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As economic challenges deepen across Europe, the Flash PMI reveals a decline in German business activity, marking a complex start to the year. With the headline index dropping to 44.2, the contraction is evident, and in France, the Flash PMI hints at a potential Q1 contraction at its lowest in four months. Adding to the economic complexities, the UK faces a critical situation, with more than 47,000 businesses on the brink of collapse. A staggering 25% surge in businesses experiencing “critical” financial distress in the final quarter of 2023, as reported by insolvency specialists Begbies Traynor, underscores the severity of...

Sweet Home Chicago! After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest streak of prints in ‘contraction’ since the Great Financial Crisis. Under the hood, none of the underlying drivers were higher MoM… Prices paid rose at a slower pace; signaling expansion New orders fell at a faster pace; signaling contraction Employment fell and the direction reversed; signaling contraction Inventories fell at a faster pace; signaling contraction Supplier deliveries rose at a slower pace;...

In case you hadn’t noticed, President Joe Biden has been making a number of appearances lately at manufacturing plants. These trips included a microchip plant in North Carolina and a “green energy” plant in Minnesota. He’s been attempting to show voters how his policies are driving an economic comeback in the manufacturing sector, particularly for projects to save the climate or whatever. But as usual, the real story of American manufacturing is quite different than the one that the White House is trying to sell. As was reported in the Free Beacon on Monday, analysts are keeping a close eye...

New Orders and Employment Contracting Production and Backlogs Growing Supplier Deliveries Slowing at a Slower Rate Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at a Slower Rate; Exports and Imports Growing Record-Long Lead Times for Production Materials and MRO Supplies Tempe, Arizona) — Economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business...

The numbers: The U.S. services PMI fell to a 26-month low of 47 in July from 51.6 in the prior month, based on a “flash” survey from S&P Global Market Intelligence. Readings below 50 signifies contraction. The manufacturing flash PMI slid to 52.3 from 52.7 in June. This was the weakest level in two years. Key details: The services sector continued its downward trajectory since hitting a high in March. Inflation continued to weigh on new sales. In the manufacturing sector, new orders fell and production levels were unchanged. The flash PMI composite output index fell to 47.5 in July....

One week ago, ahead of today’s Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that “to those who have been following our series of high-frequency, daily indicators of China’s economy, it will probably not come as a surprise that the world’s second biggest economy has ground to a halt, its GDP set to post the first negative print in modern history. To everyone else who is just now catching up, we have some news: it’s going to be bad.” Specifically, we said that ahead of official Chinese economic data which...

The Chicago Purchasing Managers Index came in at 47.6 for February, badly missing economists' estimates. A reading below 50.0 indicates contraction in the sector.

Manufacturing activity in the U.S. contracted at the fastest pace since July 2009 in December, dampening optimism over the strength of the economy and adding to uncertainty as to how fast the Federal Reserve will raise interest rates next year, industry data showed on Monday. In a report, the Institute for Supply Management said its index of purchasing managers fell to 48.2 last month from a reading of 48.6 in November. Analysts had expected the manufacturing PMI to inch up to 49.0 in December. The New Orders Index registered 49.2, an increase of 0.3 points from the reading of 48.9...

Manufacturing activity in the Midwest is back in contraction. The Chicago purchasing manager's index (PMI) for September was reported at 48.7 by the Institute for Supply Management (ISM). This was the fifth time this year that the index fell below 50, the border between expansion and contraction. Economists had estimated a print of 53.0, down from 54.4 in August. According to the report, production fell to the lowest level since July 2009, following "downgrades to global economic growth and intense volatility in financial markets." Overall US manufacturing growth has slowed this year. Other major regional surveys, including those from the...

The U.S. manufacturing sector is once again under pressure as it continues to hover just above contraction level, according to the latest flash Purchasing Managers Index data. Friday, private research firm Markit said its August PMI estimate fell to a level of 52.9, compared to July’s final reading of 53.8. According to consensus reports, economists were expecting to see a reading at 53.9. According to the report, this is the lowest manufacturing reading since October 2013. ““With the headline PMI swiftly losing ground after a modest rebound during July, the latest figure now points to the weakest overall pace of...

Tyler DurdenSeptember 1, 2014If last week's disappointing global economic data, that saw Brazil added to the list of countries returning to outright recession as Europe Hamletically debates whether to be or not to be in a triple-dip, was enough to push the S&P solidly above 2000, even if on a few hundreds ES contracts (traded almost exclusively between central banks), then the overnight massacre of global manufacturing PMIs - when not one but both Chinese PMIs missed spurring calls for "more easing" and pushing the SHCOMP up 0.83% to 2,235.5 - should see the S&P cross Goldman's revised year end...

U.S. stock-index futures turned positive on Monday despite a round of disappointing data on China on the heels of a volatile trading week. Today's Markets As of 8:07 a.m. ET, Dow Jones Industrial Average futures climbed 24 points, or 0.24%, to 16245, S&P 500 futures advanced 3.5 points, or 0.2%, to 1861 and Nasdaq 100 futures rose 9.5 points, or 0.26%, to 3649. The markets capped a turbulent trading week to the upside last week, with the broad S&P 500 advancing 1.4%. The pace was expected to slow on Monday, with few major U.S. economic events on the calendar. Traders...

WASHINGTON (MarketWatch) -- Chicago PMI slumped to a three-and-a-half year low of 49.0 in April, down from 52.4 in March and at a reading indicating contraction. Economists polled by MarketWatch had expected a 52.5 reading. Order backlogs were particularly weak, falling to 40.6 from 45.0.

Employment Collapsed In Today's Chicago PMI Report, But It's A Mistake To Freak Out About It Sam RoDecember 28, 2012 Earlier this morning, we learned that the Chicago PMI climbed to 51.6 in December. This was slightly ahead of economists expectations. The gain was largely driven by a jump in the new orders sub-index. However, the employment index collapsed to a three-year low. Should we be worried? TD Securities' Eric Green thinks we should take a deep breath and think about what happened. "That may look worse than it really is, however," he writes. "The drop in employment reflects the...

Blow for Beijing as manufacturing remains weak Date October 2, 2012 CHINA'S manufacturing activity has continued to show signs of weakness in September, indicating Beijing's lacklustre effort to boost the economy has so far failed to arrest the slowdown. Though the official Purchasing Manager's Index rebounded slightly in September to 49.8 after a 49.2 reading in August, it still hovered below the expansion threshold of 50, increasing market speculation that the Chinese economy may grow less than 7.5 per cent this year - the official government target. August had marked the lowest reading since November 2011, as the world's second-biggest...

China's Export Orders Fall At Fastest Rate In 42 Months Sam RoSep. 28, 2012, 10:30 PMThe final September reading of China's HSBC Manufacturing PMI climbed to 47.9 from 47.6 last month. This compares to the September HSBC Flash PMI, which came in at 47.8. Many expect the final number to be in line with the Flash number. Any reading below 50 signals contraction in the industry. Here are the key points from Markit: * New export orders fall at fastest rate in 42 months * Output and input prices continue to fall * Purchasing activity declines amid weak demand and...

The Institute for Supply Management’s (ISM) factory index (PMI) fell to 49.7 in June from 53.5 a month earlier. This is the the lowest point since July 2009. The ISM manufacturing index is a measure of the health of the U.S. economy and reads above 50 are desirable. Historically, the economy begins to choke when PMI falls below 50. The Eurozone reported declining PMI this morning and here is a comparison of US PMI and Eurozone PMI. Notice a similar pattern (but with Eurozone degrading faster)? The reaction of the US and French governments to this declining economic conditions? RAISE...

Here Comes A Critical 12 Hours For The Global Economy Joe Weisenthal Jul. 1, 2012, 9:17 AM HEADS UP: Global PMI day is going to begin tonight. PMI day is the day (always at the beginning of the month) when PMI manufacturing reports come out for all the world's big economies, from China to Europe to Brazil. And we cover each reading as they come out so get an instant look at the economic health of the globe. The reports start tonight with the Netherlands and South Korea at 8 PM ET, and then the biggie, China, at 9 PM....

How The World Economy Changed In One Month Eric Platt May 2, 2012Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable readings: U.S.: 54.8 in April, up from 53.4 Canada: 53.3 in April, up from 52.4 U.K.: 50.5 in April, down from a revised reading of 51.9 Eurozone: 45.9 in April, down from 47.7 Spain:...

China's Manufacturing Index Signals Contraction, But Markets Miraculously Maintain Gains Sam Ro Jan. 19, 2012, 11:18 PM China's HSBC Flash Purchasing Manager's Index climbed to 48.8 in January, up from 48.7 in December. This is a preliminary reading on Chinese manufacturing activity, ahead of the official PMI number. A reading below 50 signals contraction. Signs that China might be slowing have been met with mixed emotions from traders. On one hand, weak data may encourage easier monetary policy, which in a sense is bullish. Then again, bad data is still bad data. Tonight, markets are showing a mixed response to...