The final HSBC/Markit Purchasing Managers’ Index (PMI) for January came in at 49.7 on a seasonally adjusted basis, just below the 50.0 level that separates growth from contraction. The number was slightly lower than a preliminary “flash” reading of 49.8
The ISM’s manufacturing purchasing managers index increased to 59.0 last month from 56.6 in September. The top-line index is back to its August reading, which was the highest since March 2011. In October, 16 of 18 reporting industries reported growth.
The flash reading for China compiled by HSBC and Markit fell to a six month low of 49.6 in January versus 50.5 in December, fueling worries about demand in the world’s top metals consumer. Consequently, copper fell to its lowest
The purchasing managers’ index (PMI) figure, published by the National Bureau of Statistics, rose to 51 in August from 50.3 in July. That was its highest level since April last year and exceeded market expectations for a 50.6 reading. The
After grinding through recession for six consecutive quarters since the economy started to contract in late 2011, Markit Flash Eurozone PMI surprised economists with a jump to 50.4 in July, signaling a return to growth in output by breaking back above