Discover and read the best of Twitter Threads about #PMI

Most recents (24)

🇰🇿 The latest Tengri Partners Kazakhstan Manufacturing #PMI suggests that the sector is in recovery mode. The PMI hit its highest level since the survey began in March 2019, boosted by a record rise in new orders (1/3)
Firms were also successful in their efforts to hire additional staff, with employment up for the first time in a year (2/3)
The positivity at the end of Q2 was seen despite ongoing logistical difficulties for firms due to the impact of sanctions on Russia and associated disruption to trade routes (3/3)
Read 4 tweets
Flash #Germany #PMI Composite Output Index falls to 51.3 in June (May 53.7, consensus 53.1), a 6-month low and indicative of GDP contracting. As with France, consensus well and truly missed

More at bit.ly/3OhVVnF
Manufacturing Output Index at 49.0 (May: 51.2) amid steepest drop in factory orders for two years. Services PMI at 5-month low of 52.4 (May: 55.0) with demand also now falling.
German businesses also reported their lowest confidence towards future activity for over two years in June, led by worsening prospects in manufacturing. This points to a worsening economic decline in coming months
Read 5 tweets
Big miss for French PMI ... Flash #France #PMI Composite Output Index slides to 52.8 in June (May 57.0), a 5-month low and way below expectations of 56.0. Manufacturing output index at just 45.7 (PMI at 51.0) with services index down to 54.4.
bit.ly/3bmbj41
So French manufacturing is in a steep decline and the service sector is losing momentum rapidly.
Forward-looking indicators have also turned down sharply in #France. Confidence slid to a 19-month low in June, while new orders and backlogs of work rose at the slowest rates for 14 months
Read 4 tweets
FYI, latest #PMI surveys undermine claims that #NIprotocol / SM membership is helping the Northern Ireland economy to outperform...

NI was the second weakest region In May, with the least optimistic outlook for the next 12 months... (1/3)

#BrexitReality
... detail shows Northern Ireland doing worse than the UK average on

❌ activity
❌ new business
❌ backlogs
❌ employment
❌ input costs
❌ prices charged (2/3)
... and this isn't a new development either 👇 (3/3)

sources: pmi.spglobal.com/Public/Home/Pr…

pmi.spglobal.com/Public/Home/Pr…
Read 3 tweets
The latest #PMI data revealed a mix of sluggish global growth and soaring business costs in May, with input price inflation hitting the second-highest since the commodity price surge of 2008-09 (1/7)
The UK and US are reporting the steepest cost increases of the world’s major economies, while Japan and Brazil also saw unprecedented rates (2/7)
While price rises have been led by manufacturing so far, recent data have shown signs of inflation levelling off due to peaking supply delays and cooling of demand (3/7)
Read 7 tweets
🌐 The latest S&P Global Sector #PMI showed the #COVID recovery propelling consumer services further in May. However, weak demand and inflationary pressures restricted growth across production industries.
Global Tourism & Recreation firms continued on their post-COVID rebound in May and raised employment at the fastest pace on record (since Oct ‘09).
The Global Banking sector endured a difficult May, with new business falling at a pace unseen outside of the initial wave of the COVID-19 pandemic.
Read 6 tweets
The flash S&P Global/CIPS composite #PMI fell from 60.9 in March to 57.6 in April. Although broadly consistent with GDP growing at a quarterly rate of 0.7-8%, the latest reading signals a marked slowing in the pace of growth 1/
UK service sector business inflows grew at the slowest rate in 2022 to date. In manufacturing, order book growth has lost momentum, driven by an increasing loss of export sales, to result in the weakest rise in new orders since January 2021. 2/
#UK manufacturers and service providers reported demand having been hit by high COVID-19 infection rates and spending power having been squeezed by higher prices, but Brexit was also seen as having hit exports, and the Ukraine war/sanctions was cited as an additional headwind 3/
Read 6 tweets
Next week sees the release of February flash #PMI surveys, plus RBNZ and BoK meetings as well as #GDP for the US, Germany, Taiwan and Thailand.

Full preview at
bit.ly/3uX5ge0
The PMI data in particular will help assess the economic impact of the Omicron variant. Global growth slowed to a 1½ year low in January with a sharp rise in the number of firms reporting output being constrained by staff shortages & illness linked to Omicron ...
More encouragingly, the incidence of output being constrained by materials shortages continued to fall from a pandemic-peak recorded last October.
Read 5 tweets
DoubleLine founder and CEO Jeffrey Gundlach presents:

Just Markets 2022 - I Feel Young Again

Today at 1:15pm PT, register here: event.webcasts.com/starthere.jsp?…

#macro #markets #stocks #FX #bonds #commodities #rates #inflation #Fed #QE #bitcoin

Live recap thread⬇️
Jeffrey Gundlach: 2021 might end up running 7% year on the CPI

#inflation #QE #Powell #fed #hikes #rates
Jeffrey Gundlach: Low interest rates coupled with inflation generating negative interest rate.

#JustMarkets2022 #CPI #QE #Fed
Read 48 tweets
Global #manufacturing output growth accelerated in December, coming back into line with growth of new orders, as supply constraints eased. Our #PMI wrap up in 10 charts bit.ly/3qRgGwc
While the number of companies worldwide reporting that output was constrained by shortages continued to run at 3.5 times the long-run average in December, this is down from a record peak of 4.7 times the long-run average back in October.
Although still running at a level far in excess of anything seen prior to the pandemic, the average lengthening of supplier delivery times globally eased for a second consecutive month in December to the smallest recorded since March.
Read 6 tweets
1) Sayfamı takip edenlerin bildiği gibi artık bir klasik olan, geçen haftanın olaylarına ve önümüzdeki hafta öne çıkabilecek gelişmelere odaklanan, David Westin’in sunduğu #WallStreetWeek program özeti hazır.

Bir kahve içimi vakit ile buyrun başlayalım.
2) Öncelikle bizleri dolu dolu bir hafta bekliyor.📝✅

En azından açıklanacak ekonomik veriler açısından öyle. Diğer taraftan da alışveriş ve tatil dönemi başladığı için de bu hafta biraz kısa olacak. Bunların detaylarına şirketler ve haftanın programı bölümünde değineceğim.
3) #Enflasyon konusu en çok tartışılan tema oldu. Teknoloji, inovasyon ve verimlilik artışının iş gücünün katılımındaki kaybı karşılayarak büyümeye destek verdiği belirtiliyor. Benzer şekilde tüketicilerin yüksek harcamalarının etkisi de verilere ve hisse fiyatlarına yansıyor.
Read 12 tweets
The IHS Markit/CIPS flash UK #PMI rose from 54.9 in Sep to 56.8 in Oct, indicating the fastest expansion of the economy since July.

That's above the pre-pandemic survey average of 54.0 and indicative of roughly 0.7% q/q #GDP growth.

bit.ly/3m3apw0
UK growth is looking increasingly lop-sided, however, with the upturn led by the services sector, and consumer-facing and hospitality firms in particular driving the expansion for a third month running. In contrast, manufacturing saw production growth slide to near-stagnation.
While the service sector continued to benefit from the opening up of the economy, factories have been besieged by a further worsening of supply chain delays and ongoing staffing issues, as well as falling exports and what appears to have been diversion of spend toward services.
Read 14 tweets
As we start to prepare for the flash #PMI releases at the end of the week, here's a free-to-read recap on the September data:

"Developed world economies hit by slower growth and rising prices"

bit.ly/2Z2r4a4
The divergence between the PMI signals of slower economic growth and steeper price pressures has presented a dilemma for policymakers. While the price gauges fuel calls for policy accommodation to be scaled back, the deteriorating output momentum calls for caution.
Importantly, watch the sub-indices from the forthcoming manufacturing PMIs in addition to the headline #PMI, as this is where the supply chain pressure signals – which will ultimately steer inflation – will be found. Read more about these sub-indices at bit.ly/3G1v2Rf
Read 3 tweets
How is China’s recent export performance? #PMI for new export orders has been declining since May, but total #exports have maintained a fast growth, especially in the last two months, setting new record highs for the same period. Such divergence could be confusing. 1/5
In a recent article, CF40 research associate and deputy director of the Research Department ZHU He says China’s surprisingly strong #exports after July come more from increased cost than demand. 2/5 mp.weixin.qq.com/s/lUuGDhKrSnDr…
ZHU He analyses the #export growth rate of 6512 categories of products over the past six months by splitting the two dimensions of volume and price. The result shows that 15 percentage points of the 25% export growth rate in August actually came from product #price hikes. 3/5
Read 5 tweets
UK #PMI data showed #construction activity slowing sharply in August. Given the amount of stimulus and relatively early stage in the recovery, to be slowing so close to the long-term trend is disappointing 1/4
Part of the slowdown can be linked to weaker growth of new orders for construction work, but as the chart shows, activity has slowed much more sharply than demand for new work, so there are other factors at play 2/4
Part of the slowdown is clearly linked to ongoing near-record #shortages of raw materials, as measured by suppliers' delivery times, which have in turn led to unprecedented price hikes for building materials in recent months 3/4
Read 4 tweets
China PMI weakness ahead? Following up on the quoted tweet, one zeroes in on #China's #manufacturing #PMI. Key Asian economies have seen weakness on the back of a rise in their #COVID-19 curves and related restrictions on activity. China has been experiencing multiple...(1/4)
...issues. The recent policy shock aside, from mid-July, China saw power outages, significant floods, all in provinces housing key manufacturing-hubs. Adding to this, the recent surge in COVID-cases have led to a string of lockdowns/restrictions across 14 provinces. While...(2/4)
...the extreme weather disturbances in July was expected to have dented China's production, the PMI manufacturing numbers were only marginally lower. Focus now shifts on August activity that is now expected to tag its Asian neighbours like Malaysia, Vietnam and...(3/4)
Read 4 tweets
#Manufacturing #PMI survey data reveal how the UK’s exporters have underperformed their peers in the eurozone to the greatest extent for over two decades so far this year, i.e. since the end of the #Brexit transition period.
bit.ly/3yfQGNc
UK suppliers of components in particular have seen only a marginal increase in export sales in the past six months, while similar firms in the eurozone, in contrast, has seen record export growth of component export sales.
This is itself an underperformance by UK suppliers of a degree never previously seen in at least 20 years of survey history
Read 6 tweets
A bit more on today's UK trade data and the impact of #Brexit...

It helps to look at #imports and #exports *separately* - the stories are quite different.

The relative weakness of UK trade with the EU is mainly on the *import* side, which is only partly Brexit related... (1/6)
A lot is also due to problems in the car sector (e.g. global shortages of parts) and the relative weakness of demand for cars, which we mainly import from the EU, compared to goods we import from the rest of the world (e.g. clothing & PPE from Asia)... (2/6)
There may also be some cases where UK imports from the EU are being replaced by imports from the rest of the world, or local production.

But if consumers were happy buying from the EU before #Brexit, new trade frictions that hinder this are not obviously a 'good thing'... (3/6)
Read 6 tweets
US #PMI data from @IHSMarkit show the economy surged in May, led by the largest expansion of consumer services activity on record. #GDP growth could reach double-digits as the economy opens up, adding further pressure on the #FOMC. More at bit.ly/3wnJVZb
@IHSMarkit Here's the latest @IHSMarkitPMI US survey data tracked against historical @FOMC policy decisions, highlighting the unprecedented surge in economic activity ...
@IHSMarkit @IHSMarkitPMI @fomc This economic boom in the US is being accompanied by price rises which far outpace the rate of inflation seen in other countries, with the PMI's index of prices charged for goods and services at a record high by some margin in the US....
Read 4 tweets
UK economy booms: UK #PMI hits record high (over 2 decades) in May according to preliminary data as economy opens up from covid restrictions. More at bit.ly/3f8y1Mc
May also saw a near-record rate of job creation in the UK, with PMI #employment index surging higher...
However, prices are also increasing at an unprecedented rate in May, hinting strongly that consumer price inflation (#CPI) has much further to rise after lifting to 1.5% in April.
Read 3 tweets
Il giuramento del Governo Draghi
13 feb | TG4 | Rete 4

Mario #Draghi presta giuramento: «Giuro di essere fedele alla Repubblica, di osservarne lealmente la Costituzione e le leggi e di esercitare le mie funzioni nell'interesse esclusivo della Nazione.» vimeo.com/512327907
🆘Crisi economica, SOS dalle Partite Iva
11 feb | TG4 | Rete 4

Gli #ambulanti manifestano a @Montecitorio: "Fateci lavorare‼️". Il sit-in degli ambulanti a Montecitorio per protestare contro le chiusure e la mancanza di #ristori. In un anno oltre 6mila chiusure nel settore.
Read 119 tweets
Esta semana, los mdos continuarán atentos a la evaluación de contagios de #Covid, políticas de confinamiento y vacunación. En cuanto a eventos de mdo y datos económicos, los mdos pondrán mucha atención al reporte de empleo de enero en EUA y a discursos de miembros del #FOMC
Asimismo, el mdo continuará poniendo atención a los reportes corporativos trimestrales y el @bankofengland tendrá su reunión de pol mon. También se publicarán los PMIs de enero a nivel global, el PIB de 4T20 y la inflación de enero en la Eurozona
En México, será semana corta p/feriado bancario (lunes 1-feb; Día de la Constitución). Sin embargo, se publicará el @IndicadorIMEF de enero (#PMI) y los indicadores mensuales de demanda agregada de noviembre: Consumo privado e inversión fija bruta (@INEGI_INFORMA)...
Read 4 tweets
#MCPro: The financial scorecard of these banks may have been below par, but an @RBI internal working group’s report puts the spotlight back on them.

#Banks #BankingSector

moneycontrol.com/news/business/…
#MCPro: The investment thesis for this logistics company has two legs to stand on – the revival in consumption and sectoral reforms of the govt.

#Investments #Investors

moneycontrol.com/news/business/…
#MCPro: The revenue diversification of KEI Industries has worked. The company has been able to improve the quality of earnings and remove business cyclicality drastically.

#Earnings #Business @keicable

moneycontrol.com/news/business/…
Read 4 tweets

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