Central Europe’s leading economies have strapped on afterburners, with new manufacturing PMI data released Monday showing a strong recovery in Poland, the Czech Republic and Hungary.
In Poland, the region’s largest economy, the improvement in business conditions was the strongest in three years. The headline PMI number, in which anything above 50 marks an economic expansion, came in at 55.4 for January, up from 53.2 in December. Continue reading »
Source: HSBC / Markit
The monthly temperature-taking of Asian manufacturing, aka the purchasing managers index, is out for some of Asia’s bigger economies – and at first glance, things look good.
China may have seen its HSBC/Markit (in contrast to the official government) index fall below the 50 mark that separates contraction from expansion, but India, Indonesia and South Korea all look in good shape.
Or do they? Continue reading »
China’s early manufacturing sentiment reading – the Flash purchasing managers index – came in at 49.6 on Thursday for January. That sounds bad – it’s the first sub-50 reading since July 2013, and is weighing on market sentiment quite heavily.
But how bad is it really? There are arguments for optimists and pessimists alike. Continue reading »
How are China’s manufacturers feeling? Ending the year on a bit of a downer it seems, if HSBC’s Flash PMI is anything to go by.
The reading came in at 50.4, just above the 50-mark that separates contraction and expansion, and pointing to a three-month low. Clear evidence of a cooling in the manufacturing sector? Certainly, if the early reading is a reliable gauge. However, the flash reading is proving to be quite a volatile guide to the final PMI figure. Continue reading »
PMI scores | Source: HSBC / Markit
Asian manufacturers are more positive than any point since April, according to the latest Markit / HSBC PMI surveys.
The purchasing managers index for October for six Asian economies (China, India, Indonesia, South Korea, Taiwan and Vietnam) showed that five scored over the 50 mark that separates expansion from contraction, and with none showing a decline in sentiment. It’s a big improvement on just two months ago when only China was showing any postive signs. Continue reading »
Central European economies are continuing to show signs to recovery, with the newest purchasing manager index reports released Tuesday surprising on the upside despite slightly worse numbers from Germany – the region’s largest export market.
In Poland, the largest CEE economy, PMIs jumped to 53.1 where anything above 50 marks an economic expansion. That is the highest level in two and a half years and was due largely to improvements in the employment picture. Continue reading »
There has been a bit of a turnaround in sentiment in Asian manufacturing from August to September. The purchasing managers index (PMI) readings for six major Asian economies paint a more optimistic picture – just.
The Asia PMI scorecard shows that August’s red is turning blue – with three indices moving above the 50-mark that separates expansion from contraction.
Source: HSBC, Markit
Continue reading »
The Markit / HSBC purchasing managers index is a closely-watched number, and for good reason. The PMIs give a good reading of momentum in industry, which is often borne out by the subsequent industrial production figures.
The flash version – an early reading that comes out a week or so before the main index – is keenly watched too, and is usually close to the final figure. But look what happened to China this month. The September flash PMI was 51.2. The actual PMI? 50.2. That’s quite a difference. What’s going on? Continue reading »
Last week’s “flash” estimate for China’s manufacturing sector turned out to be deeply wrong.
The HSBC/Markit survey of the sector came in well below forecasts this morning at 50.2, a full point below the estimate posted last week. Continue reading »
China’s flash PMI index from HSBC – an early indicator of the final data – has hit its highest level for six months, reading 51.2, up from 50.1 in August (50 is the mark that separates contraction from expansion).
As data readings go, it bodes pretty well. Continue reading »
It has been a while since South African manufacturers have had much to cheer about as they have endured rising costs, increasing competition and the economic crisis in Europe, their main market. But as the rand has been trading at four-year lows against the dollar for much of the year, it seems they may finally be getting a lift. Continue reading »
Central Europe’s economies are showing strong signs of life, if the crop of manufacturing PMI data released on Monday is anything to go by. The region – which has become the EU’s low-cost workshop – is being lifted by the broader eurozone revival.
For Poland, the Purchasing Managers Index showed manufacturing quickening its pace in August, the second positive month following a 14-month slump. Polish PMI beat expectations, rising to 52.6 from July’s 51.1, where anything above 50 indicates an expansion. Continue reading »
After the recent emerging markets rout, any good news, however slight, is welcome. A quick look at the Asia PMI scorecard shows just one bright spot among several less encouraging numbers, but it’s the one that counts: China.
Source: HSBC / Markit
Continue reading »
How gloomy should we be feeling about emerging markets? According to HSBC’s Emerging Markets Index, very. The index – a weighted composite of purchasing managers’ indices from 16 countries – has dipped into negative territory for the first time since the crisis of 2008-09.
Worse, the deterioration was increasingly broad-based across the emerging world. But there were some bright spots amid the gloom – reminding us to be careful when thinking about the emerging markets as if they were one homogeneous group. Continue reading »
Tough times in Egypt: on top of all the political turmoil, the latest manufacturing index has fallen off a cliff to its second-lowest since the numbers began.
The Markit/HSBC purchasing managers’ index came in at a lowly 41.7 in July, down from 47.5 in June (50 marks the border between expansion and contraction) The longer the political uncertainly goes on, the harder it will be for Egypt to recover. Continue reading »