US manufacturing activity slowed further in August as the economy continues to grapple with the shocks of a rally in inflation and aggressive rate hikes by the Federal Reserve. In particular, the manufacturing PMI fell to 51.5 points in August, slightly better than the initial reading of 51.3 points, but lower than the reading of […]
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S&P Global: Plunge in manufacturing output in Greece in August
S&P Global records the sharpest output decline since December 2020 for the Greek manufacturing sector as inflation weighs on customer demand. A moderate deterioration in operating conditions across the Greek manufacturing sector was observed in August, according to the latest PMI® survey data from S&P Global. The overall decline came from the sharp reduction in […]
France: Manufacturing sentiment worsened in August
Sentiment in the French manufacturing sector eased in August amid rising energy prices and slowing demand. French manufacturing sentiment stood at 104 on a monthly basis, down from 106 in July, according to national statistics agency Insee. Economists expected the index to reach 105 points. The decline in the key index was attributed to worsening […]
A rally in the economy with manufacturing, trade and tourism as a vehicle
By Giorgos Lampiris The contribution of sectors such as manufacturing, wholesale and retail trade and tourism in shaping the turnover of businesses in Greece is strong, as can be seen from the data of the Hellenic Statistical Authority. According to ELSTAT, in the second quarter of 2022 the turnover for all businesses and economic activities […]
Eurobank: Signs of slowdown in economic activity from high-frequency indicators
Operating conditions in the manufacturing sector in Greece worsened in July, worsening for the first time since February 2021, while economic sentiment also fell to a 15-month low, according to S&P Global’s manufacturing PMI and IOBE’s economic sentiment index, as notes Eurobank in its weekly economic analysis. According to the bank, these performances, similar to […]
US: Manufacturing PMI at a two-year low in July
US manufacturing activity slowed further in July, two separate reports out today confirmed that the inflation rally and ongoing disruptions in global supply chains continue to weigh on the sector. In particular, the Institute for Supply Management (ISM) announced today that its index of the path of manufacturing activity at the national level fell to […]
Britain: The manufacturing index fell in July
British manufacturing output and new orders fell in July at the fastest pace since May 2020 as factories across Europe struggled with rising costs and slowing demand. S&P Global’s manufacturing PMI fell last month to 52.1 from 52.8, and was revised down from initial estimates of 52.2. The decline would have been larger had it […]
Eurozone: Manufacturing activity shrank in July
Manufacturing activity in the euro zone shrank in July, with factories forced to stockpile unsold goods due to weak demand, fueling concerns that the euro zone could slip into recession. S&P’s manufacturing PMI fell to 49.8 in July from 52.1 in June, marginally higher than initial estimates of 49.6, but for the first time below […]
S&P Global: Deterioration of manufacturing in Greece for the first time since February 2021
Greek manufacturers in July recorded the first sector-wide deterioration in operating conditions since February 2021, according to the latest PMI® survey data from S&P Global. The decline was the result of a faster rate of decline in production and new orders, as demand from customers came under greater pressure due to price increases. Weak demand […]
China: Manufacturing growth slows in July
Chinese factory output grew at a slower pace in July, according to a private survey, as the country’s strict coronavirus restrictions eased, or were confined to less economically important areas in the country, lessening the economic impact. Caixin’s manufacturing PMI fell to 50.4 points in July from 51.7 points in June, according to data from […]