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PMI® Commentary and Analysis

Reliable and timely insight into the health of the global economy

Insights from our monthly Purchasing Managers’ Index™ (PMI®) survey data enable financial and corporate professionals to better understand where economies and markets are headed and uncover opportunities

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  1. Emerging market growth accelerates slightly in Q4 as manufacturing sector expands

    10 January 2013

    "The final EMI report for 2012 indicated a slight acceleration in economic growth across emerging markets worldwide. That said, total activity...

    • Purchasing Managers’ Index (PMI)
  2. China's trade surplus grows in December as exports revive

    10 January 2013

    "A revival of export growth helped drive China's trade surplus sharply higher in December. The trade data signal an encouragingly strong end...

    • Purchasing Managers’ Index (PMI)
  3. UK trade deficit narrows as rising goods exports add to signs of manufacturing revival

    09 January 2013

    "An upturn in goods exports in November adds to signs that the manufacturing economy showed signs of improving in the final quarter of last year....

    • Purchasing Managers’ Index (PMI)
  4. Steep fall in German industrial production raises spectre of fourth quarter GDP slide

    09 January 2013

    Official industrial production data have moved closer into line with survey data which have indicated that the German economy contracted in the...

    • Purchasing Managers’ Index (PMI)
  5. Slumping exports add to fourth quarter downturn worries in Germany

    08 January 2013

    A steep fall in exports adds to evidence that the German economy slid into contraction in the final quarter of 2012. The business surveys suggest...

    • Purchasing Managers’ Index (PMI)
  6. Output trends improve across most European sectors in December, with banks in particular returning to growth

    08 January 2013

    "Although 14 of the 22 sectors covered by detailed sector PMI data for Europe posted a reduced level of output in December, the rates of contraction...

    • Purchasing Managers’ Index (PMI)
  7. Global economy ends 2012 on nine-month high

    08 January 2013

    "Global economic growth edged up to a nine-month high in December, according to the global PMI surveys, rounding off the best quarter since the...

    • Purchasing Managers’ Index (PMI)
  8. France: Slumping exports add to fourth quarter downturn worries

    08 January 2013

    "French exports fell sharply in November, according to official data, matched by a similar steep fall in imports. Survey data suggest that a...

    • Purchasing Managers’ Index (PMI)
  9. Week Ahead Economic Overview [7-11 Jan]: No change in policy expected at the BoE and ECB

    04 January 2013

    An overview of the week's economic releases.

    • Purchasing Managers’ Index (PMI)
  10. UK: Renewed weakness in December PMI surveys rounds off worst quarter for three-and-a-half years

    04 January 2013

    The UK saw a renewed bout of economic weakness at the end of 2012. The all-sector Output Index from the three PMI surveys fell below the 50.0...

    • Purchasing Managers’ Index (PMI)
  11. Slowest decline in Madrid economic output for a year-and-a-half

    04 January 2013

    "PMI survey data indicate that the economic downturn has moderated sharply in the Madrid region, providing a ray of hope while the country as...

    • Purchasing Managers’ Index (PMI)
  12. Ireland bucks Eurozone downturn as growth accelerates in the fourth quarter

    04 January 2013

    "The Irish economy continues to recover modestly, in contrast to the picture seen across much of the rest of the Eurozone. The latest official...

    • Purchasing Managers’ Index (PMI)
  13. Global economic growth at nine-month high in December

    04 January 2013

    "Global private sector output expanded at the fastest pace for nine months in December, rounding off the strongest quarter since Q1 2012. Trends...

    • Purchasing Managers’ Index (PMI)
  14. Eurozone downturn eases at the end of 2012. Germany returns to growth, but recessions continue in France, Italy and Spain

    04 January 2013

    "The Eurozone downturn eased further at the end of 2012, as rates of contraction in economic output and new business slowed. At a nine-month...

    • Purchasing Managers’ Index (PMI)
  15. Activity at Hotels & Restaurants in Spain falls sharply after VAT rise

    04 January 2013

    In September 2012, Spain raised both its headline rate of VAT and the reduced rate eligible on certain items to help cut the budget deficit....

    • Purchasing Managers’ Index (PMI)
  16. UK manufacturing production and new orders expand in December

    02 January 2013

    "The UK manufacturing sector ended 2012 on a positive note, with levels of production and new orders rising at faster rates in December. The...

    • Purchasing Managers’ Index (PMI)
  17. Global manufacturing holds steady at end of 2012

    02 January 2013

    "The global manufacturing sector continued to stabilise in December. At 50.2, from 49.6 in November, the JPMorgan Global Manufacturing PMI -...

    • Purchasing Managers’ Index (PMI)
  18. Eurozone manufacturing ends 2012 mired in recession, as demand from domestic and export markets remains weak

    02 January 2013

    "The Eurozone manufacturing sector ended the year on a weak footing, with levels of production and new orders both contracting further in December....

    • Purchasing Managers’ Index (PMI)

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