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PMIs GLOBAL (Jan. 2016)
Global PMI-Status; Out of 42 countries/regions 29 countries carry a PMI reading > 50 (pos. reading), 29/42 = 69%**. Be aware, that also the Euro Area is also counted as a country/region, emphasising the importance of the European region as a whole!
Definition of 'Purchasing Managers' Index - PMI': An indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Breaking Down 'Purchasing Managers' Index - PMI': A PMI of more than 50 represents expansion of the manufacturing sector, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change. Prior to September 1, 2001, the acronym (PMI) stood for Purchasing Managers' Index.
Status Quo: Only 13 out of 42 regions/countries have a PMI-reading below 50 (contracting indication)** following the most recent data available as per 1st Feb. 2016. These countries are following: Russia, Singapore, South Korea, Canada, Norway, Indonesia, Malaysia, China, Egypt, Lebanon, Brazil, Hong Kong and South Africa. This result (13/42) leads to the positive Tachometer-outcome of (29/42) = 69%.
From these 13 ("neg.") countries with a PMI-reading below 50 only 2 have a negative development versus the month before: Hong Kong (46.4), South Africa (43.5).
In the next Tachometer one can see the development of the respective PMI-reading per country versus the month before*. As there were 21 upside developments versus 21 downside-developments the result was neutral (21/42 = 50%).
Historical Review (Jan. 2016): 15 out of 42 regions/countries had a PMI-reading below 50 (contracting indication)** following the data available as per January 2016. This result (15/42) has led to the positive Tachometer-outcome of (27/42) = 64.3%:
data-source: http://www.tradingeconomics.com
The link above (tradingeconomics) displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Manufacturing PMI - Countries - List. This page provides values for Manufacturing PMI reported in several countries. The table has current values for Manufacturing PMI, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.
Alternative view/Commenting on the J.P. Morgan-Survey of Global PMI, David Hensley, Director of Global Economic Coordination at J.P.Morgan, said: “Global manufacturing ended 2015 on a subdued footing, as the ongoing downturns in emerging markets such as China, Brazil, India and Russia remained a drag on global IP growth. Sector PMI data launched today show that weak investment and business-tobusiness spending are the main drags on global growth, while consumer goods demand continues to be a positive driver of growth.”
J.P. Morgan Global PMI: https://www.markiteconomics.com
PMI-definition: http://www.investopedia.com
