Monday , 26 June 2017


Worldwide Decline in July Manufacturing Indices Say…a Recession is Now Here! Take a Look

 

One of the best leading indicators to shed light on the health of the economy is the Purchasing Managers Index (PMI). The latest local readings of the manufacturing PMI for countries around the world, as provided below, collectively give investors a critical insight into the pace of economic growth. Words: 944

These data are brought to you by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.

PMIs are based on monthly surveys of carefully selected companies. These provide an advance indication of what is really happening in the private sector economy by tracking variables such as output, new orders, stock levels, employment and prices across the manufacturing, construction, retail and service sectors.

The PMI surveys are based on fact, not opinion, and are among the first indicators of economic conditions published each month. The data are collected using identical methods in all countries so that international comparisons may be made. See here for more detailed information.

While a more complete list is available here, I have reduced the list to those I think would be of most interest to the 80% of the visitors to this site based on their country of origin plus some other markets based on their size and recent/ongoing events.

The BRIC nations:

  • Brazil: HSBC Brazil Manufacturing PMI — 48.7, up from 48.5 in June;
  • Russia: HSBC Russia Manufacturing PMI —  52.0, up from 51.0 in June
  • India: HSBC India Manufacturing PMI — 52.9, down from 55.0 in June
  • China: HSBC China Manufacturing PMI — 49.3, up from 48.2 in June;
  • China: Official PMI — 50.1, down from 50.2 in June

The PIGS:

  • Portugal: Data unavailable
  • Ireland: NCB Republic of Ireland Manufacturing PMI — 53.9, up from 53.1 in June
  • Greece: Markit Greece Manufacturing PMI — 41.9, up from 40.1 in June
  • Spain: Markit Spain Manufacturing PMI — 42.3, up from 41.1 in June

The Group of 7

  • USA: Markit US Manufacturing PMI —  51.4, down from 52.5 in June
  • Canada: RBC Canadian Manufacturing PMI —  53.1, down from 54.9 in June
  • Germany:  Markit / BME Germany Manufacturing PMI — 43.0, down from 45.0 in June
  • United Kingdom: Markit / CIPS UK Construction PMI —  45.4, down from 48.6 in June
  • France: Markit France Manufacturing PMI — 43.4, down from 45.2 in June
  • Italy: Markit / ADACI Italy Manufacturing PMI — 44.3, down from 44.6 in June
  • Japan: Markit/JMMA Japan Manufacturing PMI — 47.9, down from 49.9 in June

Other Areas/Countries of Interest:

  • Eurozone: Markit Eurozone PMI — 44.0, down from 45.1 in June
  • Global: JPMorgan Global Manufacturing PMI — 48.4, down from 48.9 in June
  • Australia: AiG and PwC PMI — 40.3, down from 47.2 in June
  • Singapore: Singapore Institute of Purchasing & Materials Management — 49.8, down from 50.4 in June
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