India’s PMI sees a steep drop as COVID-19 strikes the country hard For the most part, manufacturing showed strength in May as the Eurozone and four additional countries were comfortably above the 60 percent PMI level. UK manufacturers set the pace as the country surged with a 4.7 percent PMI increase to reach a new […]
Read MoreManufacturing PMI numbers across the world pushed up in April with only the US and Germany showing a decline from March. Of course, Germany and the US were still above the 60 percent mark and notably both Italy and the UK also pushed into the 60th percentile as well. Despite issues from COVID-19, Indian manufacturing […]
Read MoreThe latest Manufacturing ISM® Report On Business® issued by Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee reported a 60.7 percent PMI for April. That represented a decrease of four percentage points from the March reading of 64.7 percent.
Read MoreManufacturing across the world continued to surge in March as Germany, the U.S. and the Eurozone all registered PMI numbers above 60 percent. Demand is strong across the world but China slipped 0.3 percent from February to register a 50.6 PMI reading. India also saw a sharp drop off to 55.4 percent after previously pulling […]
Read MoreU.S. manufacturing registered a PMI of 60.8 percent for February according to the latest ISM® Report On Business® to reach the highest figure since the start of the COVID-19 global pandemic. “Manufacturing performed well for the ninth straight month, with demand, consumption and inputs registering strong growth compared to January,” says Timothy R. Fiore, Chair […]
Read MoreSupply Chain Issues and Labor Shortages Present Challenges Manufacturing in India showed strength with a reported 57.7 PMI from Markit Economics, which represented a fourth straight month of improvement. Italy had a second straight month of growth and a big uptick to a reported PMI of 55.1 percent after registering 52.8 in December. That represents […]
Read MoreThe Institute for Supply Management® (ISM®) reported a December PMI® of 60.7 percent for US manufacturing, up 3.2 percentage points from the November reading of 57.5 percent. That figure was the highest since August of 2018 and also indicates expansion in the overall economy for the eighth month in a row after contracting in March, April, […]
Read MoreWhen the US Congress passed an emergency stimulus package of $900 billion for COVID-19 related relief to US citizens and businesses on Monday, it was widely accepted that US President Donald Trump would sign the bill into law. However, last night Trump put that into question with comments in a video posted to Twitter saying, […]
Read MoreAfter surging to two-year highs in October, the US and Eurozone manufacturing numbers for November dipped slightly with Germany and Italy also following the pattern. China was the exception as the Caixin PMI registered 54.9 to hit a new series high.
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