1. UK PMI adds to signs of fourth quarter economic resilience amid second lockdown

   04 December 2020 Chris Williamson

   UK PMI data showed encouraging resilience amid renewed COVID-19 lockdown measures in November, suggesting the economy is set for a far smaller...

2. Week Ahead Economic Preview: Week of 7 December 2020

   03 December 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson

   The following is an extract from S&P Global’s latest Week Ahead Economic Preview. For the full report (including Special Reports) please click...

3. Global PMI slips lower but future expectations hit highest for over six years

   03 December 2020 Chris Williamson

   The global economic recovery hit a speed bump in November, as rising COVID-19 infections led to a renewed slowing of business activity. But the...

4. Global factory growth close to highest in a decade

   01 December 2020 Chris Williamson

   Global factory output and new orders rose in November at some of the fastest rates seen over the past decade as demand continued to revive from...

5. COVID-19 delays progress on socio-economic targets, but Vietnam's future remains bright

   01 December 2020 Andrew Harker

   The old adage that ‘no plan survives first contact with the enemy’ seems appropriate for this year. The invisible enemy of the coronavirus disease...

6. Assessing the economic impact of escalating Australia-China trade frictions

   26 November 2020 Rajiv Biswas Rahul Kapoor

   China-Australia trade tensions have escalated significantly during 2020, and S&P Global's PMI data show Australia's exports slumping

7. Europe slides into new downturn as US growth hits 5½ year high

   24 November 2020 Chris Williamson

   S&P Global’s flash PMI data indicated divergent economic trends among the major developed economies in November, with accelerating growth in...

8. Flash Eurozone PMI signals steep downturn in November amid COVID-19 lockdowns

   23 November 2020 Chris Williamson

   The eurozone economy plunged back into a severe decline in November amid renewed efforts to quash the rising tide of coronavirus disease 2019...

9. Flash PMI signals renewed economic decline as UK endures second lockdown

   23 November 2020 Chris Williamson

   Renewed lockdown measures to contain a second wave of COVID-19 infections has caused the UK economy to slide back into contraction during November...

10. Japanese private sector economy struggles to gain recovery momentum

    20 November 2020 Bernard Aw

    The Japanese private sector economy continued its struggle to gain recovery momentum midway through the fourth quarter, with flash PMI survey...

11. Week Ahead Economic Preview: Week of 23 November

    20 November 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    Flash PMI surveys will provide important mid-quarter insights into the state of the Eurozone, UK and US economies. The surveys will provide the...

12. Financials, Basic Materials and Consumer Goods outperform in October

    17 November 2020 Eliot Kerr

    The PMI rankings for broad industry sectors in October revealed strong performances for Financials, Basic Materials and Consumer Goods, each...

13. Tracking Monthly Chinese Economic Performance

    17 November 2020 Paul Smith, Ph.D.

    Prior to the global pandemic, China’s GDP growth figures exhibited a noticeable degree of stability, with underlying growth tending to ease in...

14. A record expansion of Brazil’s factory sector contrasts with collapse in Mexico

    17 November 2020 Chris Williamson

    Brazil is leading the global manufacturing recovery, while Mexico continues to suffer an especially steep decline

15. Renewed expansion in Canada fuelled by growing domestic and foreign demand

    17 November 2020

    Latest PMI data signalled that the recovery of Canada’s manufacturing sector continued into October, but a second wave of coronavirus disease...

16. Global growth accelerates in October but divergences widen as COVID-19 numbers rise

    16 November 2020 Chris Williamson

    The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

17. Major European cities underperform amid COVID-19 pandemic

    13 November 2020 Lewis Cooper Andrew Harker

    Europe’s largest cities are underperforming relative to the rest of their nations amid the coronavirus disease 2019 (COVID-19) pandemic, according...

18. RCEP trade agreement boosts Asia-Pacific trade outlook

    12 November 2020 Rajiv Biswas

    Asia-Pacific exports suffered a severe slump in the first half of 2020 due to the shockwaves from the global COVID-19 pandemic and widespread...

19. Vietnam's recovery persists into October, but strong exports trigger US trade policy measures

    05 November 2020 Rajiv Biswas

    Vietnam has been one of the most resilient economies in the Asia-Pacific region to the shockwaves from the global COVID-19 pandemic. Vietnam...

20. Global PMI indicates fastest growth for over two years in October

    05 November 2020 Chris Williamson

    The worldwide PMI surveys indicated a solid start to the fourth quarter for the global economy

21. Emerging markets lead global growth acceleration in October

    05 November 2020 Chris Williamson

    The worldwide PMI surveys indicated a solid but uneven start to the fourth quarter for the global economy. Growth accelerated in the US, China...

22. Global factory growth accelerates at start of fourth quarter

    02 November 2020 Chris Williamson

    Global factory output rose at the fastest rate for two and a half years in October, signalling a strong start to the fourth quarter that builds...

23. Week Ahead Economic Preview: Week of 2 November 2020

    30 October 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The US presidential elections - described by some commentators as perhaps the most important in modern history - take centre stage in a week...

24. Global recovery broadens out to Asia as India leads manufacturing rankings in September

    29 October 2020 Chris Williamson

    The worldwide manufacturing upturn persisted into September, with rising trade flows and the reopening of factories from lockdowns bringing growth...

25. Singapore remains resilient to pandemic shocks

    27 October 2020 Rajiv Biswas

    The Singapore economy has been hit by multiple shocks during 2020 from the impact of the protracted lockdown on domestic consumption and business...

26. European economies hit by tighter virus control but US sees stronger growth

    26 October 2020 Chris Williamson

    S&P Global’s flash PMI data for the G4 developed economies indicated that the pace of economic growth remained broadly unchanged in October as...

27. Australia starts fourth quarter on stronger economic footing as COVID-19 curbs ease

    23 October 2020 Bernard Aw

    The start of the fourth quarter saw the recovery of the Australian economy strengthened as business activity picked up solidly amid a further...

28. Week Ahead Economic Preview: Week of 26 October 2020

    23 October 2020 Sian Jones Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The week sees a full economic calendar including third quarter GDP estimates for the US, Eurozone, Hong Kong SAR, Taiwan and South Korea. Higher...

29. UK Flash PMI hits four-month low as new orders show renewed decline

    23 October 2020 Chris Williamson

    The UK’s economic recovery lost momentum for a second successive month in October

30. Japan starts fourth quarter on soft footing, but sentiment brightens

    23 October 2020 Bernard Aw

    Flash PMI survey data showed the Japanese private sector started the fourth quarter on a weak footing, with business activity shrinking further...

31. Sector PMIs reveal divergence in COVID-19 recovery

    21 October 2020 Eliot Kerr

    Following the downturn in global business activity driven by coronavirus disease 2019 (COVID-19), PMI data have pointed to early signs of economic...

32. Sub-Saharan region sees recovery in third quarter, led by Kenya

    20 October 2020 David Owen

    Sub-Saharan Africa followed the rest of the world out of the worst of the coronavirus disease 2019 (COVID-19) pandemic in the third quarter of...

33. Lack of inventory building among UK firms evident as Brexit deadline looms

    19 October 2020 Chris Williamson

    When the UK first faced the real possibility of leaving the EU, back in March 2019, the country’s manufacturers were building up their safety...

34. Week Ahead Economic Preview: Week of 19 October 2020

    16 October 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The week ahead starts with China releasing third quarter GDP numbers and ends with flash PMI data providing insights into how the world's largest...

35. Global growth slows in September as COVID-19 numbers rise new

    09 October 2020 Chris Williamson

    Global PMI edges lower in September as virus case numbers rise

36. Chinese economic recovery sustained as trade gains momentum

    09 October 2020 Bernard Aw

    Caixin PMI data indicated a strong end to the third quarter for the Chinese economy, with business activity maintaining a solid pace of expansion...

37. UK leads global PMI rankings, but also reports steepest loss of jobs

    09 October 2020 Chris Williamson

    The JPMorgan Global PMI™ (compiled by S&P Global) continued to indicate a robust expansion of the global economy in September

38. PMI surveys signal upturn in business investment spending worldwide

    07 October 2020 Chris Williamson

    S&P Global’s PMI surveys indicated a sustained expansion of the global economy in September, though trends varied by sector. Output rose in 18...

39. Global PMI signals strong end to third quarter as new order inflows accelerate

    05 October 2020 Chris Williamson

    The worldwide PMI surveys indicated a further month of solid economic growth in September

40. Eurozone economic rebound stalls in September amid renewed fall in service sector activity

    05 October 2020 Chris Williamson

    The eurozone’s economic recovery ground almost to a halt in September, as a renewed fall in service sector activity countered faster manufacturing...

41. Global manufacturing PMI highest since August 2018 as rising demand drives expansion

    02 October 2020 Chris Williamson

    Global manufacturing output rose further in September as growth of new orders accelerated and exports reviving, pointing to a strong end to the...

42. Eurozone manufacturing recovery increasingly reliant on Germany

    01 October 2020 Chris Williamson

    The eurozone’s manufacturing recovery gained further momentum in September, rounding off the strongest quarterly rise in production since the...

43. Week Ahead Economic Preview: Week of 28 September 2020

    25 September 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    Highlights of the coming week includes US non-farm payrolls, worldwide manufacturing PMI surveys and the first of the US presidential debates....

44. Flash PMI surveys hint at cooling of global economic recovery in September

    24 September 2020 Chris Williamson

    S&P Global’s flash PMI surveys for the ‘G4’ developed economies indicated that the pace of economic growth slowed at the end of the third quarter...

45. Flash Japan PMI signals further economic decline, but confidence strengthens

    23 September 2020 Bernard Aw

    Business activity in Japan’s private sector continued to decline in September, according to the flash PMI data, setting the scene for further...

46. Australian economy stabilises, led by further gain in manufacturing output

    23 September 2020 Bernard Aw

    Flash PMI data showed signs of stabilisation of the Australian private sector economy at the end of the third quarter, with activity and sales...

47. UK economic growth surge loses momentum at end of third quarter

    23 September 2020 Chris Williamson

    The UK economy lost some of its bounce in September, as the initial rebound from coronavirus disease 2019 (COVID-19) lockdowns showed signs of...

48. Eurozone rebound fizzles out as service sector reports renewed decline

    23 September 2020 Chris Williamson

    Business activity stalled across the eurozone in September, albeit with increasingly divergent trends by sector and country. Faster growth of...

49. Week Ahead Economic Preview: Week of 21 September 2020

    18 September 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The coming week sees flash PMI surveys released for the US, Eurozone, Japan, UK and Australia, which will provide the first insights into how...

50. Labour market data set to worsen in coming months

    16 September 2020 Chris Williamson

    The latest official data signalled a deteriorating labour market up to July, with redundancies rising at the sharpest rate since 2009 as job...

51. Eurozone factories report slower progress in climb out of lockdowns

    15 September 2020 Chris Williamson

    The Eurozone’s manufacturing upturn is showing signs of losing momentum after the initial rebound from COVID-19 lockdowns, with rising infection...

52. Impact of the Beirut explosion stretches far beyond the Lebanese capital

    14 September 2020 Eliot Kerr

    The latest release of the BLOM Lebanon PMI® pointed to a substantial contraction in output across the private sector midway through the third...

53. Week Ahead Economic Preview: Week of 14 September 2020

    11 September 2020 Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The following is an extract from S&P Global's latest Week Ahead Economic Preview. For the full report (including Special Reports) please click...

54. Global growth accelerates but virus worries cloud outlook

    08 September 2020 Chris Williamson

    Global growth accelerates, but virus worries cloud outlook

55. PMI surveys signal broadening out of global recovery by sector, but also bring signs of growth peaking

    07 September 2020 Chris Williamson

    S&P Global’s PMI surveys indicated a strengthening of global economic growth in August, with a broadening out of the recovery by sector evident....

56. UK leads global upturn, but only the US and China build capacity for future output growth

    03 September 2020 Chris Williamson

    The worldwide PMI surveys indicated a further strengthening of global economic growth in August

57. PMI signals fastest global growth for nearly one-and-a-half years in August

    03 September 2020 Chris Williamson

    The worldwide PMI surveys indicated a further strengthening of global economic growth in August as countries continued to recover from COVID-19...

58. Eurozone economic rebound shows signs of fading in August

    03 September 2020 Chris Williamson

    Service sector companies across the eurozone saw growth of business activity grind almost to a halt in August, fueling worries that the post-lockdown...

59. Global factories report fastest output growth for nearly two-and-a-half years

    01 September 2020 Chris Williamson

    Global manufacturing output rose at the fastest rate for over two years in August as the world’s factories continued to recover from COVID-19...

60. Week Ahead Economic Preview: Week of 31 August 2020

    28 August 2020 Sian Jones Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    A comprehensive view of global economic conditions midway through the third quarter will be provided by the worldwide PMI surveys, with the week...

61. Japan stuck in downturn as businesses still hit by weak trade, COVID-19

    21 August 2020 Bernard Aw

    Flash PMI data indicated a further decline in Japanese economic activity in August, sending a warning signal that the recovery is lacking momentum....

62. Australian economic recovery falters amid renewed restrictions

    21 August 2020 Bernard Aw

    The Australian private sector economy fell back into decline during August, according to latest flash PMI data, with business activity contracting...

63. Week Ahead Economic Preview: Week of 24 August 2020

    21 August 2020 Bernard Aw

    The coming week will see GDP estimate updates for the US, Germany and France for a more accurate view into the extent of the economic collapse...

64. Commodity prices rise across the board in July

    10 August 2020 David Owen

    All monitored commodities saw solid price gains during July as global demand strengthened and supply chains began to recover from coronavirus...

65. PMI surveys signal strengthened global growth in July

    10 August 2020 Chris Williamson

    The worldwide PMI surveys indicated a strengthening of global economic growth in July

66. Week Ahead Economic Preview: Week of 10 August 2020

    07 August 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    The coming week will see a clutch of GDP updates to shed further light on the extent of the global economic collapse at the height of the COVID-19...

67. PMI signals strengthened global growth in July, but upturn dampened by COVID-19 containment

    06 August 2020 Chris Williamson

    The worldwide PMI surveys indicated a strengthening of global economic growth in July, led by rebounding activity from COVID-19 lockdowns notably...

68. Exports act as further drag on economies, but trade downturn shows signs of easing

    04 August 2020 Chris Williamson

    Factories worldwide continued to report falling export sales in July

69. Global factories report fastest output growth for one-and-a-half years

    04 August 2020 Chris Williamson

    A key gauge of global manufacturing output hit a one-and-a-half year high in July

70. Week Ahead Economic Preview: Week of 3 August 2020

    31 July 2020 Sian Jones Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    A full economic calendar for the coming week starts with worldwide PMI surveys and culminates in Friday’s US non-farm payroll report, but also...

71. Week Ahead Economic Preview: Week of 27 July 2020

    24 July 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Chris Williamson Bernard Aw

    Insights into the depth of COVID-19 related economic downturns will be provided by second quarter GDP estimates for the US, Eurozone, Hong Kong...

72. Flash PMI shows Australian economic recovery gain momentum in July

    24 July 2020 Bernard Aw

    The rebound in the Australian economy from COVID-19 lockdowns gathered pace in July, with business activity increasing markedly, according to...

73. Eurozone business growth at two-year high as flash PMI rises to 54.8 in July

    24 July 2020 Chris Williamson

    Companies across the euro area reported an encouraging start to the third quarter, with output growing at the fastest rate for just over two...

74. Surge in business activity signalled as UK flash PMI hits five-year high

    24 July 2020 Chris Williamson

    The UK economy started the third quarter on a strong footing as business continued to reopen doors after the COVID-19 lockdown. A surge in business...

75. Flash Japan PMI shows severe downturn persisting into July

    22 July 2020 Bernard Aw

    Japanese business activity contracted further in July, according to flash PMI data, adding to concerns about the depth of the economic downturn...

76. Week Ahead Economic Preview: Week of 20 July 2020

    17 July 2020 Sian Jones Rajiv Biswas Paul Smith, Ph.D. Ken Wattret Bernard Aw

    Flash PMI updates for the US, Europe and Japan in the coming week will be scrutinised eagerly for further recovery signs at the start of the...

77. PMI signals fragile outlook for South African economy, as recession continues

    16 July 2020 David Owen

    PMI data signalled that the current downturn is set to deepen sharply in the three months to June

78. PMI hints at initial return to growth as countries ease COVID-19 restrictions

    07 July 2020 Chris Williamson

    The worldwide PMI surveys produced by S&P Global hinted at a return of global economic growth in June. China led a broad-based improvement in...

79. How the PMI has tracked COVID-19 economic impact around the world

    06 July 2020 Andrew Harker

    How the PMI has tracked COVID-19 economic impact around the world

80. Domestic demand drives Chinese economic recovery amid export woes

    03 July 2020 Bernard Aw

    Caixin PMI data showed that Chinese economic growth gained momentum in June, adding to further signs that the economy is recovering from the...

81. Record rise in global manufacturing PMI output index

    02 July 2020 Chris Williamson

    A key gauge of global manufacturing output showed a record gain in June, adding to signs that the world’s factories are recovering strongly since...

82. Week Ahead Economic Preview: Week of 29 June 2020

    26 June 2020 Sian Jones Rajiv Biswas Joseph Hayes Chris Williamson Bernard Aw

    Markets will be looking for further confirmation that the global economy has started to recover from the initial impact of the COVID-19 pandemic...

83. Japan stuck in downturn as manufacturing hit by trade woes

    23 June 2020 Bernard Aw

    Flash PMI data showed business activity in Japan’s private sector contracted sharply again in June despite an easing of emergency measures taken...

84. Australian PMI surges into recovery in June, but growth challenges remain

    23 June 2020 Bernard Aw

    Amid an easing of COVID-19 restrictions, business activity in the Australian economy returned to growth during June, according to flash PMI data...

85. Flash UK PMI signals marked easing in downturn during June

    23 June 2020 Chris Williamson

    UK business activity came closer to stabilising in June, according to provisional PMI survey data, boosting hopes that the economy will return...

86. UK unemployment set to soar as employment is hit by pandemic

    16 June 2020 Chris Williamson

    The jobless rate looks set to soar in the UK despite government efforts to help companies retain staff

87. Global economic downturn moderates in May, led by renewed growth in China

    15 June 2020 Chris Williamson

    Global business activity contracted sharply in May, according to the latest PMI business survey data

88. Week Ahead Economic Preview: Week of 15 June 2020

    12 June 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Diego Iscaro Chris Williamson Bernard Aw

    Key releases in the coming week include industrial production and retail sales for the US and China, helping to gauge manufacturing and consumer...

89. Transportation sector nosedives amid COVID-19 related travel restrictions

    11 June 2020 Sian Jones

    As economies tentatively begin to reopen following the crippling impact of the coronavirus disease 2019 (COVID-19) outbreak during 2020 so far...

90. Recruitment activity continues to fall sharply as companies wait for outlook to brighten

    05 June 2020 Annabel Fiddes

    The latest KPMG and REC Report on Jobs data, compiled by S&P Global, showed a further severe drop in hiring activity

91. Global downturn moderates in May as COVID-19 lockdowns ease

    03 June 2020 Chris Williamson

    Global business activity contracted sharply in May, according to the latest PMI business survey data, dropping for a fourth successive month....

92. Global manufacturing downturn eases in May, but only China enjoys growth

    02 June 2020 Chris Williamson

    Global manufacturing output fell for a fourth successive months in May, albeit with the rate of decline easing compared to April. The past two...

93. Caixin PMI shows signs of improvement in manufacturing conditions

    01 June 2020 Bernard Aw

    Caixin PMI data showed a stronger increase in Chinese manufacturing output during May, but a further decline in sales may hinder the recovery...

94. Week Ahead Economic Preview: Week of 1 June 2020

    29 May 2020 Sian Jones Mr. Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

    The week ahead sees the PMI business surveys provide the first major insights into global economic trends in May, with clues being sought as...

95. Flash PMI shows Japan on course for record downturn in second quarter

    21 May 2020 Bernard Aw

    The Japanese economy suffered a further substantial fall in business activity during May, according to the latest flash PMI results. The downturn...

96. Flash Australia PMI signals a further slump in business activity during May

    21 May 2020 Bernard Aw

    May saw another substantial fall in business activity across Australia, setting the scene for a deepening downturn in the economy during the...

97. Eurozone PMI rises as COVID-19 lockdowns ease, but outlook remains gloomy

    21 May 2020 Chris Williamson

    The eurozone economy remained stuck in its deepest downturn ever recorded in May due to ongoing measures taken to control the coronavirus disease...

98. US manufacturing slump confirmed as production falls in line with PMI

    18 May 2020 Chris Williamson

    US manufacturing output fell at a post-war record rate in April, corroborating earlier survey data from S&P Global which pointed to a dramatic...

99. Slump in household spending spurs record fall in consumer goods sector

    14 May 2020 Sian Jones

    Ongoing global lockdowns and adherence to coronavirus disease 2019 (COVID-19) related social-distancing measures resulted in significant decreases...

100. Asia sector data give insight into first areas of recovery

     14 May 2020 Eliot Kerr

     April PMI data pointed to a severe contraction in global business activity, with the coronavirus pandemic and resulting lockdown measures crippling...

101. Business uncertainty soars from PMI surveys as global recession beckons

     14 May 2020 David Owen

     PMI comments tracker signals peak uncertainty from COVID-19 crisis

102. PMI collapse confirmed as UK economy suffers record slump in March

     13 May 2020 Chris Williamson

     The UK economy contracted 2.0% in the first quarter of 2020 as business activity and spending were disrupted by measures taken to contain the...

103. Global economy suffers unprecedented collapse amid COVID-19 pandemic

     13 May 2020 Chris Williamson

     Global business activity contracted at an unprecedented rate in April

104. Eurozone PMI at all-time low as economy locks down to fight COVID-19

     06 May 2020 Chris Williamson

     The extent of the euro area economic collapse from the COVID-19 outbreak was laid bare by PMI™ survey data showing record downturns in every...

105. UK April PMI signals economic collapse amid virus lockdown

     06 May 2020 Chris Williamson

     The final PMI data for April indicated that the economy collapsed in April at a rate vastly exceeding anything seen previously in the 22-year...

106. Nowcasting European GDP during an economic shock

     06 May 2020 Paul Smith, Ph.D. Joseph Hayes

     Since

107. Global Manufacturing PMI at 11-year low in April as only China reports growth

     05 May 2020 Chris Williamson

     Global manufacturing collapsed at a rate not seen since the height of the global financial crisis in April as increasingly widespread measures...

108. Worldwide trade shows record collapse in April amid virus lockdowns

     05 May 2020 Chris Williamson

     Global manufacturing export orders collapsed at an unprecedented rate in April, according to the latest Purchasing Managers Index data from S&P...

109. Understanding US manufacturing PMIs, and how supplier shortages are giving an artificial boost to the PMI amid the coronavirus outbreak

     04 May 2020 Chris Williamson

     Analysts breathed a sigh of relief after US PMI data showed the manufacturing downturn to have not been as severe as expected in April

110. Caixin PMI shows manufacturing rebound impeded by slumping exports

     30 April 2020 Bernard Aw

     Caixin PMI data showed a further modest increase in Chinese manufacturing output during April, but the rise represents only another very marginal...

111. Japanese economy sinks deeper in April as virus measures hit

     23 April 2020 Bernard Aw

     The downturn in Japan’s private sector economy gained momentum in April, with business activity slumping to the greatest extent on record, according...

112. Australian economy slumps in April as COVID-19 lockdown hits demand

     23 April 2020 Bernard Aw

     Flash PMI data pointed to a collapse in business activity across Australia’s private sector economy in April as lockdown measures designed to...

113. Flash PMI surveys signal steepest developed world downturn on record as governments fight coronavirus outbreak

     23 April 2020 Chris Williamson, BA, MA econ

     April's Flash PMI data highlighted the escalating economic cost of measures to contain the coronavirus pandemic

114. April flash UK PMI plummets to new all-time low as virus hits economy

     23 April 2020 Chris Williamson, BA, MA econ

     The flash PMI for April highlights how the UK economy has been hit by the COVID-19 outbreak to a degree greatly surpassing anything seen in the...

115. Unprecedented collapse of Eurozone economy amid virus lockdown

     23 April 2020 Chris Williamson, BA, MA econ

     The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken...

116. Week Ahead Economic Preview: Week of 20 April 2020

     17 April 2020 Sian Jones Mr. Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson, BA, MA econ Bernard Aw

     The week ahead sees around 500 US companies report earnings, providing an initial insight into how the COVID-19 outbreak is hitting revenues...

117. US manufacturing suffers record post-war decline in March amid COVID-19 crisis

     16 April 2020 Chris Williamson, BA, MA econ

     US manufacturing output fell 6.3% in March, the steepest drop since 1946, as measures taken to contain the spread of COVID-19 took their toll...

118. Global business sees sharpest downturn since 2009 amid COVID-19 pandemic

     15 April 2020 Chris Williamson, BA, MA econ

     Global business activity contracted in March at the fastest rate for 11 years

119. COVID-19 outbreak causes unprecedented collapse in consumer services

     08 April 2020 Sian Jones

     Global lockdowns and travel bans, alongside growing uncertainty as to the longevity of the outbreak, led to the worst performance by the global...

120. Mainland China economy continues to contract in March though rate of decline eases

     06 April 2020 Chris Williamson

     Business activity in China fell for a second successive month in March, but the rate of contraction eased markedly as fewer companies reported...

121. Global business sees sharpest downturn since 2009 amid COVID-19 pandemic

     03 April 2020 Chris Williamson

     Global business activity contracted in March at the fastest rate for 11 years as measures to contain the coronavirus disease 2019 (COVID-19)...

122. IHS Markit European GDP Nowcasts: European PMIs signal unprecedented drops in output during first quarter

     03 April 2020 Paul Smith, Ph.D. Joseph Hayes

     Following the release of record-low PMI figures today, the latest dynamic factor-based models for the euro zone and the UK unsurprisingly clearly...

123. Caixin China PMI points to stable manufacturing conditions, but outlook remains dim

     01 April 2020 Bernard Aw

     Manufacturing conditions across mainland China stabilised in March, according to the latest Caixin

124. Manufacturing downturn deepens outside of China

     01 April 2020 Chris Williamson

     Global manufacturing orders fell at the steepest rate for 11 years in March as the coronavirus disease 2019 (COVID-19) outbreak continued to...

125. Week Ahead Economic Preview: Week of 30 March 2020

     27 March 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Bernard Aw

     Final PMI data will be keenly anticipated for the extent of the broader economic impact of the coronavirus disease 2019 (COVID-19) outbreak around...

126. COVID-19 outbreak leads to largest collapse in eurozone business activity ever recorded

     24 March 2020 Chris Williamson

     Business activity across the eurozone collapsed in March to an extent far exceeding that seen even at the height of the global financial crisis....

127. Flash Japan PMI shows economic downturn deepening in March as coronavirus hits

     24 March 2020 Bernard Aw

     The flash PMI surveys showed the extent of economic damage caused by the global outbreak of the COVID-19 virus on Japan’s private sector economy....

128. Flash US PMI signals steepest output slump for a decade amid coronavirus outbreak

     24 March 2020 Chris Williamson

     US companies reported the steepest downturn since 2009 in March as measures to limit the COVID-19 outbreak hit businesses across the country....

129. Flash UK PMI signals record slump in business activity as coronavirus hits

     24 March 2020 Chris Williamson

     The flash PMI surveys for March highlight how the COVID-19 outbreak has already dealt the UK economy its hardest blow since data were first available...

130. Flash PMI points to steep downturn in Australian economy as COVID-19 hits

     24 March 2020 Bernard Aw

     The downturn in Australia’s private sector economy deepened markedly in March, according to the

131. Week Ahead Economic Review: Week of 23 March 2020

     20 March 2020 Sian Jones Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     With the global economy facing recession and markets showing increased signs of stress, flash PMI surveys will be eagerly watched for the extent...

132. Week Ahead Economic Preview: Week of 16 March 2020

     13 March 2020 Sian Jones Rajiv Biswas Raj Badiani Ken Wattret Joseph Hayes Bernard Aw

     After a week of turmoil in global markets, triggered by the oil price slump and increasing use of containment measures amid the escalating spread...

133. COVID-19 outbreak dampens output across all sectors in Asia except healthcare

     10 March 2020 Bernard Aw

     Asian economic activity shrank sharply in February, according to the latest PMI surveys, contracting at the quickest pace since the depths of...

134. Record falls in output seen in eight of 23 sectors, led by slump in auto making

     09 March 2020 Chris Williamson

     Some eight of the 23 sectors saw record falls in output. The steepest decline was reported in the auto industry, which saw by far the steepest...

135. Week Ahead Economic Preview: Week of 9 March 2020

     06 March 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     After worldwide PMI surveys showed the global economy contracting at the steepest rate since 2009 as the coronavirus disrupted supply chains...

136. Global economy slumps at steepest rate since 2009 as COVID-19 virus hits

     06 March 2020 Chris Williamson

     The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

137. Hong Kong SAR PMI signals deepest economic slump on record amid coronavirus impact

     04 March 2020 Bernard Aw

     The latest PMI flashed red warning lights on the dire state of business conditions across Hong Kong SAR in February amid the coronavirus outbreak....

138. Global economy slumps at steepest rate since 2009 as coronavirus hits

     04 March 2020 Chris Williamson

     Worldwide growth plunged by a record extent in February, the pace of expansion slowing to the weakest since May 2009, according to the latest...

139. UK PMI signals ongoing rebound in February but virus poses risk to outlook

     04 March 2020 Chris Williamson

     UK business activity grew at the fastest rate for almost one-and-a-half years in February, with future expectations climbing to the highest for...

140. Italian economy at increased risk of recession

     04 March 2020 Lewis Cooper

     The Italian private sector remained close to stagnation during February, with activity increasing only mildly according to the latest PMI data....

141. IHS Markit European GDP Nowcasts: Underlying conditions across the Eurozone remain soft

     04 March 2020 Paul Smith, Ph.D. Joseph Hayes

     Our latest GDP nowcasts across Europe are broadly unchanged from the previous update

142. Caixin China manufacturing PMI falls to survey low on coronavirus countermeasures

     02 March 2020 Bernard Aw

     The COVID-19 outbreak had a severe impact on China’s manufacturing sector in February due to efforts to contain the spread of the coronavirus...

143. Global manufacturing suffers steepest downturn since 2009 as coronavirus hits

     02 March 2020 Chris Williamson

     Global manufacturing contracted at the fastest rate in over a decade during February as the coronavirus disrupted supply chains and hit demand...

144. Week Ahead Economic Preview: Week of 2 March 2020

     28 February 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     A busy economic calendar starts with worldwide manufacturing and services PMIs and rounds off with the monthly US employment report, which includes...

145. Week Ahead Economic Preview: Week of 24 February 2020

     21 February 2020 William May Sian Jones Raj Badiani Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The coming week sees the first major data release out of China since the coronavirus outbreak, with the February update of the government sponsored...

146. US Flash PMI signals first fall in business activity since 2013

     21 February 2020 Chris Williamson

     With the exception of the government-shutdown of 2013, US business activity contracted for the first time since the global financial crisis in...

147. Flash Australia PMI signals deeper downturn amid adverse weather, coronavirus

     21 February 2020 Bernard Aw

     Australia’s private sector business activity shrank in February as adverse weather conditions and the coronavirus outbreak took its toll, according...

148. Flash UK PMI signals economic rebound sustained into February

     21 February 2020 Chris Williamson

     Flash PMI survey data indicate that the post-election rebound seen in January extended into February, putting the UK economy on course for solid...

149. Eurozone business bucks virus impact as flash PMI hits six-month high

     21 February 2020 Chris Williamson

     The eurozone economy grew at its fastest rate in six months during February, according to flash PMI

150. IHS Markit European GDP Nowcasts: Underlying performance of euro area remains soft in first quarter

     21 February 2020 Paul Smith, Ph.D. Joseph Hayes

     Today sees our latest nowcast update following the release of our February PMI figures

151. IHS Markit European GDP Nowcasts: Downside risks intensify for the eurozone

     17 February 2020 Paul Smith, Ph.D. Joseph Hayes

     Our latest nowcast update highlights a notable rise in downside risks to growth for the euro area economy in the first quarter of the year

152. Week Ahead Economic Preview: Week of 17 February 2020

     14 February 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The flash PMI surveys will be an eagerly awaited focus of the week, providing the first insights into how the global economy has fared during...

153. Investor confidence returns to Greece after PMI tops global rankings in 2019

     14 February 2020 Sian Jones

     The gradual and sustained improvement in Greece’s manufacturing sector and wider economy has fuelled renewed appetite to invest in government...

154. Global economy starts 2020 on ten-month high, awaiting coronavirus impact

     10 February 2020 Chris Williamson

     Global economy starts 2020 on ten-month high, awaiting coronavirus impact

155. PMI survey comments signal calmer waters before possible coronavirus storm

     07 February 2020 David Owen

     Survey data show that business gloom surrounding the path of the global economy and geopolitical uncertainty had begun to fade at the start of...

156. Week Ahead Economic Preview: Week of 10 February 2020

     07 February 2020 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     Key releases include GDP numbers for Japan, the UK and Germany, which look set to show both European economies avoided sliding into contraction...

157. Global economy starts 2020 on stronger footing with PMI at ten-month high

     06 February 2020 Chris Williamson

     Worldwide growth accelerated for a third consecutive month in January, according to the latest PMI surveys, registering the strongest monthly...

158. IHS Markit European GDP Nowcasts: Euro area growth to remain sluggish, but UK growth bounces back

     05 February 2020 Paul Smith, Ph.D. Joseph Hayes

     The euro area economy is set to record another weak quarter of growth, according to the latest nowcast estimate

159. Caixin PMI points to slowing Chinese business activity at start of 2020

     05 February 2020 Bernard Aw

     The start of the year saw a further slowdown in China’s business activity, according to the latest Caixin PMI data. Order book growth also moderated...

160. Manufacturing improvements broaden to more markets as global PMI hits nine-month high

     04 February 2020 Chris Williamson

     Global manufacturing continued to show signs of recovery at the start of 2020, according to PMI survey data, notching up its best performance...

161. Week Ahead Economic Preview: Week of 3 February 2020

     31 January 2020 Bernard Aw

     The coming week starts with the publication of worldwide PMI surveys for January and ends with the US non-farm payroll report, though also sees...

162. Flash Australia PMI sinks to a survey-record low at start of 2020

     24 January 2020 Bernard Aw

     Flash PMI data signalled a deeper downturn in Australia’s private sector economy at the start of the year, with the headline index falling to...

163. Flash eurozone PMI shows subdued start to 2020 but also hints at “green shoots”

     24 January 2020 Chris Williamson

     The eurozone economy started 2020 with growth remaining subdued as manufacturing continued to act as a substantial drag and service sector growth...

164. Week Ahead Economic Preview: Week of 27 January 2020

     24 January 2020 Bernard Aw

     A week which sees the UK leaves the European Union is also packed with policy action from the Fed and the Bank of England, alongside GDP updates...

165. US manufacturing sector ends 2019 on stronger note, in line with IHS Markit PMI signal

     20 January 2020 Chris Williamson

     US factories enjoyed a strong end to 2019, with output rising in both November and December

166. Greater pressure on Czech National Bank to raise interest rates after further pick-up in inflation

     20 January 2020 Sian Jones

     Despite difficult external demand conditions and a stalling manufacturing sector, the rate of inflation in the Czech Republic picked up in December...

167. Week Ahead Economic Preview: Week of 20 January 2020

     17 January 2020 Sian Jones Raj Badiani Ken Wattret Joseph Hayes Harumi Taguchi Chris Williamson Bernard Aw

     A week which sees Davos host the 50th World Economic Forum commences with the IMF’s latest forecast on Monday and rounds off on Friday with the...

168. IHS Markit European GDP Nowcasts: Eurozone growth to hit cyclical low in Q4 despite better-than-expected November data

     17 January 2020 Paul Smith, Ph.D. Joseph Hayes

     Decent expansion in France is being offset to an extent by ongoing weakness in Germany, the net result being another meagre growth estimation...

169. PMI rounds off dismal year for South African economy

     15 January 2020 David Owen

     South Africa’s private sector stumbled at the close of 2019, with output contracting amid a heightened round of “load shedding” that caused significant...

170. UK malaise extends into November as GDP falls, but PMI hints at coming upturn

     13 January 2020 Chris Williamson

     The latest GDP data add to signs that the UK economy stagnated at best in the fourth quarter of last year

171. UK Jobs survey sees mild recovery in hiring activity during December

     10 January 2020 Annabel Fiddes

     The latest KPMG and REC survey data, compiled by S&P Global, showed a renewed upturn in overall UK recruitment activity at the end of 2019. Permanent...

172. Global economy ends 2019 on brighter note as PMI hits eight-month high

     07 January 2020 Chris Williamson

     Worldwide growth accelerated for a second successive month in December, according to the latest PMI surveys, registering the strongest monthly...

173. Global manufacturers tread water at end of 2019, ending worst year since 2012

     06 January 2020 Chris Williamson

     Global manufacturing activity remained broadly unchanged in December, according to PMI survey data, improving only fractionally for a second...

174. IHS Markit European GDP Nowcasts: Eurozone and UK experience disappointing ends to 2019

     06 January 2020 Paul Smith, Ph.D. Joseph Hayes

     We have updated our Q4 2019 nowcasts today following the publication of December's PMI surveys

175. Week Ahead Economic Preview: Week of 06 January 2020

     06 January 2020 Rajiv Biswas Ken Wattret Chris Williamson

     The first full week of 2020 looks set to kick off the year with a bang and is busy with economic data releases. Trends across retail sales, industrial...

176. Week Ahead Economic Preview: Week of 30 December 2019

     27 December 2019 Rajiv Biswas Nariman Behravesh, Ph.D. Ken Wattret Chris Williamson

     The coming week brings in the New Year, so we dedicate our special report this week to a summary of the main economic projections for the year...

177. US manufacturing output rebounds, confirming IHS Markit PMI signal

     18 December 2019 Chris Williamson

     Some of the confusion over varying US survey signals was lifted after official data showed manufacturing output rebounding

178. Flash Japan PMI shows economy in first quarterly decline for over three years

     17 December 2019 Bernard Aw

     Japan’s private sector economy is poised for its first quarterly decline in more than three years, after December flash PMI data indicated a...

179. US Flash PMI ends 2019 on five-month high

     16 December 2019 Chris Williamson

     Business activity, order book and jobs growth all accelerated to five-month highs in December, according to flash PMI data

180. Flash Eurozone PMI signals weak end to 2019 as factory downturn deepens

     16 December 2019 Chris Williamson

     The Eurozone economy closed out 2019 mired in its worst spell since 2013

181. UK Flash PMI signals worsening economic trend at year end

     16 December 2019 Chris Williamson

     December’s PMI survey data sadly lacked festive cheer, indicating that the economy contracted for the third time in the past four months. With...

182. Week Ahead Economic Preview: Week of 16 December 2019

     13 December 2019 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The week starts with a flurry of flash PMI updates and key official data releases for the US and China, notably including industrial production....

183. ASEAN manufacturing sector remains mired in a downturn in November

     13 December 2019 Lewis Cooper

     The ASEAN manufacturing downturn extended into the middle of the fourth quarter, with operating conditions deteriorating for a sixth month running...

184. Global PMI survey quality

     10 December 2019 Chris Williamson

     A look at data quality, and if ‘normal’ people participate in surveys

185. Global growth lifts to four-month high

     09 December 2019 Chris Williamson

     At 51.5 in November, the JPMorgan Global PMI™ (compiled by S&P Global) rose to a four-month high

186. Global economic growth at four-month high in November

     09 December 2019 Chris Williamson

     Worldwide growth picked up in November, led by the fastest manufacturing expansion seen so far this year. Key sectors such as autos and machinery...

187. Week Ahead Economic Preview: Week of 9 Dec 2019

     06 December 2019 Sian Jones Rajiv Biswas Raj Badiani Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The following is an extract from S&P Global's latest Week Ahead Economic Preview. For the full report (including Special Reports) please click...

188. UK PMI signals falling output, demand and jobs as election nears

     04 December 2019 Chris Williamson

     UK business activity contracted for the fifth time in the past six months during November

189. Twin headwinds restrict Zambian economic output

     04 December 2019 Andrew Harker

     Zambian economic output is being held back by shortages of power and money

190. Global manufacturing outlook improves as PMIs rise in majority of markets

     03 December 2019 Chris Williamson

     Global manufacturing activity increased for the first time in seven months in November, according to PMI survey data, albeit improving only fractionally....

191. US Flash PMI hits four-month high as business growth lifts from recent lows

     22 November 2019 Chris Williamson

     A welcome upturn in the headline index from the flash PMI adds to evidence that the worst of the US economy’s recent soft patch may be behind...

192. Flash Japan PMI shows economy at risk of decline in fourth quarter

     22 November 2019 Bernard Aw

     November flash PMI data point to growing risk of the Japanese economy falling into a decline during the fourth quarter, with both business activity...

193. UK Flash PMI signals deepening economic woes as election looms

     22 November 2019 Chris Williamson

     With an upcoming general election adding to Brexit-related uncertainty about the outlook, it was no surprise to see UK businesses report falling...

194. Flash eurozone PMI signals economy stalled for third month in a row

     22 November 2019 Chris Williamson

     The eurozone economy was becalmed for a third successive month in November

195. IHS Markit European GDP Nowcasts: Familiar growth picture in eurozone maintained as UK flirts with Q4 contraction

     22 November 2019 Paul Smith, Ph.D. Joseph Hayes

     Today sees a fresh set of flash PMI figures released for Europe, including our new flash series for the UK.

196. Canada facing one of toughest export climates for a decade

     18 November 2019 Amritpal Virdee

     This note provides the first look into the S&P Global PMI™ Canada Export Climate Index, which tracks the international demand environment facing...

197. US manufacturing limps into fourth quarter, but underlying trend is improving

     18 November 2019 Chris Williamson

     Despite falling in October for a second straight month, there are signs that the underlying trend in US manufacturing output is improving.

198. IHS Markit European GDP Nowcasts: Eurozone to grow by 0.1% in Q4, but contraction foreseen for stagnant Germany

     18 November 2019 Paul Smith, Ph.D. Joseph Hayes

     Our nowcast for the eurozone has been revised into growth territory, with an expansion of +0.08% forecast for the fourth quarter.

199. Global growth slips closer to decade lows as manufacturing weakness spreads to services

     14 November 2019 Chris Williamson

     The following is an extract from S&P Global's monthly PMI overview presentation. For the full report please click on the link at the bottom of...

200. Official data corroborate survey signals of UK labour market cooling

     12 November 2019 Chris Williamson

     News of the economy contracting for a second successive month in September has been swiftly followed by a warning of how the growing economic...

201. UK avoids recession but underlying growth trend deteriorates

     11 November 2019 Chris Williamson

     The latest official data show the UK economy contracting for a second successive month in September, matching business survey data.

202. Week Ahead Economic Preview: Week of 11 November 2019

     08 November 2019 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     US-China trade developments are dominating markets and the coming week will see the release of important indicators of how both economies have...

203. IHS Markit European GDP Nowcast: Euro area economy stagnating as divergences remain at the country level

     06 November 2019 Paul Smith, Ph.D. Joseph Hayes

     Following this morning's release of final October PMI data for the euro zone, we provide our first comprehensive outlook for the fourth quarter...

204. PMI shows Hong Kong SAR economy suffering biggest fall in output for over two decades

     05 November 2019 Bernard Aw

     Hong Kong SAR’s private sector remained mired in one of its worst downturns for the past two decades during October, according to the latest...

205. UK economy in worst spell since 2009 as all-sector PMI signals further contraction

     05 November 2019 Chris Williamson

     The UK PMI surveys recorded a third successive monthly contraction of business activity in October, indicating the economy is in its toughest...

206. Measuring the UK services economy: a comparison of GDP and PMI data

     04 November 2019 Chris Williamson

     A recent ONS paper notes how S&P Global UK PMI surveys show a strong correlation with official UK gross domestic product (GDP) and its manufacturing...

207. Global manufacturing downturn shows further signs of easing in October

     04 November 2019 Chris Williamson

     Global manufacturing activity contracted marginally for a sixth straight month in October, according to the latest PMI data from S&P Global...

208. Week Ahead Economic Preview: Week of 4 November 2019

     01 November 2019 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The dovish tilt to global policy making continued in October with the US Fed cutting rates for the third time, but whether this represents the...

209. Caixin PMI signals solid start to fourth quarter as factory upturn gains momentum

     01 November 2019 Bernard Aw

     The latest Caixin PMI painted a picture of a sustained improvement in manufacturing conditions across China during October

210. Dutch manufacturing sector struggles at start of fourth quarter

     01 November 2019 Lewis Cooper

     The Dutch manufacturing sector began the final quarter of the year on a weak footing

211. Inflation and interest rates on the way down as Turkish economy shows signs of reduced stress

     01 November 2019 Andrew Harker

     The Turkish economy has begun to show signs of improvement following the impact of marked currency depreciation in 2018

212. Hong Kong economy falls into recession in third quarter

     31 October 2019 Bernard Aw

     Official GDP data showed the Hong Kong economy contracted at its sharpest rate since 2009 in the third quarter, as signalled well in advance...

213. Week Ahead Economic Preview: Week of 28 October 2019

     25 October 2019 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     A busy week ahead includes the eagerly awaited FOMC meeting, manufacturing PMIs from around the world, US non-farm payrolls, GDP data from both...

214. Flash Japan PMI show first fall in business activity for three years

     24 October 2019 Bernard Aw

     The Japanese economy is at risk of contracting as business activity was hit in October following the sales tax increase which took effect during...

215. Flash US PMI lifts higher but still signals weak growth at start of fourth quarter

     24 October 2019 Chris Williamson

     While an upturn in the headline flash PMI for October might add to hopes that GDP growth could accelerate in the final quarter of the year, the...

216. Stalled flash eurozone PMI shows economy at risk of decline in fourth quarter

     24 October 2019 Chris Williamson

     The eurozone economy remained close to stagnation at the start of the fourth quarter, according to the latest flash PMI data

217. Renewed Canadian manufacturing expansion fueled by strong consumer goods growth

     22 October 2019 Lewis Cooper

     The health of the Canadian manufacturing sector improved in September, according to the latest S&P Global PMI survey data. A renewed upturn in...

218. Week Ahead Economic Preview: Week of 21 October 2019

     21 October 2019 Sian Jones Rajiv Biswas Raj Badiani Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     The week ahead includes a raft of flash PMI surveys to provide an early indication of economic trends at the start of the fourth quarter. Policy...

219. UK employment falls at fastest rate for four years as hiring trend cools

     15 October 2019 Chris Williamson

     The UK labour market showed signs of cooling in the summer, with employment falling to the greatest extent for four years

220. Greece remains top of worldwide manufacturing PMI rankings, but reforms needed to boost investment

     15 October 2019 Sian Jones

     September PMI data showed the Greek manufacturing sector yet again providing a spark of light in the general gloom of the wider eurozone goods-producing...

221. Week Ahead Economic Preview: Week of 14 October 2019

     11 October 2019 Chris Williamson Bernard Aw Sian Jones Diego Iscaro Joseph Hayes

     The week ahead includes a key Brexit deadline and on-going US-China tariff developments, with US tariffs set to rise to from 25% to 30% on $250bn...

222. Global copper users output strengthens, but demand pressures remain weak

     10 October 2019 David Owen

     While the global manufacturing sector has stalled in 2019 so far, a revival of optimism in the copper-using industry could fuel a wider improvement...

223. Global growth at three-year low as weakness spills over to services

     10 October 2019 Chris Williamson

     Global growth at three year low as weakness spills over to services

224. UK economy to avoid recession, but weaker growth trend evident

     10 October 2019 Chris Williamson

     The latest official data show the UK economy is likely to avoid a recession, though a drop in GDP in August hints at a weakening trend going...

225. Caixin PMI shows Chinese business activity growth quicken to five-month high

     08 October 2019 Bernard Aw

     Growth in China’s business activity gained further momentum at the end of the third quarter, according to the latest Caixin PMI data

226. Deepening economic downturn in September for Hong Kong SAR fuels business gloom

     04 October 2019 Bernard Aw

     The deterioration of the health of the Hong Kong SAR economy deepened in September, with the latest PMI survey indicating one of the steepest...

227. Week Ahead Economic Preview: Week of 7 October 2019

     04 October 2019 Chris Williamson Rajiv Biswas Joseph Hayes Ken Wattret Bernard Aw Sian Jones

     The week ahead sees the resumption of trade talks between the US and China plus the IMF’s latest outlook, while key economic data releases include...

228. Global growth joint-lowest in three-year lows

     04 October 2019 Chris Williamson

     Latest worldwide PMI data showed the global economy losing growth momentum again in September, registering the joint-weakest increase in output...

229. Explaining US manufacturing PMI survey divergences

     03 October 2019 Chris Williamson

     Business surveys sent conflicting signals on the health of the US manufacturing sector in September, but dig deeper and the survey divergences...

230. IHS Markit European GDP Nowcasts: Eurozone economy nears stagnation in Q3

     03 October 2019 Paul Smith, Ph.D. Joseph Hayes

     The release of PMI data for September provided us with a well-rounded insight into economic performance for the third quarter.

231. Explaining US manufacturing PMI survey divergences

     03 October 2019 Chris Williamson

     Business surveys sent conflicting signals on the health of the US manufacturing sector in September. But dig deeper and the survey divergences...

232. UK Economic downturn deepens and job losses accelerate in September

     03 October 2019 Chris Williamson

     The health of the UK economy continued to deteriorate in September with the PMI surveys indicating the second-largest monthly fall in business...

233. Global manufacturing downturn shows signs of easing in September

     02 October 2019 Chris Williamson

     Global manufacturing activity contracted marginally for a fifth successive month in September, according to the

234. Manufacturing recession signalled by UK September PMI

     01 October 2019 Chris Williamson

     Manufacturing recession signalled by UK September PMI 01 October 2019 Chris Williamson Manufacturing PMI signals longest downturn since 2009...

235. South Korea manufacturing downturn persists in September despite steadier exports

     01 October 2019 Bernard Aw

     South Korean manufacturing conditions worsened for a fifth consecutive month in September, according to the

236. Flash eurozone PMI shows economy close to stalling in September

     23 September 2019 Chris Williamson

     The eurozone economy is close to stalling as a deepening manufacturing downturn shows further signs of spreading to the service sector.

237. IHS Markit European GDP Nowcasts: September PMI data pull EZ nowcasts lower

     23 September 2019 Paul Smith, Ph.D. Joseph Hayes

     Today's flash PMIs for September have added to the picture of gloom across the eurozone

238. Week Ahead Economic Preview: Week of 23 September 2019

     20 September 2019 Sian Jones Rajiv Biswas Joseph Hayes Chris Williamson Bernard Aw

     A busy week ahead includes flash PMI™ surveys, updates on US GDP and consumers, plus some key central bank speeches and policy decisions in the...

239. Week Ahead Economic Preview: Week of 16 September 2019

     13 September 2019 Ken Wattret Joseph Hayes Bernard Aw

     The week ahead is dominated by central bank policy meetings around the world, with the FOMC being at the front and centre. China economic data...

240. IHS Markit European GDP Nowcasts: Recession risk in Germany increases

     13 September 2019 Paul Smith, Ph.D. Joseph Hayes

     Our Q3 Nowcasts have been downgraded for Germany, France and Italy, indicating an increased likelihood of recession in the euro area’s largest...

241. Global growth backtracks to three-year lows amid worsening trade picture

     12 September 2019 Chris Williamson

     At 51.3 in August, the JPMorgan Global PMI™, compiled by S&P Global, fell from 51.6 in July to backtrack closer to the three-year lows seen in...

242. Week Ahead Economic Preview: Week of 9 September 2019

     06 September 2019 Sian Jones Rajiv Biswas Chris Williamson

     With global economic growth reported to have slowed closer to three-year lows in August, according the latest PMI surveys, the markets will be...

243. Global growth close to three-year lows amid worsening trade picture

     06 September 2019 Chris Williamson

     The latest PMI data showed the global economy losing growth momentum again in August

244. Eurozone PMI signals weak and fragile third quarter expansion

     05 September 2019 Chris Williamson

     The eurozone economy remained mired in a fragile state of weak and unbalanced growth in August, according to the latest survey data

245. IHS Markit European GDP Nowcast

     04 September 2019 Paul Smith, Ph.D. Joseph Hayes

     Update 4th September 2019:Underperforming PMIs raise UK recession risk

246. Plunging Hong Kong PMI signals recession amid escalating protests

     04 September 2019 Bernard Aw

     A slump in the Hong Kong PMI to its lowest since 2009 indicates that the economy is on course for its first recession in a decade

247. UK recession risks rise as PMI surveys slip into contraction territory in August

     04 September 2019 Chris Williamson

     The likelihood of the UK falling into recession has increased after PMI surveys indicated a contraction of business activity in August

248. Vietnam performs well amid global trade issues, but slowdown evident in August

     03 September 2019 Andrew Harker

     Vietnam's economy continues to perform well amid positive trade numbers, but latest PMI data suggest that no country can really be immune from...

249. Global manufacturing downturn extends in August as trade woes deepen

     03 September 2019 Chris Williamson

     PMI surveys indicated a fourth successive monthly contraction of global manufacturing activity in August. New orders dropped at the joint-steepest...

250. US manufacturing recession extends into August as export slide deepens

     03 September 2019 Chris Williamson

     US manufacturers are enduring a torrid summer, with survey gauges of output and new orders down to their lowest since 2009

251. Caixin PMI shows factory output growth, but subdued demand still a concern

     02 September 2019 Bernard Aw

     China’s manufacturing sector showed a modest recovery in August, driven by increased production volumes, according to the latest Caixin PMI data....

252. PMI signals deepening UK manufacturing downturn in August

     02 September 2019 Chris Williamson

     The UK manufacturing downturn intensified in August, as producers reported the steepest drop in new business for over seven years.

253. Week Ahead Economic Preview: Week of 2 September 2019

     30 August 2019 Sian Jones Rajiv Biswas Raj Badiani Joseph Hayes Chris Williamson Bernard Aw

     PMI surveys form the highlight of the week, providing updates on global business conditions midway through the third quarter which could prove...

254. Week Ahead Economic Preview: Week of 26 August 2019

     23 August 2019 Sian Jones Rajiv Biswas Ken Wattret Joseph Hayes Bernard Aw

     Fed watchers will be eager for further insights into the US central bank’s thinking after minutes to July FOMC meeting showed policy committee...

255. IHS Markit European GDP Nowcasts

     22 August 2019 Paul Smith, Ph.D. Joseph Hayes

     Update 22nd August 2019: Nowcasts continue to show growth disparities in EZ

256. Flash Japan PMI shows economy lifted by stronger services growth in August

     22 August 2019 Bernard Aw

     Japanese business activity grew at its fastest rate in the year to date during August, according to flash PMI data, but whether the private sector...

257. Malaise in Germany helps drive Czech manufacturing downturn

     16 August 2019 Sian Jones

     Ongoing problems across the automotive sector and a recession in German manufacturing have had a negative effect on the health of the Czech economy....

258. Zambian economy continues to struggle at start of third quarter

     16 August 2019 Thea Fourie Andrew Harker

     Companies in Zambia continued to struggle in July, with the private sector economy facing a number of headwinds, which reportedly include a lack...

259. Week Ahead Economic Preview: Week of 19 August 2019

     16 August 2019 Sian Jones Ken Wattret Joseph Hayes Bernard Aw

     Increasing uncertainty over the outlook of US monetary policy and heightened fears of potential economic recessions rattled financial markets...

260. IHS Markit European GDP Nowcasts Update 15th August 2019: Nowcasts suggest economic weakness has stretched into third quarter

     15 August 2019 Paul Smith, Ph.D. Joseph Hayes

     Following the release of second quarter GDP estimates for the major European countries, we have updated our judgement-free nowcasts for the third...

261. UK economy slides into decline in second quarter

     09 August 2019 Chris Williamson

     The latest data reveal an economy in decline and skirting with recession as headwinds from slower global economic growth are exacerbated by Brexit-related...

262. PMI survey comments show mounting global pessimism

     08 August 2019 David Owen

     Anecdotal evidence from global survey panellists shows that the worldwide outlook is becoming increasingly gloomy.

263. Global economy lifted by services but hit by steepening decline in manufacturing

     08 August 2019 Chris Williamson

     The pace of global economic growth edged up in July but remained among the weakest seen over the past three years, according to the latest PMI...

264. Hong Kong PMI signals worst downturn for over a decade in July amid trade wars, protests

     05 August 2019 Bernard Aw

     The start of the third quarter saw Hong Kong's private sector stuck in the worst downturn since the heights of the global financial crisis over...

265. IHS Markit US PMI hints at weak economic growth persisting into third quarter

     05 August 2019 Chris Williamson

     The pace of US economic growth slowed in the second quarter, and PMI survey data hint that the expansion could remain relatively lacklustre in...

266. IHS Markit European GDP Nowcasts Update 5th August 2019: Downward revisions across euro area

     05 August 2019 Paul Smith, Ph.D. Joseph Hayes

     Following disappointing flash PMI data across the euro area, confirmed by today’s final PMI figures, other business indicators released over...

267. UK PMI surveys point to stagnant economy at start of third quarter

     05 August 2019 Chris Williamson

     The PMI surveys indicated that the UK economy stagnated in July

268. Week Ahead Economic Preview: Week of 5 August 2019

     02 August 2019 Sian Jones Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     With central bankers around the world focusing on the extent to which global economic conditions might necessitate further stimulus, services...

269. Caixin China PMI signals stabilisation in manufacturing, but no signs of recovery yet

     01 August 2019 Bernard Aw

     Caixin PMI data, compiled by S&P Global, indicated that China’s manufacturing sector was close to stabilisation at the start of the third quarter....

270. Accelerating global manufacturing downturn spreads to more countries in July

     01 August 2019 Chris Williamson

     PMI surveys indicated that the global manufacturing downturn deepened in July

271. PMI shows steepest drop in UK manufacturing output for seven years

     01 August 2019 Chris Williamson

     UK manufacturers reported the largest monthly fall in production for seven years in July.

272. Week Ahead Economic Preview: Week of 29 July 2019

     26 July 2019 Rajiv Biswas Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     A full diary for the week ahead includes central bank meetings in the US, UK and Japan, plus key data releases such as worldwide manufacturing...

273. Flash Japan PMI shows manufacturing malaise continues into July

     24 July 2019 Bernard Aw

     The start of the third quarter saw a further deterioration in Japanese manufacturing conditions, according to flash PMI, as new export sales...

274. Flash Japan PMI shows services growth offsets factory decline, but outlook darkens

     24 July 2019 Chris Williamson

     Japanese business activity grew in July at the fastest rate since last December, according to new survey data, though indicators of new orders...

275. Flash Australia PMI surveys signal loss of momentum in economic recovery

     24 July 2019 Bernard Aw

     The recovery in Australian business activity lost momentum at the start of the third quarter, according to flash PMI survey data, with other...

276. IHS Markit European GDP Nowcasts Update 24th July 2019: Downward revisions for Germany and Eurozone

     24 July 2019 Paul Smith, Ph.D. Joseph Hayes

     In July 2019 we introduced two nowcasting models for the Eurozone and the UK

277. Eurozone economic growth falters as manufacturing downturn deepens

     24 July 2019 Chris Williamson

     The eurozone economy relapsed in July, with the PMI giving up the gains seen in May and June to signal one of the weakest expansions seen over...

278. US manufacturing flirts with recession despite output rising in June

     18 July 2019 Chris Williamson

     US manufacturing output rose 0.4% in June, its biggest monthly gain since December, but the rise failed to prevent the sector contracting over...

279. Bank of Korea cuts policy rate in July amid growing external risks

     18 July 2019 Bernard Aw

     Recent data showed shrinking export volumes, painting an increasingly gloomy outlook for the trade-reliant South Korean economy

280. UK employee numbers fall at fastest rate for eight years as hiring trend wanes

     17 July 2019 Chris Williamson

     More detailed official data corroborates survey data which point to a marked change in firms’ appetite to hire so far this year

281. Sub-Saharan region emerges as bright spark in troubled global economy

     16 July 2019 David Owen Andrew Harker

     Output growth across Sub-Saharan Africa remains strong despite global slowdown

282. Examining the relationship between PMI data and changes in GDP

     16 July 2019 Eliot Kerr David Owen

     S&P Global’s PMI survey diffusion indices are designed to capture business cycle developments. They do this by replicating the industrial make-up...

283. Upturn in official eurozone manufacturing data likely represents false dawn

     12 July 2019 Chris Williamson

     Industrial production in the eurozone rose sharply in May, but survey data indicate that the improvement will be short-lived.

284. Week Ahead Economic Preview: Week of 15 July 2019

     12 July 2019 Sian Jones Rajiv Biswas Raj Badiani Joseph Hayes Chris Williamson Bernard Aw

     With policymakers around the world continuing to worry about the health of the global economy, the release of S&P Global’s Global Business Outlook...

285. Weak PMI numbers take shine off Taiwanese export improvement

     10 July 2019 Bernard Aw

     Official data showed Taiwanese exports rising in June, but the modest gain looks likely to be short-lived as the export sector continues to face...

286. UK GDP on course for 0.1% decline in second quarter

     10 July 2019 Chris Williamson

     An improvement in the economy in May failed to lift output sufficiently to avoid the data for the second quarter so far showing a decline on...

287. PMI surveys highlight weakening global capex and sector trends

     05 July 2019 Chris Williamson

     Detailed analysis of the latest global PMI data showed deepening downturns in some key sectors.

288. Nowcasting Europe

     04 July 2019 Paul Smith, Ph.D. Joseph Hayes

     Where are we now? Nowcasting European economic growth

289. Caixin China PMI surveys point to softening economic activity

     03 July 2019 Bernard Aw

     The latest Caixin PMI™ surveys indicated that growth momentum in the Chinese economy lost further traction, with June seeing the weakest rise...

290. PMI surveys indicate global economic growth stuck at three-year low

     03 July 2019 Chris Williamson

     The pace of global economic growth remained stuck at a three-year low in June, according to the latest PMI surveys from S&P Global.

291. UK PMI surveys indicate economic decline at end of second quarter

     03 July 2019 Chris Williamson

     The PMI surveys indicated that the UK economy slipped into contraction in June

292. Global manufacturing downturn deepens in June

     02 July 2019 Chris Williamson

     Worldwide PMI surveys indicated a deterioration of manufacturing business conditions for a second successive month in June.

293. Indonesia manufacturing upturn loses momentum in June

     01 July 2019 Bernard Aw

     Indonesia’s manufacturing sector lost some momentum in June, according to PMI data.

294. Eurozone manufacturing downturn accompanied by falling payrolls and lower prices

     01 July 2019 Chris Williamson

     Eurozone manufacturing remained stuck firmly in a steep downturn in June

295. UK PMI signals deepening manufacturing downturn in June

     01 July 2019 Chris Williamson

     UK manufacturers reported the steepest deterioration of business conditions for over six years in June

296. Week Ahead Economic Preview: Week of 1 July 2019

     28 June 2019 Sian Jones Raj Badiani Ken Wattret Joseph Hayes Chris Williamson Bernard Aw

     A busy week includes key data releases that could steer monetary policy around the globe. The week starts with the publication of worldwide manufacturing...

297. Week Ahead Economic Preview: Week of 24 June 2019

     21 June 2019 Bernard Aw Sian Jones Chris Williamson Rajiv Biswas

     Trade wars and politics look set to dominate the markets, monitoring progress between the US and China at the G20 Leader Summit meeting in particular...

298. IHS Markit US flash PMI slides closer to stagnation

     21 June 2019 Chris Williamson

     US business activity edged closer to stagnation in June, according to flash PMI survey data from S&P Global

299. Flash Eurozone PMI hits seven-month high, but growth and sentiment remain subdued

     21 June 2019 Chris Williamson

     The eurozone economy picked up further momentum in June, with the headline PMI rising from the lows seen earlier in the year

300. Japanese manufacturing orders fall at fastest rate for three years

     21 June 2019 Bernard Aw

     Japan’s manufacturing economy continued to struggle midway through the year, according to the flash PMI data from S&P Global. The manufacturing...

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