September #PMI thread (August in brackets) 1/8
๐ช๐บ #Eurozone
๐ฉ๐ช #Germany
๐ซ๐ท #France
๐ฎ๐น #Italy
๐ช๐ธ #Spain
๐ฌ๐ง #UK
+ Note on how to read PMI
#economy #recession
๐ช๐บ #Eurozone
๐ฉ๐ช #Germany
๐ซ๐ท #France
๐ฎ๐น #Italy
๐ช๐ธ #Spain
๐ฌ๐ง #UK
+ Note on how to read PMI
#economy #recession
๐ช๐บ Eurozone PMI 2/8
โWith the eurozone economy having almost stalled in September, the chances of a renewed downturn in the fourth quarter have clearly risen"
Composite 50.4 (51.9)
Services 48.0 (50.5)
#Eurozone #PMI
markiteconomics.com/Public/Home/Prโฆ
โWith the eurozone economy having almost stalled in September, the chances of a renewed downturn in the fourth quarter have clearly risen"
Composite 50.4 (51.9)
Services 48.0 (50.5)
#Eurozone #PMI
markiteconomics.com/Public/Home/Prโฆ
๐ฉ๐ช Germany PMI 3/8
"Growth in the German service sector slowed to a crawl in September, as the rebound in activity from the COVID-19 lockdown continued to lose steam"
Services 50.6 (52.5)
Composite 54.7 (54.4)
#Germany #PMI
markiteconomics.com/Public/Home/Prโฆ
"Growth in the German service sector slowed to a crawl in September, as the rebound in activity from the COVID-19 lockdown continued to lose steam"
Services 50.6 (52.5)
Composite 54.7 (54.4)
#Germany #PMI
markiteconomics.com/Public/Home/Prโฆ
๐ซ๐ท France PMI 4/8
"Rising COVID-19 infection rates contributed to a downturn in private sector business activity at the end of third quarter"
Services 47.5 (51.5)
Composite 48.5 (51.6)
#France #PMI
markiteconomics.com/Public/Home/Prโฆ
"Rising COVID-19 infection rates contributed to a downturn in private sector business activity at the end of third quarter"
Services 47.5 (51.5)
Composite 48.5 (51.6)
#France #PMI
markiteconomics.com/Public/Home/Prโฆ
๐ฎ๐น Italy PMI 5/8
"Services sector remained in contraction territory in September, with business activity declining for the second month in a row whilst new orders fell moderately again"
Services 48.8 (47.1)
Composite 50.4 (49.5)
#Italy #PMI
markiteconomics.com/Public/Home/Prโฆ
"Services sector remained in contraction territory in September, with business activity declining for the second month in a row whilst new orders fell moderately again"
Services 48.8 (47.1)
Composite 50.4 (49.5)
#Italy #PMI
markiteconomics.com/Public/Home/Prโฆ
๐ช๐ธ Spain PMI 6/8
โSeptemberโs services data highlights how the recovery from the most severe impacts of COVID-19 earlier in the year is faltering"
Services 42.4 (47.7)
Composite 44.3 (48.4)
#Spain #PMI
markiteconomics.com/Public/Home/Prโฆ
โSeptemberโs services data highlights how the recovery from the most severe impacts of COVID-19 earlier in the year is faltering"
Services 42.4 (47.7)
Composite 44.3 (48.4)
#Spain #PMI
markiteconomics.com/Public/Home/Prโฆ
๐ฌ๐ง UK PMI 7/8
โThe UK service sector showed encouraging resilience in
September, with business activity continuing to grow solidly"
Services 56.1 (58.8)
Composite 56.5 (59.1)
#UK #PMI
markiteconomics.com/Public/Home/Prโฆ
โThe UK service sector showed encouraging resilience in
September, with business activity continuing to grow solidly"
Services 56.1 (58.8)
Composite 56.5 (59.1)
#UK #PMI
markiteconomics.com/Public/Home/Prโฆ
September #PMI thread 8/8
Probably the biggest misunderstanding in the recovery-narrative is the misinterpretation concerning diffusion indexes like the purchasing managers indexes, or PMIs.
#PMI #economy #recession
Read more from here:
gnseconomics.com/2020/09/08/theโฆ
Probably the biggest misunderstanding in the recovery-narrative is the misinterpretation concerning diffusion indexes like the purchasing managers indexes, or PMIs.
#PMI #economy #recession
Read more from here:
gnseconomics.com/2020/09/08/theโฆ
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