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Join our Chief Business Economist, Chris Williamson to get a timely update on the global economic landscape with the latest data from the latest Purchasing Managers Index™ (PMI) surveys. The PMI™ data provides insight into the health of economies worldwide, with key economic indicators giving you sight of where markets are headed. These findings are derived from surveying over 30,000 companies per month across 40 countries worldwide accounting for 90% of global GDP.
Since late last year the PMIs have moved away from signaling a strong possibility of a meaningful recession to one of a potential ‘soft landing’ as inflationary pressures, the energy crisis and supply chain worries have calmed. But it remains to be seen whether the lagged impact of higher interest rates has yet to be fully felt, potentially offsetting any beneficial impact to the global economy from a reopening of the Chinese mainland.
February’s PMI data will help further assess the developing situation.
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