After three consecutive months of improving conditions, the Performance of Manufacturing Index (PMI) fell from 47.0 to 45.8 in October. Despite lower interest rates, the manufacturing sector continues to face significant headwinds. Recent business surveys have shown a sharp contrast between improved expectations for activity and weak current conditions. The BNZ – BusinessNZ PMI is a monthly survey of the manufacturing sector providing an early indicator of activity levels. A PMI reading above 50 points indicates manufacturing activity is expanding; below 50 indicates it is contracting. Read the breakdown with BusinessNZ's Catherine Beard and Bank of New Zealand's Doug Steel below. Katherine Rich Phil Love Catherine Beard Joshua Tan #ManufacturingNZ
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The UK's manufacturing industry is showing signs of recovery, with both output and new orders increasing in March. The S&P Global/CIPS UK survey revealed that the manufacturing Purchasing Managers Index (PMI) rose to 50.3, indicating growth for the first time since July 2022. Business optimism reached an 11-month high, reflecting improved confidence among manufacturers. #Manufacturing #EconomicRecovery #SupplyChain #Export #Inflation #PMI #GlobalSupplyChains
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The UK manufacturing sector is seeing sustained growth, with the August 2024 Purchasing Managers Index (PMI) standing at 52.5, up from 52.1 in July. This marks four consecutive months of growth, driven by increased output, new orders, and employment. Domestic demand continues to fuel new orders, while improved sales and reduced political uncertainty are boosting business confidence. Despite these positive trends, inflation remained high linked to increased shipping and raw materials costs. #UKManufacturing #PMI #EconomicTrends
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Output in the UK’s manufacturing sector expanded at the fastest pace in over two years in May, a new survey shows, but cost pressures will continue to cause concerns for policymakers at the Bank of England. S&P’s purchasing managers’ index (PMI) for the manufacturing sector rose to 51.2 in May, up from 49.1 in April. PMIs measure business activity in the private sector. Any reading above 50 indicates expansion. The survey showed the upturn in activity was broad-based by both sub-sector and company size. Firms reported receiving greater intakes of new work thanks to stronger market conditions and trying to complete existing contracts, both of which contributed to output growth. “May saw a solid revival of activity in the UK manufacturing sector, with levels of production and new business both rising at the quickest rates since early-2022,” Rob Dobson, Director at S&P Global Market Intelligence, said. Read the full story here 👇 https://lnkd.in/eirtAKaQ
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Senior Editor at ICIS | Shaping the world by connecting markets to optimise global resources
Strong UK June manufacturing activity offset by weakening services sector Strong UK manufacturing activity growth in June was offset by slowing expansion in the services sector, according to the latest Purchasing Managers’ Index (PMI) data. #ICIS #UnitedKingdom #manufacturing #services #PMIs #business #economy https://lnkd.in/d3tCuVYB
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Add in Retail Sales and the U.K. economy is doing well
Output in the UK’s manufacturing sector expanded at the fastest pace in over two years in May, a new survey shows, but cost pressures will continue to cause concerns for policymakers at the Bank of England. S&P’s purchasing managers’ index (PMI) for the manufacturing sector rose to 51.2 in May, up from 49.1 in April. PMIs measure business activity in the private sector. Any reading above 50 indicates expansion. The survey showed the upturn in activity was broad-based by both sub-sector and company size. Firms reported receiving greater intakes of new work thanks to stronger market conditions and trying to complete existing contracts, both of which contributed to output growth. “May saw a solid revival of activity in the UK manufacturing sector, with levels of production and new business both rising at the quickest rates since early-2022,” Rob Dobson, Director at S&P Global Market Intelligence, said. Read the full story here 👇 https://lnkd.in/eirtAKaQ
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According to a recent analysis by insurer and risk management firm QBE, the manufacturing sector is gearing up for a boost, with an expected increase of 1.1% in its contribution to the Canadian economy this year. What's even more thrilling is that this growth is anticipated to be led primarily by the metal products sector. This is a testament to the resilience and innovation within our field. What are your thoughts on this projected growth? How do you see your business or work contributing to this upward movement? Share your insights below! #canadamanufacturing #manufacturingindustry
Modest manufacturing growth appears likely
canadianmetalworking.com
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South Africa’s manufacturing sector is experiencing a troubling downturn as the Absa Purchasing Managers’ Index (PMI) for December 2024 recorded a contraction of 1.9 points, falling to 46.2.
Decline in Absa PMI raises alarms for South Africa's economic outlook
iol.co.za
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LSMI shrinks 2.2% MoM in October. The large-scale manufacturing Index (#LSMI) sector of Pakistan recorded a drop of 2.2% #MoM in October 2024 to 109.10 compared to September's 111.60 points, the Pakistan Bureau of Statistics (#PBS) reported Monday. On a year-on-year basis, the sector's growth remained steady, but during the first four months of FY2024-25, #LSMI contracted by 0.6% YoY. https://lnkd.in/dvVxfNyt
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📈 UK Economic Snapshot This PMI data offers critical insights into the strength of the manufacturing and service sectors. Watch for shifts in GBP trends. 👉 Explore more: https://bit.ly/3YnE6Lq #UKPMI #GBP #MarketUpdate #TrilliumFinancial #TradingMadeSimple #EconomicData
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