Embed Size (px)
Citation preview
7/27/2019 Global Industrials PMI - Markit commentary
http://slidepdf.com/reader/full/global-industrials-pmi-markit-commentary 1/2
Global Industrials PMIIndustrials output growth weakest in three months in July
Industrial activity increases further, led by
industrial services
Commercial and professional services sector
shows strong growth in both activity and new
business
Construction materials sector supports
industrial goods output growth
Output in the global industrials sector increased only
modestly in July, rising at the slowest pace for three
months. Of the eight broad sector groups monitored by
Markit Global Sector PMI data, industrials was the
third-worst performing, with only basic materials and
telecommunications services seeing weaker output
trends.
Although having eased since June, industrials outputgrowth was supported by an increase in new business
in July, which rose at the fastest rate since February
2011. Concurrently, payroll numbers increased, and at
the strongest pace in five months. Meanwhile, firms
increased their selling prices on average for the first
time in four months.
The broad industrials group consists of three main
sectors: industrial goods, industrial services and
transportation. Contributory factors to the overall
slower rate of output growth were a marginal decline in
transportation activity and a weaker increase in goods
production. In contrast, services activity grew solidly,
and at the fastest rate in five months.
The strong rise in industrial services activity was in turn
driven by the commercial & professional services
sector, which grew at the fastest pace since February
2012. Moreover, this was the fourth-best performing
sector out of 23 monitored global detailed sectors in
total. The strong rise in activity partly reflected growth
of new business, which was the fastest in a year-and-
a-half. Meanwhile, firms hired additional staff after twomonths of job losses, while output charges were raised
for the first time in four months.
Global Sector PMI: Groups
Source: Markit
Industrials output
Industrials detailed sector summary (July)
Markit Economic Research
12/08/2013
7/27/2019 Global Industrials PMI - Markit commentary
http://slidepdf.com/reader/full/global-industrials-pmi-markit-commentary 2/2
Markit Economic Research
212/08/2013
Industrial Goods
Modest production growth was reported in the
industrial goods sector. Expansion was supported by
an increase in total new orders, but new work intakesrose only marginally as new export orders fell for the
second consecutive month.
The industrial goods sector is composed of the
machinery & equipment and construction materials
detailed sectors. July data showed new export orders
increased in construction materials at the quickest rate
in 18 months, but fell at the sharpest pace for seven
months in machinery & equipment.
Notes on data
Markit Global Industrials PMI data are derived from
Markit’s worldwide manufacturing, services and whole
economy PMI surveys, covering over 4,000 companies.
Markit Global Sector PMI data are derived from
surveys of over 20,000 companies operating in 28
countries. The data are released on the fifth working
day (UK) of each month at 0930 UK time.
The Global Sector PMI data provide corporate
planners and decision makers, economic analysts,
policy makers and investors with a powerful and
unique database with which to monitor business cycles
by industry. Sector trends over time can be tracked as
well as relative performance between sectors, allowing
identification of key growth industries and the drivers
within them.
The data create powerful insight into sector profitability
and provide tools for investment strategy and asset
allocation. Corporate users are able to examine trends
within industry sectors, to help industry forecasting and
inventory planning. The dataset provides monthly
indicators of business trends across variables such as
output, order books, prices, inventories and
employment for eight major groups including: basic
materials, consumer goods, consumer services,
financials, healthcare, industrials, technology and
telecommunication services; and a further 26 sectors
and subsectors of those groups.
Detailed historical global sector data are available via a
subscription from Markit. For further information please
contact [email protected].
Markit Global Sector PMI structure
Groups
- Sectors
- Subsectors
Basic Materia ls
- Chemicals
- Resources
- Forestry & Paper Products
- Metals & Mining
Consumer Goods
- Automobiles & Auto Parts
- Beverages & Food
- Food
- Beverages
- Household & Personal Use ProductsConsumer Services
- Media
- Tourism & Recreation
Financials
- Banks
- Insurance
- Other Financials
- Real Estate
Healthcare
- Healthcare Services
- Pharmaceuticals & Biotechnology
Industrials- Industrial Goods
- Machinery & Equipment
- Construction Materials
- Industrial Services
- Commercial & Professional Services
- General Industrials
- Transportation
Technology
- Technology Equipment
- Software & Services
Telecommunication Services
Simisola Ogunleye
Markit
Tel: +44 207 064 6018
Email: [email protected]
The intellectual property rights provided herein are owned by Markit EconomicsLimited. Any unauthorised use, including but not limited to copying, distributing,transmitting or otherwise of any data appearing is not permitted without Markit’sprior consent. Markit shall not have any liability, duty or obligation for or relating to
the content or information (“data”) contained herein, any errors, inaccuracies,omissions or delays in the data, or for any actions taken in reliance thereon. In noevent shall Markit be liable for any special, incidental, or consequential damages,arising out of the use of the data. Purchasing Managers' Index
TM and PMI
TM are trade
marks of Markit Economics Limited. Markit and the Markit logo are registered trademarks of Markit Group Limited.
