UK business activity surged back into life in February, according to the flash PMI, displaying renewed growth after six months of decline. The composite PMI rose from 48.5 to 53.0, registering the strongest expansion since last June and smashing expectations of a reading of 49.2 UK PMI input cost gauges also fell further, but only slightly to remain elevated. So #CPI #inflation should continue to moderate, but the Bank of England's 2% target still seems a long way off

UK #recession risk rises as flash #PMI falls deeper into contraction in January amid worsening service sector economy and ongoing manufacturing decline. More at bit.ly/3WzVTev Survey highlights how headwinds are driving UK economic activity lower, though price pressures are thankfully cooling - albeit remaining elevated

Global #manufacturing output fell for a 5th straight month in December. Although improving supply helped moderate the rate of decline, a further steepening in the rate of loss of new orders paints a bleak picture of demand. More at bit.ly/3jSl9P9 #PMI Factories around the world are now also shedding workers in response to worrying signs of excess operating capacity, according to @SPGlobalPMI data

Global #manufacturing PMI falls into contraction territory for first time since 2020 lockdowns.

Here's our deep dive into the numbers and sub-indices bit.ly/3RzsmPs Of the 31 economies for which S&P Global PMI data are available for September, some 21 reported falling production. Myanmar and Taiwan are seeing the steepest downturns, followed by the Czech Republic and Poland.

Worldwide PMIs to provide guidance on recession risks and inflation trends. Read our free preview of what to look out for in Friday's flash releases ihsmarkit.com/research-analy… The key data will be the new orders indices, and what they are telling us about the environment in which central banks are hiking interest rates. It's not been looking great up to June ...

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.

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.

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/

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 ...

Global economic growth slowed at the end of 2021 amid rising COVID-19 infection rates linked to #Omicron. However, at 54.3, the Global PMI signals above-trend annualised quarterly global GDP growth of approx. 3.5%.

bit.ly/3F8Ar7j The December global PMI was pulled lower by a slowing of service sector growth, which slipped to the weakest for three months. In contrast, manufacturing growth accelerated to the fastest since July, albeit running behind that of services for the ninth month running.

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.

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 I was trying (in vain) to find petrol to drive my daughter to London for university tomorrow, a colleague who runs a laundry business told us how he was called to be informed that his lorry load of clean laundry had been deserted at a service station. His driver had been... ... having a break when someone offered to double his pay with a starting bonus if he'd drive for him. An offer too good to refuse, he simply went off leaving my friend in the lurch, a full lorry deserted in a service station. He had to scramble to get his property back. What ...

UK PMIs, including flash September data, charted against Bank of England policy decisions underscores how unusual the current economic situation is, with price pressures accelerating while growth slows. bit.ly/3nXx9in The further acceleration of price growth will add to concerns that the recent bout of inflation is proving less transitory than many suspected,

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

#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.

The US continued to lead the global economic rebound in June, according to flash PMI data from IHS Markit, but also showed signs of growth peaking from May’s record expansion. The eurozone meanwhile was alone among the four largest developed world economies in seeing growth accelerate in June, while Japan fell into a deeper contraction amid emergency measures to curb COVID-19 infections.

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 ...

Global factory growth ends 2020 close to decade-highs, but supply worsens bit.ly/3bfKA7f A key contributor to the relatively swift return of robust global #manufacturing growth in the recent months has been a revival in worldwide goods trade. There's some signs of this export boost fading though...

Flash @IHSMarkitPMI surveys show global economy on road to recovery from pandemic. The G4 economies’ flash #PMI output index rose from 46.5 in June to 51.1 in July, up further from an all-time low of 21.5 in April. Read more at bit.ly/3eTVFZP @IHSMarkitPMI The statistical historical relationship of the flash PMI with global #GDP suggests that the latest reading is broadly consistent with the global economy growing by 2% on a year ago, up from a signal of 0.2% growth in June.

UK economy in worst spell since 2009 as all-sector #PMI signals further contraction. PMI rose from 48.8 in Sep to 49.5 in Oct, but declines have now been recorded in four of the past five months 1/ The Oct PMI indicates GDP q/q rate of fall of -0.1%, similar that signalled by in Q3. Official data are likely to have indicated more robust growth in Q3, the PMI warns that some of this strength reflects a pay-back from a steeper decline than signalled by the surveys in Q2 2/