Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Flash PMI surveys for August for the US, Eurozone, UK, Japan
and Australia
FOMC and RBA meeting minutes
US jobless claims and home sales
Indonesia and Philippines monetary policy
Thailand GDP updates
With a resurgence of the coronavirus in parts of the world, and
associated lockdowns re-imposed, flash August PMI updates for major
economies in the coming week will be under the spotlight as
analysts seek fresh insights into the prospect of further economic
recovery.
The worldwide PMI surveys indicated a
strengthening of global economic growth during July, but the
upturn remained subdued by containment measures. This has sent a
warning signal that global growth could slow again after the
initial rebound, particularly when recent weeks have seen some
restrictions re-introduced. An additional concern is that
worldwide, jobs continued to be shed, despite widespread government
policy support. This has the potential to dampen consumption and
frustrate the recovery in the months ahead.
In the US, focus will turn to the flash PMI survey data to
assess the pace of the recovery midway through the third quarter,
with eyes particularly on the PMI's gauge for employment. The
release of FOMC minutes will be closely assessed for clues
regarding any future policy movements, while other US data will
include jobless claims, home sales and regional manufacturing
surveys. Markets will also look out for any progress in the fiscal
plan negotiations.
In Asia Pacific, flash PMI data for Japan and Australia will be
eyed, with the latter drawing particular scrutiny to gauge the
economic impact of new COVID-19 restrictions imposed in Victoria
amid a sharp rise in infections. Monetary policy decisions will
come from Indonesia and the Philippines while the RBA meeting
minutes will be closely monitored for policymakers' latest
assessment of the economic outlook. GDP numbers in Thailand are
expected to make grim reading, reflecting the trend seen across
many Asian economies where data has already been released.
In Europe, the flash PMI surveys for the UK, Eurozone, Germany
and France are supplemented by other key releases, including retail
sales, inflation and household finance figures in the UK, as well
as sentiment surveys in the Eurozone.
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.
