November 2018 Eurozone Markit manufacturing PMI final 3 December 2018

  • Manufacturing PMI final 51.8 vs 51.6 exp. Prior 51.6

That’s confirmation of the weakest growth since August 2016. Business confidence is at the weakest in 6 years. But, it’s only temporary. Prices remained up but not as strong;

“Input prices continued to increase at an elevated rate, despite inflation easing slightly since October. Price pressures remained especially acute in Germany and Austria, compared to the relatively weaker rises seen in Italy, Spain and Greece. Output charge inflation for the region as a whole remained at an above average rate, despite being the slowest recorded for 15 months.”

The other PMI’s today;

  • France 50.8 vs 50.7 exp. Prior 50.7
  • Germany 51.8 vs 51.6 exp. Prior 51.6
  • Italy 48.6 vs 48.9 exp. Prior 49.2
  • Spain 52.6 vs 51.5 exp. Prior 51.8
  • Switzerland 57.7 vs 56.1 exp. Prior 57.4
  • India 54.0 vs 52.6 exp. Prior 53.1
  • China (Caixin) 50.2 vs 50.0 exp. Prior 50.1
  • Japan 52.2 vs 51.8 prior

 

Ryan Littlestone
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