reported the country’s manufacturing PMI to have dropped to 50.6 in March.
- Producer price inflation in February picked up to its high...
CHINA’S PMI IN DECEMBER FOR ITS MANUFACTURING SECTOR STOOD AT 51.9
Highlights –
- China’s PMI in December for its manufacturing sector stood at 51.9.
- The PMI edged down by 0.2 percentage points from November.
- In December, the country’s sub-index for production stood at 54.2.
- The ...
RETAIL SALES AND BUSINESS ACTIVITY INCREASE IN UK
HIGHLIGHTS
- Consumer spending has recovered near pre-pandemic levels but recession still in UK.
- At the fastest pace in five years, UK private sector business activity grew in JUL 2020.
British economy can hope for a rapid recovery fro...
CONSTRUCTION COMPANIES IN THE UK REPORT AN INCREASE IN THEIR ACTIVITIES
Highlights –
- Construction companies in the UK report an increase in their activities.
- Companies reported growth in construction services for the month of June.
- Only 7 % of the British economic output accounts for construction se...
BUSINESS ACTIVITY OF CHINA HIT 7-MONTH HIGH
Highlights:
- The business activity in China has surged to a 7-month high in June due to a boost in the recovery in the service sector.
- Non-manufacturing purchase index of China has surged to 54.4 in June as compared to 53.6 in May. <...
EUROPEAN STOCK MARKET HAS OUTPERFORMED WORLD STOCKS IN SECOND HALF OF 2020
Highlights –
- Pan-European STOXX 600 has outperformed itself in the world stock market.
- The second half of 2020 shows European stocks put steady ground on Wall Street.
- The common currency has risen by 4%.
- Eurozone Flash Comp...
SERVICE SECTOR OF CHINA BOUNCES BACK POST CORONAVIRUS CRISES
Highlights:
- Since January, the service sector of China has bounced back for the first time as the economy is towards recovery post-coronavirus crises.
- In May, the Caixin/Markit services Purchasing Managers’ Index surge to 55.0 as compared to 44....
MANUFACTURING PMI OF SOUTH KOREA WORSENS
Highlights:
- South Korea’s manufacturing Purchasing Managers’ Index (PMI) fell from 44.2 to 41.6 last month.
- This is the lowest level of PMI since January 2009.
- This may further worsen if the coronavirus pandemic will not be cont...
AS A RESULT OF LOW EURO ZONE BUSINESS ACTIVITY, EUROPEAN MARKETS FALL
Highlights
• Markets start low as Investors continue assessing upcoming economic decisions related to coronavirus impact
• Impact of March PMI on the market
Friday morning saw European markets taking a lower start once again due to impact of global co...
EUROPEAN MARKET CLIMBS: FINALLY SOME SIGNS OF IMPROVEMENT?
Highlights
• PMI for the month came at 52.0
• Analyst made a prediction of PMI to come at 45
• Over 720,000 people already infected by coronavirus, while 37,000 have already died out of it
As per reports, European markets are showing some sig...
CHINA OUT OF THE RUT AND ONTO ROAD TO ECONOMIC PROGRESS
- China slowly but surely treading the long road to economic recovery.
- The PMI index is above 50 which is a healthy sign for the economy moving from its past figure of 35.7 until February end.
China seems to have covered a lot of ground from its...
GOLD IS WINNING OVER BITCOIN IN THE BATTLE OF SAFE HAVENS
Highlights:
- Gold is retaining the most demanded safe-haven by gaining 2.5%.
- PMI data reveals that the world’s second-largest economy is suffering due to coronavirus.
- Amid the global turmoil, the demand for bitcoin is non-existential.<...
EURO AT SEVEN MONTHS LOW
Highlights:
- Euro fell against the US Dollar and is at $1.1049.
- The dollar index is at 97.717 and gained for the consecutive third session.
- The Australian dollar will be at $0.6843.
On Friday, the Euro stood at a seven-mont...
Sweden Manufacturing is boosting Krona
Sweden's Krona got a lift following two back to back long stretches of misfortunes and after Sweden producing yield developed more than the market desire. At the outside trade showcase, the Pound to SEK conversion scale settled at 12.3063 enrolling a - 0.96% misfortune. During Thursday's ...
For the third time in a row, the UK's final services PMI remains in contraction
The services sector reported a downturn in November, which is the third month in a row without expansion, due to the uncertainty around the forthcoming UK general election and Brexit as a whole. As a norm that reflects contraction, a number below 50 is taken. The Purchasing Manager Index (PMI) fo...