Thread by @GnSEconomics

September 2020 flash PMI in one thread, in following order

#US 🇺🇸
#UK 🇬🇧
#EuroZone 🇪🇺
#Germany 🇩🇪
#France 🇫🇷
#Japan 🇯🇵
#Australia 🇦🇺

+Note on diffusion indexes like the purchasing managers indexes, or #PMIs.

#economy #recession #recovery

🇺🇸 #US #PMI September 2020 (August)

Solid rise in private sector business activity in September

Composite Output 54.4 (54.6)
Services Business Activity 54.6 (55.0)
Manufacturing PMI 53.5 (53.1)
Manufacturing Output 53.3 (52.7)

markiteconomics.com/Public/Home/Pr…

🇬🇧 #UK #PMI September 2020 (August)

Recovery loses momentum and business outlook drops to its weakest since May

Composite Output 55.7 (59.1)
Services Business Activity 55.1 (58.8)
Manufacturing Output 59.3 (61.0)
Manufacturing PMI 54.3 (55.2)

markiteconomics.com/Public/Home/Pr…

🇪🇺 #Eurozone #PMI September 2020 (August)

Business activity stagnates in September as rebound falters

PMI Composite Output 50.1 (51.9)
Services PMI Activity 47.6 (50.5)
Manufacturing PMI Output 56.8 (55.6)
Manufacturing PMI 53.7 (51.7)

markiteconomics.com/Public/Home/Pr…

🇩🇪 #Germany #PMI September 2020 (August)

Economy relies on manufacturing to sustain growth as services activity suffers

PMI Composite Output 53.7 (54.4)
Services PMI Activity 49.1 (52.5)
Manufacturing Output 62.2 (57.7)
Manufacturing PMI 56.6 (52.2)

markiteconomics.com/Public/Home/Pr…

🇫🇷 #France #PMI September 2020 (August)

Private sector recovery stutters with first decline in activity since May

Composite Output 48.5 (51.6)
Services Activity 47.5 (51.5)
Manufacturing Output 53.0 (52.3)
Manufacturing PMI 50.9 (49.8)

markiteconomics.com/Public/Home/Pr…

🇯🇵 #Japan #PMI September 2020 (August)

Flash Japan PMI signals further economic decline, but confidence strengthens

Composite PMI output 45.5 (45.2)
Services Business Activity 45.6 (45.0)
Manufacturing Output 45.2 (45.8)

markiteconomics.com/Public/Home/Pr…

🇦🇺 #Australia #PMI September 2020 (August)

Australian private sector output returns to growth in September

Composite Output Index 50.5 (49.4)
Services Business Activity 50.0 (49.0)
Manufacturing Output 53.6 (52.5)
Manufacturing PMI 55.5 (53.6)

markiteconomics.com/Public/Home/Pr…

Probably the biggest misunderstanding in the recovery-narrative is the misinterpretation concerning diffusion indexes like the purchasing managers indexes, or PMIs.
#PMI #economy #recession #recovery

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gnseconomics.com/2020/09/08/the…