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) 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)

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)

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.

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)

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)

🇰🇿 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 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)

🌐 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).

US equity investor risk appetite improved for a second month running in November, rising to the highest since April. The Risk Appetite Index rose from +7% in October to +36% in November. Read more: ihsmark.it/pR4t50GJr7M November saw investors’ expectations of market support from central bank and fiscal policy lift higher. The macro environment is also seen as more positive for equities, with the US and global economies set to provide the biggest contributions since July.