LONDON—Eurozone business growth remained resilient but slowed slightly more than thought this month as the bloc’s dominant services industry lost a little of its shine and the downturn in the manufacturing sector deepened, a survey showed on Tuesday. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P Global and seen as…
Eurozone Business Growth Solid in May but Shows Signs of Easing: Flash PMI
Eurozone Recovery Gathers Pace on Services Boost in April: PMI
The eurozone economic recovery has unexpectedly gathered pace this month as the bloc’s dominant services industry saw already-buoyant demand rise, more than offsetting a deepening downturn in manufacturing, surveys showed. The strong services performance could mean that wage pressures continue in the region, complicating the European Central Bank’s efforts to tame inflation, some economists noted….
Inflation Accelerates as US Service Activity Expands for First Time in Eight Months: S&P Global
The U.S. services sector returned to growth for the first time in eight months, but selling price inflation accelerated, placing “Team Transitory back on the defensive.” In February, the S&P Global Services Purchasing Managers’ Index (PMI) climbed to 50.6, up from 46.8 in January; anything above 50 indicates expansion. This represented the first positive PMI…
Inflation Accelerates as US Service Activity Expands for 1st Time in 8 Months: S&P Global
The U.S. services sector returned to growth for the first time in eight months, but selling price inflation accelerated, placing “Team Transitory back on the defensive.” In February, the S&P Global Services Purchasing Managers’ Index (PMI) climbed to 50.6, up from 46.8 in January; anything above 50 indicates expansion. This represented the first positive PMI…
Eurozone Recovery Gathers Pace, Allays Fears of Recession: PMI
LONDON—The recovery in eurozone business activity gathered pace last month as growth accelerated in the bloc’s dominant services industry, a survey showed, providing the latest piece of evidence suggesting the currency union will avoid a recession. S&P Global’s Composite Purchasing Managers’ Index (PMI), seen as a good barometer of overall economic health, climbed to an…
Eurozone Factory Output Returned to Growth in February: PMI
LONDON—Overall activity in the eurozone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey showed on Wednesday. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) dipped to 48.5 in February from January’s 48.8, in line with a preliminary reading but still…
Eurozone Business Growth at 9-month High as Services Supports: Flash PMI
LONDON—Surprisingly strong services growth meant the recovery in eurozone business activity gathered steam this month, expanding much faster than thought, according to a survey on Tuesday, the latest evidence the currency union could escape a recession. A sister survey showed businesses in Britain reporting an unexpected bounce in activity as well as receding price pressures,…
Japan’s Factory Activity Shrinks at Fastest Pace in 2–1/2 Years: PMI
February 21, 2023
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TOKYO—Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to a seasonally adjusted…
Eurozone Factories Are Likely Over the Worst: PMI
LONDON—The downturn in eurozone manufacturing activity eased again last month suggesting the worst may be over, according to a survey that showed price pressures slackened and the fall in demand moderated, driving a surge in optimism. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) climbed to a five-month high of 48.8 in January from December’s…
Japan’s Factory Activity Extends Declines for 3rd Straight Month: PMI
TOKYO—Japan’s manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in the previous month. The…
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