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Pmi Surveys

All articles tagged with #pmi surveys

manufacturing-and-economy1 year ago•2 min saved

"Contrasting Trends: China's Factory Activity Diverges from Global Manufacturing Slump"

Private surveys indicate that most developing economies in Asia, including South Korea, Vietnam, and Indonesia, have shown signs of improvement in their manufacturing sectors, with PMI readings edging over 50 for the first time in months. The International Monetary Fund has upgraded its growth forecast for emerging economies in Asia, citing greater-than-expected resilience in the U.S. and several large developing economies, as well as fiscal support in China. While there are positive indicators, there remains a divergence between official and private PMI surveys in China, pointing to an uneven economic landscape.

via CNBC|

#asia #developing-economies #economic-growth

economy2 years ago•2 min saved

Eurozone PMI Surveys Reveal Deepening Recession and Weak Economic Activity

The euro zone is likely in recession as the downturn in business activity deepened in December, according to PMI surveys. Both Germany and France experienced a decline in activity across services and manufacturing. This would mark two consecutive quarters of economic contraction, meeting the technical definition of a recession. The European Central Bank has trimmed its growth forecasts for 2023 and 2024. Meanwhile, Britain's services sector saw a pick-up in growth, suggesting it may avoid a recession for now. Firms in the euro zone reduced staffing and demand for services fell as consumers faced high borrowing costs.

via Reuters|

#economic-contraction #economy #euro-zone