Tag: manufacturing PMI

US Manufacturing Sees ‘Steepest Downturn’ Since 2008–09 Financial Crisis: S&P Global PMI

September 2, 2022
American manufacturingBusiness & MarketsChina tariffseconomyInvestmentmanufacturing PMIS&P Global Market IntelligenceUSUS News
0 Comment

U.S. manufacturing declined last month amid a loss of new orders, signaling troubling times for the sector, according to latest data from S&P Global. The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers Index (PMI) fell to 51.5 in August from 52.2 in July. This is the lowest level since July 2020, stated a news release on…

Read More

Factory Slowdown Strengthens Concerns About Global Recession

July 1, 2022
Business & Marketschina's factory activityeconomic recessioneconomyfactory growth slowsmanufacturing PMIrecessionUS
0 Comment

A slowdown in factory growth across the United States, Europe, and Asia is strengthening fears of a global recession. “June PMI survey data showed the eurozone manufacturing economy ending the second quarter on a low as production levels fell for the first time in two years,” S&P Global said in a July 1 press release…

Read More

US Industry Growth and Inflation Highlighted in McKinsey Global Trends and Risks Report

June 8, 2022
Business & Marketsconsumer priceeconomyhigh inflationinflationInternationalmanufacturing PMIpurchasing managersUSWorld
0 Comment

McKinsey has released its “Global Economics Intelligence Critical Trends and Risks” May 2022 report. The global management consulting firm’s report highlights the expansion of American industry, commodity price increases, and central banks’ move against inflation. The U.S. manufacturing purchasing managers’ index (PMI) improved to 59.2 in April, up from 58.8 in March, according to the…

Read More