Manufacturing activity in the eurozone accelerated last month as bottlenecks in the supply chain narrowed. Improvement, however, was not evenly distributed in member countries and factories continued to face high inflationary pressures. The IHS Markit manufacturing index rose to a five-month high of 58.7 points in January from 58 points in December, compared with initial […]
Tag: processing
At a six-month low, the manufacturing PMI in January
The January PMI® survey data indicated a significant improvement in operating conditions throughout the Greek manufacturing sector. Nevertheless, the overall growth rate weakened to the mildest recorded in six months due to slower production increases and new orders recorded since last April. Despite the weaker increase in production, manufacturers increased the number of employees at […]
Eurobank: Retail sales positive, processing messages encouraging
Eurobank Research discusses the positive effects of retail sales and encouraging messages from the manufacturing sector in its latest “7 Days Economy” bulletin, although it warns of the dangers of an outbreak of the pandemic and the energy crisis. As it notes, according to the seasonally adjusted data of ELSTAT, the volume index of retail […]
USA: Manufacturing activity at a 11-month low in December
Manufacturing activity in the United States slowed in December, while corporate wages fell sharply after jumping in recent months in a sign that inflationary pressures may be easing. In particular, the index for manufacturing activity at the national level fell to 58.7 points last month from 61.1 in November, according to data released today by […]
Turkey: Manufacturing boosted in December, record import cost increase
Turkish factory activity boosted in December as companies recruited more workers, despite a slowdown in production and new orders amid sharp fluctuations in the Turkish lira over the past month. In particular, manufacturing PMI rose to 52.1 points in December from 52.0 the previous month, according to data from the Istanbul Chamber of Industry and […]
US: Manufacturing expansion at a low year, according to the IHS Markit PMI
LAST UPDATE: 17.01 Manufacturing growth in the US slowed to a one-year low in December, according to an IHS Markit survey, but data showed that labor supply shortages and supply chain problems were beginning to subside. According to IHS Markit, the manufacturing PMI fell to 57.8 in mid-December from 58.3 in November. This is the […]
Philadelphia Fed: ‘Immersion’ of manufacturing index in December
Manufacturing activity in Philadelphia fell more than expected in December, according to data released today by the Federal Reserve of Philadelphia. In particular, the Fed Philadelphia manufacturing activity index fell to 15.4 points in December from 39 points in the previous month. Although any indication above zero indicates an improvement in conditions, a significant drop […]
USA: Empire State manufacturing index exceeded estimates
Manufacturing activity in New York remained strong in December, disproving analysts’ estimates that it was expected to slow significantly. In particular, the Empire State Manufacturing Index strengthened to 31.9 points in December from 30.9 points last month, the New York Fed announced today. Analysts’ average estimates in a Wall Street Journal poll put the index […]
Britain: High cost pressures on manufacturing
More British manufacturing entrepreneurs than ever in the last 30 years reported cost increases last month, according to an IHS Markit survey, highlighting pressure on the Bank of England to raise interest rates. The IHS Markit manufacturing index rose to 58.1 points in November from 57.8 points in October. Although revised lower than preliminary estimates […]
Eurozone: New improvement in manufacturing PMI, but inflationary pressures remain
The growth of manufacturing in the eurozone accelerated slightly last month, but problems in the logistics sector worsened, paving the way for production and driving higher raw material costs at the fastest pace in two decades. The problems caused by the pandemic, along with the lack of truck drivers, has led to a shortage of […]
