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S&P Global PMI™ Profile picture
@SPGlobalPMI
Jun 8, 2022 • 7 tweets • 3 min read • Read on X
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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)
Supplier delivery delays have eased quite considerably in the US, eurozone and UK compared to peaks seen in 2021, though it is a different story in Asia with disruption coming from lockdowns in China (4/7)
Meanwhile, rising pressures from energy, materials and labour costs have driven service cost inflation above that of manufacturing for the first time in almost 2 years (5/7)
That said, by detailed sector, the highest rate of inflation was recorded by food manufacturers in May, raising concerns of a further hit to household expenses (6/7)
For our full analysis, click here (7/7)
ihsmark.it/zrv230slBkf

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More from @SPGlobalPMI

S&P Global PMI™ Profile picture
Sep 26, 2023
Recession risks increase for the #UK as indicated by the flash #PMI data, as the downturn in output records the steepest since the global financial crisis in 2009, barring only the pandemic lockdown months. (1/6) Image
By sector, both the service and manufacturing sector registered a decline in output for the second and seventh successive month in September. Moreover, both the two sectors also registered a drop in the inflows of new work. (2/6) Image
In terms of employment, weak demand conditions, a high interest rate environment and an intensifying gloom about the economic outlook led to the steepest fall in staffing levels since January 2021. (3/6) Image
Read 6 tweets
S&P Global PMI™ Profile picture
Oct 6, 2022
A majority of the sectors we monitor globally saw output contract in September. The strongest decline was in Real Estate, which continued to struggle amid worsening financial conditions. Rates of reduction in activity and new orders accelerated further in September. (1/6)
The post-COVID bounce in the Tourism & Recreation sector has faded away, with activity and employment each down for the first time in eight months during September. (2/6)
Demand has weakened amid severe cost of living pressures, while the sector recorded the sharpest rise in input costs of all those covered in the latest survey period, suggesting little respite for customers. (3/6)
Read 7 tweets
S&P Global PMI™ Profile picture
Sep 13, 2022
The Risk Appetite Index from September’s #IMI fell from -13% in August to -16%, indicating growing risk aversion. Expectations of near-term US equity market returns remain deeply in negative territory. Read more: ow.ly/ZAMW50KI1jH
The biggest perceived drags on the US equity market are the global macroeconomic environment and central bank policy, followed by the political environment.
Special survey questions asked in September reveal that a recession over the next year is anticipated by 79% of investors, though only one-in-ten expect the recession to be deep. At the same time, investors see inflation remaining elevated and a concern to the FOMC.
Read 4 tweets
S&P Global PMI™ Profile picture
Sep 1, 2022
The #Taiwan Manufacturing #PMI dropped to 42.7 in August, indicative of a sharp deterioration in operating conditions that was the worst recorded since May 2020 (1/5)
ow.ly/3kBb50Kxr6v
Taking a closer look at the Taiwan Manufacturing PMI data for August shows a deepening downturn in #production. Excluding the initial pandemic lockdowns in 2020, the drop in output was the worst seen since the #GFC in 2009 (2/5)
Firms cut output further as global #demand conditions weakened notably, with new #export orders dropping at one of the fastest rates on record (3/5)
Read 5 tweets
S&P Global PMI™ Profile picture
Jul 1, 2022
Poland’s manufacturing PMI dropped to 44.4 in June, a level only previously seen during the global financial crisis and the pandemic… (1/4)
…manufacturers are reporting that the war in Ukraine and high inflation is eroding purchasing power, but the loss of momentum in June was startling…(2/4)
…although, despite remaining elevated, there are signs that supply-chain inflation is dissipating…(3/4)
Read 4 tweets
S&P Global PMI™ Profile picture
Jul 1, 2022
🇰🇿 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

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