News Tag: purchasing managers’ index
March 1, 2010
Surveys by the Chinese Government and HSBC have today revealed China's manufacturing activity continued to grow in February, albeit at a slower pace.
The HSBC China Manufacturing purchasing managers' index (PMI) dipped to 55.8 in February from 57.4 the previous month.
However, a reading above the crucial 50 mark means the sector is expanding.
In the meantime, manufacturing output grew for the 11th ...
China manufacturing continues to grow in February
by Kay Murchie
December 2, 2009
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index revealed a marginal rise in UK construction activity to 47.0 in November, from 46.2 in October.
Any figure below the 50 mark represents a contraction but November’s reading represents the highest since August as the rate of decline slows and new order volumes saw an increase for the first time ...
UK construction sector contracts for 21st consecutive month
by Kay Murchie
November 4, 2009
The Chartered Institute of Purchasing & Supply's Purchasing Managers' Index has posted a reading of 56.9 on services activity in October, up from 55.3 in September.
The reading of 56.9 was the highest since August 2007 and beat analysts expectations of 55.5.
Furthermore, October’s reading represented the sixth consecutive month the sector has shown an increase above the crucial 50 mark ...
Growth in UK services sector boosts economy hopes
by Kay Murchie
November 3, 2009
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index fell to 46.2 in October, from 46.7 in September, marking the 20th consecutive month of falls due to a slump in demand for commercial and civil engineering work.
Meanwhile, job cuts in the sector also increased at the fastest rate in four months, while input costs were rising, according to the ...
Construction sector contracts for 20th consecutive month
by Kay Murchie
November 2, 2009
The Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers index of manufacturing activity grew to 53.7 in October, up from the revised reading of 49.9 the previous month.
The reading beat forecasts of a rise to 50.0 and represented the fastest pace of growth in two years.
Furthermore, new orders rose at their fastest in almost six years with the index surging by ...
UK manufacturing activity beats expectations
by Kay Murchie
November 1, 2009
China's economy continues to show impressive strength after figures show that the manufacturing sector expanded in October at its fastest rate in 18 months.
The purchasing managers index (PMI) from the state-sanctioned China Federation of Logistics and Purchasing rose to a seasonally adjusted 55.2 in October, up from 54.3 the previous month,
Any figure above 50 in the survey indicates ...
Chinese manufacturing grows at fastest rate in 18 months
by Kay Murchie
September 30, 2009
Today the world’s largest economy received a boost after the Commerce Department revealed that the US economy shrank at a far slower rate in the second quarter than previous estimates showed.
According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the 1% previously reported and far better than ...
US markets fall on weak data, FTSE has best quarter
by Kay Murchie
September 3, 2009
A slight dip in retail sales has been reported in the euro zone for July said Eurostat, but a rise has been reported in economic activity, according to the latest Purchasing Managers' Index (PMI).
According to Eurostat, retail sales in July fell 0.2% compared with June, dragged down by lower sales of food and drinks. Meanwhile, retail sales fell 1.8% on ...
Euro zone sees slide in retail sales
by Kay Murchie
September 1, 2009
The Chinese economy received a boost today after the official purchasing managers' index (PMI) rose to a 16-month high of 54 points in August, up from 53.3 the previous month.
August represented the sixth consecutive month that the official PMI figure was above the crucial 50 level - which represents growth and suggests that the economy is back on ...
China PMI rises to 16-month high in August
by Kay Murchie
July 1, 2009
There are hopes that the UK’s beleaguered manufacturing industry is recovering after the Purchasing Managers' Index from the Chartered Institute of Purchasing and Supply (CIPS) said output in the industry rose for the first time since March 2008 in June.
The index showed a reading of 52.1 - anything above 50 is positive and indicates growing production.
While today’s figures ...
UK manufacturing production in first rise since March 2008
by Kay Murchie
February 2, 2009
The latest Purchasing Managers' Index (PMI) has revealed that activity in the UK manufacturing sector slowed during January but was a marginal improvement on December.
The Chartered Institute of Purchasing and Supply (CIPS) and Markit, who collate the information, said the figure improved slightly to 35.8 from December's figure of 34.9 and November’s record low of 34.5.
However, January’s figure is still the ...
UK manufacturing sector continues to contract
by Kay Murchie
December 3, 2008
The UK services sector, which is the backbone of the economy, is declining at a record rate as the closely monitored Purchasing Managers' Index (PMI) fell to 40.1 in November from 42.4 in October, the lowest level and fastest decline since the survey started in 1996.
The index monitors everything from output to orders and jobs and ...
UK services sector hits new low, calls for aggressive rate cut
by Kay Murchie
December 1, 2008
Latest figures show that British manufacturing shrank at a record pace in November.
The Purchasing Managers' Index fell to 34.4 in November, compared to 40.7 in October, the lowest level and the biggest fall experienced since the index began in 1992.
Rob Dobson, senior economist at Markit which collects the data together with the CIPS, said the scale of the downturn in ...
British and US manufacturing in record falls
by Kay Murchie
October 1, 2008
According to the Chartered Institute of Purchasing and Supply's (CIPS) purchasing managers' index, the UK’s manufacturing sector is now shrinking at the fastest rate since records began in January 1992.
Last month the index fell to 41, the lowest reading ever and any reading under 50 indicates a contraction.
The survey will no doubt increase fears that the UK is entering ...
UK manufacturing shrinks at fastest rate since 1992
by Kay Murchie
