Source: IHS Markit The United States private sector expanded to a three-month high in October, but figures remain lower than the same period last year. PBUS is up 0.41%. The US Composite Output Index climbed to 57.3 in October, from 55.0 in September. This is the highest since July.The stronger growth was on the back of the services sector, which also expanded by the … [Read more...] about US Private Sector Growth Climbs to Three-Month High
German Private Sector Activity Slows to Eight-Month Low
Source: IHS Markit Business activity of the German private sector slowed to an eight-month low in October, as factory production was held back by input shortages and a decline in demand. EWG is up 0.82% The Flash Germany PMI Composite Output Index fell to 52.0 in October, the lowest in eight months after September’s 55.5.Services activity slipped to a six-month low of … [Read more...] about German Private Sector Activity Slows to Eight-Month Low
UK Private Sector Activity Climbs to Three-Month High
Source: IHS Markit The private sector in the United Kingdom grew by a three-month high in October, backed by the growth of service providers during the period. EWU is up 0.06% premarket. The headline seasonally adjusted IHS Markit/CIPS Flash UK Composite Output Index rose to 56.8 from 54.9, the highest since July.The UK Services Business Activity Index jumped to a … [Read more...] about UK Private Sector Activity Climbs to Three-Month High
Supply Constraints Drag Eurozone Business Activity to Six-Month Low
Source: IHS Markit Business activity in the Eurozone plunged to a six-month low in October, dragged by the supply constraints and ongoing issues brought about by the COVID-19 pandemic. EZU is up 0.54% premarket. The Flash Eurozone PMI Composite Output Index fell to 54.3 in October from 56.2 in September, while services activity fell to 54.7 from 56.4.Both readings are the … [Read more...] about Supply Constraints Drag Eurozone Business Activity to Six-Month Low
Japan Business Sector Returns to Expansion for First Time in Six Months
Source: IHS Markit Japan’s business sector expanded for the first time in six months in October, as the dominant service sector posted a nine-month high. EWJ is up 0.94% premarket. The Flash Composite Output Index stood at 50.7, higher than the 50 threshold that separates expansion from contraction. The latest reading follows 47.9 in September and is the first … [Read more...] about Japan Business Sector Returns to Expansion for First Time in Six Months
