EMerging Equity
PMI
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
By Michael Snyder We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that manufacturing in China has now been contracting for seven months in a row, … Continue reading
China Tightens Short-Selling Rules
“China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation’s major brokerages suspended their short-selling businesses,” Reuters reports. According to the news agency: China’s stock exchanges and market watchdogs are cracking down on short-selling as … Continue reading
Greek Manufacturing Industry Collapses In July
The Greek manufacturing industry fell at a record pace and collapsed in July amid capital controls and as uncertainty grows over the country’s future relationship with the Eurozone. A manufacturing gauge by Markit Economics, known as the Purchasing Managers’ Index (PMI), showed that Greek manufacturing plunged to an all-time low of 30.2 in July, from 46.9 in … Continue reading
South Korea And China Sign Free-Trade Agreement: Will It Help To Avoid Growth Contraction?
“South Korea and China signed a free-trade deal on Monday that will remove tariffs on more than 90 percent of goods over two decades,” Business Mirror reports. The agreement covers 22 areas, including finance and online commerce. However, rice and autos have been excluded from the document. The deal should boost South Korea’s GDP by 1 percentage … Continue reading
China Manufacturing PMI At 50.2 In May, In Line With Forecasts
The official manufacturing Purchasing Managers’ Index (PMI) edged up to 50.2 from April’s 50.1 in line with analysts’ forecast for a 50.2 reading. A reading above 50 points indicates growth on a monthly basis, while one below that points to contraction. “In view of the sizes of enterprises, the PMI of large-sized enterprises was 50.7 … Continue reading
China May Official PMI Seen Colourless: Stimulus Measures Ineffective?
“China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy,” Reuters reports. The official manufacturing Purchasing Managers’ Index, known as PMI, is forecast to inch up to 50.2 from April’s … Continue reading
Chinese Manufacturing Index Falls To Lowest Value In Over Two Years
China has announced its Purchasing Manager’s Index (PMI) for January showed a contraction in the factory sector for the first time in almost two and a half years. By Sputnik MOSCOW, February 1 (Sputnik) – China’s National Bureau of Statistics (NBS) on Sunday released data showing that the country’s manufacturing activity shrank in January for the first time since October … Continue reading
Factory Output Growth In China Declines Further In November
Growth in China’s factory output slumped again in November, AP reported. Industrial production rose by 7.2 percent over the previous year, according to government data published on Friday. The figure, which was down from October’s 7.7 percent growth and September’s 8 percent rate, is seen as a new sign of weakness in the world’s second-largest … Continue reading
Central European PMIs Power Onwards In November
By BNE IntelliNews Central European purchasing manager indices (PMI) continued to power onwards in November, with Poland joining Hungary and the Czech Republic in registering an improvement in sentiment, data released by Markit on December 1 showed. Adding to recent bright data out of the region, it suggests a surprisingly strong end to the year. The brightening … Continue reading
Russian Growth Slows to 3-Month Low, Export Continues to Fall, Inflation hits 43-month high: HSBC
Following the latest October Markit report “the Russian manufacturing sector continued to register growth of output at the start of the fourth quarter, according to HSBC PMI® data compiled by Markit. That said, expansion of new orders lost Momentum, and firms continued to cut staffing levels. New export business remained a major drag on total new order … Continue reading
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