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.
The following is an extract from IHS Markit's latest Week
Ahead Economic Preview. For the full report, please click on the
'Download Full Report' link.
Worldwide manufacturing and services PMIs will
be released next week for a detailed look into November economic
conditions. The turn of the month also brings the US jobs
report for November and eurozone
inflation data, all of which will be watched intently for
central bank policy guidance.
The past week has been one of see-sawing sentiment towards
inflation and central bank outlooks, particularly the Fed. The
renomination of Fed chair Jerome Powell - a relatively less dovish
choice compared to Lael Brainard (now also the vice-chair pick) -
saw equities trading lower at the start of week. That changed ahead
of the Thanksgiving holidays, whereby data, including the IHS
Markit Flash US Composite PMI revealed a steady recovery of the US
economy. Details from the November Fed FOMC minutes meanwhile
pointed to mixed views on inflation, but hinted at a preparedness
to raise rates "sooner than participants currently anticipated" if
warranted by the data, therefore placing additional focus on the
week's upcoming employment report, another of the Fed's highly
watched gauges.
The inflation situation meanwhile also runs hot in the eurozone,
as indicated by the flash PMI data. The key focus for the region
will therefore be on the flash HICP inflation reading.
APAC economies will get a fresh set of PMI updates for November,
one keenly watched for sustained growth amid the recovery from the
latest Delta wave and for any signs of supply constraints
abating.
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.
