Monthly PMI Bulletin: October 2021
The following is an extract from IHS Markit's latest Monthly PMI Bulletin. For the full report, please click on the 'Download Full Report' link.
The global economy expanded for a fifteenth straight month in September, according to the JPMorgan Global PMI™ (compiled by IHS Markit). The rate of expansion improved slightly from August and was the first uptick in fourth months, but remained the second lowest since January.
Both manufacturing and service sectors contributed to the slight improvement, although output growth for the manufacturing sector remained the second weakest since recovery commenced in July 2020. Lingering COVID-19 Delta variant issues continued to affect demand, particularly in the service sector. Meanwhile issues of supply constraints, across both input and labour, were aggravated further by the latest Delta wave. Average suppliers' delivery times continued to lengthen globally at a near-record pace while input prices inflation remained among the highest for a decade.
© 2021, 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.
- Business activity revives across manufacturing and services in June, but demand headwinds persist amid ongoing COVID-19 restrictions
- Eurozone PMI signals growth in June but downturn risks rise amid weakening leading indicators
- Week Ahead Economic Preview: Week of 04 July 2022
- Global manufacturing PMI hits lowest since August 2020 despite China rebound
- The Ascent of APAC in the Global Economy
- Eurozone manufacturing downturn signalled as demand falls sharply in June
- Mainland China manufacturing surges back into growth in June, supplier performance improves, prices fall
- Philippines economy resilient despite global headwinds