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Showing 71 - 80 of 217 results for %22Composite PMI%22

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
... by significant policy accommodation by major economies..." This is substantiated by the recent rebound in the global composite and services PMI indices and the slowdown in the rate of decline in the global manufacturing PMI. Then again, the Fed could ...

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 ...

Chief economist update: Time to pig out on China shares?

BENJAMIN ONG  |  MONDAY, 4 MAR 2019
... in fixed asset investment, industrial production and retail sales. Not to mention the lead from the Caixin China composite PMI which has declined to within a whisker of stall speed (50.9) in January from 52.2 in the previous month, dragged down by the ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... the fourth straight quarter of slowdown - but forward indicators suggest more weakness. Markit Economics' Eurozone composite PMI declined to a reading of 51.2 in December from 52.7 in speed (50.0 level). Similarly, the progress achieved with regards ...

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... - where all major world equity markets produced negative returns and are at correction levels (China's Shanghai composite index is in a bear market) and global economic growth momentum peaked in February 2018 and has since then, slowed sharply. The ...

Chief economist update: The Middle Kingdom's middling growth

BENJAMIN ONG  |  TUESDAY, 6 NOV 2018
... survey indicate that the economy could be heading for stagnation. According to Markit Economics/Caixin: "The Caixin China Composite Output Index dipped to 50.5 in October from the previous month, reaching its lowest level since June 2016, indicating ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
... slowest for over two years, optimism hits four-year low" And its key findings make for grim reading: Flash Eurozone PMI Composite Output Index at 52.7 (54.1 in September). 25-month low. Flash Eurozone Services PMI Activity Index at 53.3 (54.7 in September). ...

Chief economist update: China on the down low

BENJAMIN ONG  |  WEDNESDAY, 17 OCT 2018
... from the latest Caixin PMI survey suggest that more weakness is in store in the coming months. The Caixin China composite PMI hardly changed, inching up to just 52.1 in September from 52.0 in August as the improvement in the service sector (up to 53.1 ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
... appears to be the foreboding flashing on investors' dashboards following yesterday's 3.7% drubbing in the Shanghai composite index and the 0.5% depreciation in the Chinese yuan CNY6.9136 versus the greenback. At any other given day, investors ...

Chief economist update: Fed will go hiking in June

BENJAMIN ONG  |  THURSDAY, 24 MAY 2018
... some more. This is the same indication from the latest IHS Markit purchasing managers' survey, showing that the Composite PMI rose to a better than expected reading of 55.7 in May (preliminary estimate) from 54.9 in April. This is the best reading ...