News from World

tag: Purchasing Managers Index (PMI)

02 March 2023

China’s Factory Activity Gets Back to Growth

China’s manufacturing activity climbed back into expansionary territory in February after six straight months of contraction, with supply, demand and employment all picking up as Covid-19 infections subsided. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) came in at 51.6 in February, up from 49.2 the previous month. A reading below 50 indicates a contraction in activity, while a number above that signals an expansion. [Caixin China General Manufacturing PMI Press Release]

15 November 2022

The slowdown in global economic growth is increasingly evident, according to global data from the Purchasing Managers Index (PMI)

Global economic growth is facing a unique mix of headwinds, including Russia's invasion of Ukraine, interest rate hikes to contain inflation, and lingering effects of the pandemic such as lockdowns in China and disruptions in supply chains. In turn, the latest IFM World Economic Outlook lowered the global growth forecast for next year to 2.7%, and countries representing more than 1/3 will contract this year and next. Moreover, the latest report prepared for the G20 confirms the gloomier outlook.

05 November 2022

Vietnam Manufacturing Growth at 13-Month Low

The S&P Global Vietnam Manufacturing PMI slipped to 50.6 in October 2022 from 52.5 in September. The latest result pointed to the 13th straight month of growth in factory activity but the softest in the sequence. New orders rose the least since October 2021, output growth was at a three-month low, and export orders moderated. [Source: Markit Economics]

05 November 2022

There are expectations of recovery of industrial production in China following rumors about an easing of the zero-Covid policy

China’s stock markets are rising again on rumors that the country may loosen its zero-COVID policy. But no official confirmation has come through. COVID-19 cases hit their highest level since May today, and senior Chinese virologists are concerned about a winter wave driven by a combination of COVID-19 and the flu.

03 October 2022

The global recession hits Asian industry

Japan Aug PMI marks weakest growth since Jan last year. Manufacturing activity shrinks from Taiwan to Malaysia. Slowing China, U.S. demand weighing on Asia's economies. [Asia's factory activity weakens on global slowdown, cost ...- Reuters]

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