Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 98 results for "Composite PMI"

Chief economist update: A busy 2020 for Abe, BOJ

BENJAMIN ONG  |  TUESDAY, 14 JAN 2020
... again, the Jibun Bank PMI indices point to persistent weakness with all three indices at contraction levels. The Composite PMI fell to 48.6 in December as manufacturing (48.4) and services (49.4) both weakened. The Bank of Japan and the Abe government ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
... advising to overweight Eurozone equities. The forward view (back then) was also better with the Markit Eurozone composite PMI index for December 2017 surging to its highest reading since February 2011 According to IHS/Markit (at the time): "The upturn ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... depreciation comes at a time when the Jibun Bank flash PMI Japan indices for Japan had improved. The Jibun Bank Japan Composite PMI increased 49.9 in November 2019 from a final 49.1 in the previous month - a reading of 50 delineates expansion from contraction ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... managers' indices. The Jibun Bank Japan PMI indices all dropped into contraction territory - below 50 - in October. The composite PMI fell to a reading of 49.1 in October from 51.5 in the previous month due to the continued weakness in the manufacturing ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... Nah Governor, for survey says we're now teetering on the brink. The flash estimate of the Commonwealth Bank Composite PMI fell to a reading of 50.7 in October from 52.0 in the previous month as both the manufacturing (down to 50.1) and services (down ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
... the RBA would not want to give the impression of panic. More so given the positive indications from the Markit/CBA composite PMI reading - up from 51.5 in May to 53.1 in June - the strongest expansion since November last year -- with gains in both services ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
... are nascent signs of stability over economic activity... According to Markit Economics, "The IHS Markit Eurozone Composite PMI rose to 52.1 in June, according to the preliminary 'flash' estimate, up from 51.8 in May to reach its highest since ...

Chief economist update: Surveys back All Ords climb

BENJAMIN ONG  |  MONDAY, 24 JUN 2019
... forward. This is consistent with the Commonwealth Bank of Australia (CBA) PMI survey. The flash estimate of the CBA composite PMI index rose from a reading of 51.5 in May to 53.1 in June - the strongest expansion since November 2018. "Output and new ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
... April from 105.6 in March. The IHS Markit Flash Eurozone PMI for April captures all these. The IHS Markit Eurozone Composite PMI fell from 51.6 in March to 51.3 in April - less than market expectations of 51.8 and the slowest rate of expansion in three ...

Chief economist update: Woe to the world

BENJAMIN ONG  |  MONDAY, 25 MAR 2019
... with it may be a bit premature. The inversion needs to be sustained for longer (not just a day). Also, the Markit composite PMI indices for the world's biggest economies, though trending down, remain in expansion territory. The recent policy U-turns ...