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eurozone Archives - Shopfloor

IHS Markit: U.S. Manufacturing Activity Improved in January to Its Best Month Since October 2014

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The IHS Markit Flash U.S. Manufacturing PMI rose from 55.5 in January to 55.9 in February, registering the best reading since October 2014 and boosted by accelerating new orders (up from 56.7 to 57.8) and employment (up from 55.0 to 55.8). Similarly, the index for future output (up from 66.9 to 71.0) was just shy of December’s reading (71.1), which was nearly a two-year high. More importantly, this suggests very healthy growth in production over the next six months. At the same time, current output (down from 56.2 to 56.1) and exports (down from 52.9 to 52.1) eased slightly in the February survey but continued to grow at a promising pace. On the downside, input prices picked up in the latest survey (up from 58.6 to 61.9), with costs expanding at rates not seen since December 2012. Read More

IHS Markit: Eurozone Manufacturing Activity at an All-Time High in Survey’s 20-Year History

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Manufacturing activity in Europe expanded at the fastest pace since the survey was founded in June 1997, with the IHS Markit Flash Eurozone Manufacturing PMI rising from 60.1 in November to 60.6 in December. As such, this is yet another signal that the economy on the continent is trending in the right direction after sluggishness in recent years. New orders (up from 61.4 to 61.6), output (up from 61.0 to 62.0) and employment (up from 58.2 to 58.5) each accelerated in December, with hiring and production growth also at record highs. The pace of new orders registered the best reading since April 2000. Exports eased ever so marginally in the latest data (down from 60.7 to 60.6) but continued to expand robustly. At the same time, the index for future output continued to grow at a very healthy pace (up from 65.6 to 67.8), rising to its highest point since that measure was introduced in mid-2012. Read More

Markit: Eurozone Manufacturing Slipped a Bit from a Six-Year High in July; U.S. Growth Picked Up

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After soaring to new multiyear highs in each of the last few reports, the IHS Markit Flash Eurozone Manufacturing PMI declined from 57.4 in June, a level not seen since April 2011, to 56.8 in July, a three-month low. Despite the somewhat slower growth in this latest survey, the underlying trend remains positive, with European manufacturers continuing to expand at decent rates. New orders (down from 58.7 to 57.1) and output (down from 58.7 to 56.9) decelerated in July but mostly reflected strong growth, with exports (unchanged at 57.4) and employment (up from 55.9 to 56.0) remaining promising. In a similar way, the future output index (down from 67.4 to 66.5) indicated healthy expectations for the next six months, albeit with some easing. The forward-looking index had been at its highest point since it was introduced in mid-2012 in June, and the current data is not far from that level. Read More

IHS Markit: Eurozone Manufacturing at Six-Year High in June; U.S. Growth Slowest Since September

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The IHS Markit Flash Eurozone Manufacturing PMI rose from 57.0 in May to 57.3 in June, once again its fastest pace since April 2011. This suggests that manufacturers in Europe have mostly brushed off political uncertainties, with economic growth on the continent continuing to trend in the right direction. New orders (up from 57.8 to 58.5) and output (up from 58.3 to 58.5) accelerated somewhat in June, with both at levels not seen since early 2011. At the same time, exports (down from 57.5 to 57.4) and employment (down from 56.1 to 56.0) edged lower for the month but remained encouraging overall. Looking ahead six months, the future output index reflected healthy expectations moving forward (up from 66.0 to 67.3), with that measure at its highest point since it was introduced in mid-2012. In addition to data for Europe as a whole, IHS Markit also released preliminary figures for France (up from 53.8 to 55.0) and Germany (down from 59.5 to 59.3), which were both promising despite mixed results in June.

Meanwhile, the IHS Markit Flash U.S. Manufacturing PMI eased to its slowest growth rate since September, down from 52.7 in May to 52.1 in June. It was the fifth consecutive monthly decline, down from 55.0 in January, which was the fastest growth rate in nearly two years. Nonetheless, we continue to see modest growth overall in the sector nationally, even with some softer data in most of the key variables, including new orders (down from 53.4 to 51.6), output (down from 53.3 to 52.9) and exports (down from 51.3 to 51.0). In contrast to those figures, hiring picked up somewhat in June (up from 51.9 to 52.4). While manufacturing activity in the United States was perhaps weaker than desired in this latest survey, respondents continued to be mostly optimistic about future output (down from 66.5 to 66.1), even with a slight easing in this report.

IHS Markit: Eurozone Manufacturing Activity Rose Again in May to Another Six-Year High

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The IHS Markit Flash Eurozone Manufacturing PMI inched up from 56.7 in April to 57.0 in May, its fastest pace since April 2011. This suggests that manufacturers in Europe have mostly brushed off political uncertainties, with economic growth on the continent continuing to trend in the right direction. The underlying data were encouraging, including new orders (unchanged at 57.7), output (up from 57.9 to 58.4), exports (up from 57.4 to 57.6) and employment (up from 55.5 to 56.2). Activity in Germany (up from 58.2 to 59.4) mirrored the larger Eurozone headline number, with its manufacturing PMI figure also rising to a 73-month high. At the same time, French manufacturers (down from 55.1 to 54.0) cited modest expansions in activity in May, even as it pulled back from April’s six-year high. The larger story for France, though, is that its manufacturing sector has expanded for eight straight months – a sign that its growth is beginning to turn around.

Meanwhile, the IHS Markit Flash U.S. Manufacturing PMI eased to its slowest growth rate since September, down from 52.8 in April to 52.5 in May. It was the fourth consecutive monthly decline, down from 55.0 in January, which was the fastest growth rate in nearly two years. Nonetheless, we continue to see modest growth overall in sector nationally, even with decelerated accelerations across-the-board. This includes new orders (down from 53.7 to 53.4), output (down from 53.4 to 53.3), exports (down from 52.1 to 51.3) and hiring (down from 52.5 to 51.9). Looking ahead 12 months, manufacturers in the U.S. continued to be optimistic about future output (up from 65.9 to 66.5).

Markit: Eurozone Manufacturing Activity Rose Again in April to Another Six-Year High

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The Markit Flash Eurozone Manufacturing PMI rose from 56.2 in March to 56.8 in April, its fastest rate since April 2011. While there continues to be a lot of political uncertainty on the continent, survey respondents in the sector have mostly brushed aside such concerns. Instead, they have focused on the fact that the Eurozone economy has trended generally in the right direction in recent months, with activity accelerating at a modest rate, and the headline PMI has trended higher since bottoming out at 51.2 in February 2016. Despite an election in France this weekend that could be quite consequential, depending on the results, manufacturing activity in that country (up from 53.3 to 55.1) accelerated to its fastest rate since April 2011, helping to lift the Eurozone data. At the same time, Germany (down from 58.3 to 58.2) edged slightly lower from its six-year high in April, but remained quite strong. Read More

Markit: Eurozone Manufacturing Activity Rose in March at Fastest Rate Since April 2011

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The Markit Flash Eurozone Manufacturing PMI rose from 55.4 in February to 56.2 in March, its fastest rate since April 2011. As such, the continent’s economy continues to move in the right direction, with activity accelerating at a modest rate. The headline PMI has trended higher since bottoming at 51.6 thirteen months ago. The underlying data were mostly higher in March. New orders (up from 56.1 to 56.9), exports (up from 55.5 to 56.2) and employment (up from 54.3 to 55.1) each accelerated in the latest survey. In addition, output (down from 57.3 to 57.2) continued to expand rather strongly despite easing a little in this survey. Likewise, respondents remained upbeat about future output (down from 66.7 to 66.3) even though that measure has pulled back for the second straight month from January’s three-year high. Read More

Markit: Eurozone Manufacturing Activity Rose at Fastest Rate Since April 2011

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The Markit Flash Eurozone Manufacturing PMI rose from 55.2 in January to 55.5 in February, its fastest rate since April 2011. As such, the continent’s economy continues to move in the right direction, with activity accelerating at a modest rate. The headline PMI has trended higher since bottoming out at 51.2 one year ago. The underlying data were mostly higher in February. New orders (up from 56.0 to 56.1), output (up from 56.1 to 57.2) and exports (up from 55.2 to 55.5) each accelerated somewhat in the latest survey. Hiring growth also continued to be promising despite pulling back a little from its quickest pace in nearly six years (down from 55.0 to 54.6). Likewise, respondents remained upbeat about future output (down from 66.9 to 66.3) even though that measure eased from its highest point since January 2014 in this release. Read More

Markit: U.S. Manufacturing Activity in January Grew at Strongest Rate Since March 2015

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The Markit Flash U.S. Manufacturing PMI grew from 54.3 in December to 55.1 in January, its highest level since March 2015. This mirrored faster pace of expansions for new orders (up from 55.6 to 57.3), output (up from 55.1 to 56.7) and exports (up from 50.3 to 51.1). Demand growth was the strongest since September 2014. On the other hand, employment (down from 54.1 to 53.3) decelerated a bit in January but remained mostly encouraging. Looking ahead 12 months, manufacturers were optimistic about future output (up from 64.3 to 69.4), with that forward-looking index at a nine-month high. Overall, this report provides some encouragement for manufacturers, many of whom have been rather cautious in their economic outlook for much of the past two years. Read More

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