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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.
Latest worldwide PMI data showed the global economy losing
further growth momentum in October. At 50.8, the JPMorgan Global
PMI™ (compiled by IHS Markit) fell to its lowest since February
2016, registering one of the weakest monthly expansions since the
global financial crisis. The PMI is comparable with global GDP
rising at an annual rate of 1.75% (market prices) at the start of
the fourth quarter.
Although manufacturing showed further tentative signs of
improving, having led the global slowdown throughout the past year
and a half via deteriorating worldwide exports, recent months have
seen increasing signs of slower service sector growth. Global
service sector output rose in October at its slowest rate since
early-2016.
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.
