S&P Global’s final September reading for the eurozone manufacturing PMI came in at 52.9, above the 52.7 flash estimate and the highest level since May 2022, driven by AI and defence investment.
Tag: manufacturing
Posted inEconomy
China Industrial Profit Growth Slows to 4.2% in August as Demand Weakens
China’s National Bureau of Statistics reported Monday that industrial profit growth fell to 4.2% year-on-year in August, sharply down from 11.2% in July, as weak domestic demand offset an AI-driven surge in electronics.
Posted inEconomy
US Manufacturing Expands for Eighth Month but Prices Stay Elevated at 71.1%
The ISM Manufacturing PMI registered 54.6% in August — the eighth consecutive month of expansion — while the prices paid index held at 71.1% for the 23rd straight month of rising input costs.
Posted inEconomy
China’s Factory Activity Edges Toward Recovery as New Orders Turn Positive in August
China’s NBS manufacturing PMI rose to 49.8 in August from 49.2 in July, with new orders and export orders both crossing into expansion territory for the first time since May.
Posted inEconomy
Eurozone Factory Growth Hits Four-Year High in August as Export Orders Turn Positive
S&P Global’s August flash PMI put eurozone manufacturing at 52.8, a 54-month high, with the composite activity index at 52.1 as new export orders turned positive for the first time since February 2022.
Posted inEconomy
US Manufacturing PMI Reaches Four-Year High of 55.6% in July
The ISM’s July manufacturing index rose to 55.6%, a four-year high, as factory employment expanded for the first time in nearly three years.