Posts Tagged ‘PMI’

Euro survival threatened by the economic downturn

The second release of the PMI survey for August confirmed the sharp deterioration in economic sentiment. In particular, manufacturing sentiment led the movement with a fall into contraction territory in August (49.0). PMI services resisted, edging only slightly lower from 51.6 to 51.5. Nevertheless, the overall index fell to 50.7 from 51.2 in July. While […]

China: May Manufacturing PMI

The May manufacturing PMI in China declined to 52.0 from 52.9 in April and 53.4 in March, above market expectations (51.6). This decline underlines once more that the tightening process that began in early 2010 and accelerated during the autumn is having more effect on the real economy. The new orders component of the manufacturing […]

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