“The service sector continues to face head winds, with weakening new business dragging down activity. On a positive note, inflation pressures are easing and optimism about the coming year is rising.”
Tag: economy
China recovery continues…
Europe has the best quarter in two years: Manufacturing PMI at 31-month high…
Germany is crushing it: Manufacturing PMI at 30-month high…
France not looking too hot: Manufacturing PMI falls to 47.1 (48.4 in November), 7-month low…
Source: Markit Economics
Previously: November Roundup.
Emerging market growth is finally picking up momentum.
New orders rose at the steepest pace since February 2011.
Growth rate of new business inflows strengthened to a 20-month high.
Plus, the Fed is going to keep the QE tap open at least till the 1st half of 2014… Party on!
Source: http://www.markiteconomics.com/
The Flash numbers came out yesterday. Here’s what you need to know:
US
PMI rebounds to eight-month high in November. Data confirms ongoing modest improvement in manufacturing business conditions.
Eurozone
PMI signals slowing growth for second successive month in November. Composite Output Index is at a 3-month low, manufacturing is at a 2-month low.
Germany
Composite Output Index is at a 10-month high. Manufacturing is at a 29-month high.
France
French private sector economy slips back into contraction. Composite Output Index is at a 5-month low, manufacturing is at a 6-month low.
Source: Markit
Flash China Manufacturing PMI at 50.4 (50.9 in October). Two-month low.
Flash China Manufacturing Output Index at 51.3 (51.1 in October). Eight-month high.
Source: Markit