Also you can sign up to our latest monthly PMI Webcast, which will happen later today at 10:30 am EDT/3:30 pm BST.… https://t.co/IGJGyzQIDy
Global economy ends 2019 on eight-month high
The following is an extract from IHS Markit's monthly PMI overview presentation. For the full report please click on the link at the bottom of the article.
Worldwide growth accelerated for a second successive month in December, according to the latest PMI surveys, registering the strongest monthly increase in output since last April. The JPMorgan Global PMI™ (compiled by IHS Markit) climbed from 51.4 in November to an eight-month high of 51.7, recovering further since slumping in October to its lowest since February 2016. The latest reading nevertheless remains comparable with global GDP rising at a modest annual rate of just less than 2% (at market prices), below the average of 2.4% seen since 2009.
Other indicators such as jobs growth, new order inflows and business expectations also improved, to underscore the brightening picture of global economic trends at the end of 2019. New business rose especially markedly, increasing at the fastest rate since July, to indicate that output growth is likely to accelerate further at the start of the New Year.
Chris Williamson, Chief Business Economist, IHS
Tel: +44 207 260 2329
© 2020, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
- Week Ahead Economic Preview: Week of 10 August 2020
- PMI signals strengthened global growth in July, but upturn dampened by COVID-19 containment
- Global producer prices show largest rise for over a year as demand revives
- Exports act as further drag on economies, but trade downturn shows signs of easing
- Global factories report fastest output growth for one-and-a-half years
- Week Ahead Economic Preview: Week of 3 August 2020
- Week Ahead Economic Preview: Week of 27 July 2020
- Flash PMI shows Australian economic recovery gain momentum in July
Download our latest Economic Preview for the week of 10th August, where we'll see a host of second-quarter GDP data… https://t.co/WqJVFwAKMv
Global PMI Sector data showed most broad groupings breaking into growth territory in July, albeit with modest expan… https://t.co/v370ofzr1V