U.S January PMI was 58.7%, down 1.8 percentage points from December’s 60.5% reading, according to the Institute for Supply Management press release. The PMI denotes expansion in the overall economy for the eighth month in a row after contractions in March, April, and May. January’s Prices Index was 82.1%, up 4.5 percentage points from December's reading of 77.6%The … [Read more...] about U.S Recorded Manufacturing Sector Growth Despite Falls in PMI
Eurozone Manufacturing Growth Resilient Despite Falling Slightly in January
Eurozone Manufacturing PMI fell to 54.8 in January, slightly below December’s 55.2, according to the IHS Markit press release. January’s PMI was a seventh successive month of expansion and among the highest seen over the past two-and-a-half years. Eurozone recorded growth across all the broad market groups, although the improvement in the consumer goods was … [Read more...] about Eurozone Manufacturing Growth Resilient Despite Falling Slightly in January
U.K Manufacturing PMI Plunged to a 3-Month Low in January
U.K Manufacturing PMI was 54.1 in January, a 3-month low, down from December’s three-year high of 57.5, according to IHS Markit press release. The January PMI level was weighed down by a decline in new order intakes and a steep reduction in input stocks caused by COVID-19 restrictions. Manufacturing output increased for the eighth successive month in January, … [Read more...] about U.K Manufacturing PMI Plunged to a 3-Month Low in January
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What Impact Do Currency Fluctuations Have on The Economy?
Global trade might not be at its highest peak today, but it remains a critical aspect of the global economy. According to analysis, global trade has grown exponentially over the past century, largely on the back of increased economic integration through globalization. National economies are now part of a global economic system, which has contributed to the creation of wealth on … [Read more...] about What Impact Do Currency Fluctuations Have on The Economy?
