World 🌍 Economic Tour

Eurozone 🇪🇺manufacturing #PMI posts 59.6 to stay close to record high in January. Inflationary pressures strengthen, business optimism sharpest on record.

Headline France 🇫🇷 manufacturing PMI remains elevated at 58.4 in January (58.8 – December).Output, new orders and employment rise at marked rates. Business confidence hits record high.

Headline Germany 🇩🇪 manufacturing PMI retreats from December’s record high, but remains buoyant at 61.1 in January. Inflationary pressures sharpest since April 2011.

Manufacturing sector growth in Greece 🇬🇷 most marked in over 10 years. Employment expands at joint-sharpest pace on record.

Following Dec stellar performance, growth in India’s 🇮🇳 manufacturing economy lost some momentum. But PMI data shows GST tax continues to affect business performance.

Vietnam 🇻🇳 manufacturing economy gets off 2018 on a solid note as output, sales and employment all increases at a faster rate. But the upturn is marred by intensifying inflation.

Growth in Thailand’s 🇹🇭 manufacturing sector extends into 2018, with signs of a broadening of demand as export sales improve. But jobs growth remains disappointingly elusive.

Taiwan 🇹🇼 manufacturers see strong start to 2018, but stock shortages could dampen future output performance.

South Korea 🇰🇷 manufacturing sector begins 2018 in expansionary territory. Buoyed by stronger sales and output, business confidence increased to a 33-month high.

Modest start to 2018 for Philippines 🇵🇭 manufacturing as new excise taxes hit demand. #PMI slips to 51.7 in Jan, down from 54.2 in Dec.

Growth in the Myanmar 🇲🇲 manufacturing sector picks up to a eight-month high, buoyed by strong expansions in output and sales. Reports of sharp input cost inflation.

Japan 🇯🇵 manufacturing sector gained further momentum at the start of 2018. New order growth at four-year high. Employment increases further. Headline #PMI at highest since early 2014.

Indonesia 🇮🇩 anufacturing conditions are broadly stable in Jan, though new order intakes fall again amid reports of lacklustre demand. Cost inflation remains sharp.

China 🇨🇳 manufacturing output growth hits 13-month high in Jan, though increases for new orders and export sales were slower compared to Dec.

Australian 🇦🇺 manufacturing sector started 2018 on a healthy note. While Jan #PMI is slightly down from Dec, readings for current and future conditions remain strong.

UK 🇬🇧 economy enjoys robust end to an otherwise weak 2017, in line with #PMI.

UK 🇬🇧 manufacturing growth slows at start of 2018 as price pressures intensify. Headline #PMI posts 55.3 in January (56.2 – December).

Manufacturing sector growth in Italy 🇮🇹 accelerates at fastest pace since early 2011. Employment rises at second strongest rate in the survey history.

Russia 🇷🇺 manufacturing #PMI signals strongest growth since July 2017. Output and new orders rise at quicker rates, boosting business confidence.

The headline Ireland 🇮🇪 manufacturing #PMI dips from December’s record but remains elevated at 57.6 in January.

Headline manufacturing PMI for Spain 🇪🇸 recorded at 55.2 in January (55.8 prev) to signal another marked improvement in the health of the sector. Business confidence strengthens to a one-year high.

Manufacturing sector growth in Turkey 🇹🇷 fastest in 82 months. Output and new orders rise at accelerates rates. Purchasing activity expands at quickest pace in nearly seven years.

Netherlands 🇳🇱 manufacturing PMI recorded at 62.5 (62.2 prev), marking a fresh survey high. Booming business conditions were accompanied by strongest output price #inflation since April 2011.

Czech Republic 🇨🇿 manufacturing #PMI reading at 59.8 (unchanged from Dec). Fastest rate of output growth since February 2011.

Poland 🇵🇱 manufacturing PMI declines slightly to 54.6 in January (55.0 prev). Latest figure well above long-run series average of 50.6.

Brazilian 🇧🇷 manufacturing production and new orders rise in January; export sales fall. PMI at 51.2

Mexico 🇲🇽 Manufacturing PMI reaches four-month high of 52.6 at the start of the year, with new orders, production and employment all rising at quicker rates.

Source: IHS Market Economics

-R.W.N II

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