Showing posts with label Markit. Show all posts
Showing posts with label Markit. Show all posts

Tuesday, April 7, 2015

7/4/15: BRIC PMIs via Markit


, it is commonly said, is the highest form of ... 

And so Markit now releases a 'summary' of BRIC PMIs... not quite in a full release, but...


Useful... and you can read more in-depth analysis of BRIC Services PMIs here: http://trueeconomics.blogspot.ie/2015/04/6415-bric-services-pmis-overall.html and on Manufacturing PMIs here: http://trueeconomics.blogspot.ie/2015/04/2415-bric-manufacturing-pmi-march-marks.html

Ah, the perils of doing analysis in the age when the big boys follow... As always, thanks to Markit for publishing at least few remaining headline numbers of PMIs.

Monday, March 2, 2015

2/3/15: Russian Manufacturing PMI: February 2015


Russian Manufacturing PMI (based on HSBC/Markit data) improved from 47.6 in January (sharp contraction that is marked by a statistically significant sub-50 reading) to 49.7 in February (also contractionary, but at a much weaker rate and statistically not significantly different fro 50.0).



According to Markit release, "Russian manufacturing business conditions deteriorated only fractionally in February, as stronger domestic demand drove an increase in new work and production rose slightly. The latest HSBC PMI® data compiled by Markit also signalled weaker – but still severe – inflationary pressures during the month, reflecting the ruble’s recovery from record lows. That said, overall growth of new orders was weak as new export business continued to decline sharply, and employment extended a survey-record sequence of decline to 20 months."

This marks third consecutive month of sub-50 readings, with 3mo average through February 2015 standing at 48.7, weaker than 50.8 3mo average through November 2014, but somewhat better than 3mo average of 48.4 recorded for the 3 months through February 2013. So year on year rate of decline in Manufacturing activity slowed down, but conditions remain weak and are still close to weakening.

Monday, July 15, 2013

15/7/2013: 12 Months Ahead, Things are Getting Darker...

Two charts on business expectations for 12 months forward, via Markit (full release here: http://www.markit.com/assets/en/docs/commentary/markit-economics/2013/jul/GLOBAL_Outlook_ENG_1307_PR.pdf)

First, global (lower levels represent lower percentage of businesses expecting growth in the next 12 months net of the percentage expecting contraction):


and now, regional
 Ouch!.. For euro area, things are clearly bad enough and they get worse when we compare June 2013 results to February 2013. For Japan, same and even sharper. US is in the pain zone too. UK throws strange outlier.

Would have been good to see actual percentages listed on the bars... but...