The downturn in PMI manufacturing new orders continues: after this week's flash PMIs we estimate the weighted G5 average will be down...

The PMIs for August are in and the weighted manufacturing new orders for the G5 continued to slide. The G5 index fell to 47.2...

The flash Purchasing Managers' Index (PMI) data for December indicates that output price pressures have stabilised within the 'normal'...

And two to be cautious. Reasons to be cheerful... Rate Shift: over the past 4-6 weeks markets have shifted rapidly towards the idea that...

The incipient recovery in global manufacturing that began in Q4:2022 has effectively rolled over and died over the past few months.

G4 flash PMI Data for May confirm that the incipient recovery in global production has dipped...

Near-term prospects for global growth continue to improve

Recession deferred? Manufacturing PMIs are pointing towards a rebound in the Spring.

It's only a slight simplification to say that energy prices remain the swing variable in the outlook for global growth...

Inflation pressures are subsiding, especially in the goods sector..

In November, manufacturing new orders in Asia and the Americas extended their contractions at 44.6 and 45.2 respectively. In Europe new...

Diffusion indices like the PMI data can be tricky. And have been particularly so since COVID, because activity trends have been so...

Today's Flash PMIs confirmed that order backlogs peaked in summer 2021 and have plummeted over the last 8 months. Output prices were...

In this tightening cycle the Fed was late to start and has been playing catch up ever since. Now the market fear is that they will overdo...

At the start of this year, we expected global growth ex-China to re-accelerate...Now, the prospect is for global production to fall outright

September was a rough month for the global economy: we estimate that Global Industrial Production fell 0.7% on the month...

Global COVID cases peaked 5 weeks ago and have come down hard. China has now vaccinated...

Delta took a small bite out of global growth in July and is taking a larger bite out of August...