Chris Williamson @WilliamsonChris Twitter profile

Last Seen Profiles

@AdisonSand38915

@NERDY_K0B0LD

@ciceroforward

@archvbear

@SahinTalus

@Halasyriagmail1

@Barbie_swabie

@AboveGenTech

@_jxnesyy

@stwmaniax

@fem_yzn

@stwmaniax

@HasNitsc

@stwmaniax

@kanae2324234

@Oliiivia8

@Paul94Mck

@sunbunnykpop

@boyonceknowless

@sasakikokona_s2

@sai_aguirrx

@tukikage_nue

@OmniStrife

@penyukastw21

@yakubusjr

@BDesniar

@RobloxWinning

@sui0105naiko

@TA8GEozA9cqu1nO

@stw_pdg

@Kingsford

@ComesOrlan70373

@lucastrndd_

@6bc9918457264b6

@LU1City

@Bdon3

Chris Williamson

@WilliamsonChris

3 years

The UK was the only western economy to see falling exports in December, according to #PMI survey data, as #Brexit exacerbated COVID-19 related disruptions to global trade. (Over 1/4 UK manufacturers cited Brexit as factor in falling exports). Italy saw the sharpest export rise.

21

438

587

Chris Williamson

@WilliamsonChris

3 years

While I was trying (in vain) to find petrol to drive my daughter to London for university tomorrow, a colleague who runs a laundry business told us how he was called to be informed that his lorry load of clean laundry had been deserted at a service station. His driver had been...

37

143

351

Chris Williamson

@WilliamsonChris

1 year

Big drop in US flash #PMI selling price gauge in October brings the #FOMC 2% target into focus for the first time in three years

13

94

266

Chris Williamson

@WilliamsonChris

1 year

The UK economy has entered a significant downturn, according to August flash #PMI surveys. Barring pandemic lockdown months, this is one of the steepest contractions since the global financial crisis. The surveys signal #GDP set to fall by 0.2% in Q2 with worse likely to come.

15

123

242

Chris Williamson

@WilliamsonChris

3 years

UK goods export growth has lagged that of the eurozone to a striking degree over the past year, with the last 5 months even seeing the UK battling with falling/stalled exports - underperforming all European peers as UK firms report #Brexit related factors adding to pandemic woes

14

142

224

Chris Williamson

@WilliamsonChris

2 years

#Eurozone #manufacturing is looking set for a steep downturn, according to today's flash #PMI data. Output is already falling and inventories of unsold stock are rising at the steepest rate for 2 years amid weak demand

4

78

193

Chris Williamson

@WilliamsonChris

3 years

...an unscrupulous bunch of characters. What a mess this country seems to be in right now.

28

25

187

Chris Williamson

@WilliamsonChris

3 years

Meanwhile I have enough fuel to get from Devon to London but not back again. I can't have her missing the start of term so that's going to be a fraught journey from what I see on twitter.

22

171

Chris Williamson

@WilliamsonChris

3 years

... having a break when someone offered to double his pay with a starting bonus if he'd drive for him. An offer too good to refuse, he simply went off leaving my friend in the lurch, a full lorry deserted in a service station. He had to scramble to get his property back. What ...

20

40

169

Chris Williamson

@WilliamsonChris

2 years

We are seeing a significant change in worldwide inventory management, with fewer companies building stocks for safety considerations & more companies (in fact the most since 2009) cutting inventories due to weak sales. Hence weaker demand for commodities. #PMI #supply #inflation

4

59

161

Chris Williamson

@WilliamsonChris

5 years

@RobinWigg I thought initially this was a quote from a medic working in a hospital but lost sympathy as I read on...

4

5

151

Chris Williamson

@WilliamsonChris

5 years

UK #PMI shows near-stagnation of the service sector in June in one of the worst performances seen over the past decade. Adds to the flow of bad news after steep declines seen in both manufacturing and construction. 1/

9

123

125

Chris Williamson

@WilliamsonChris

2 years

The US #economy is contracting at rate not seen since the global financial crisis in 2009 (excluding the initial pandemic lockdown), as the flash #PMI covering output of manufacturing and services fell sharply in July.

2

78

112

Chris Williamson

@WilliamsonChris

3 years

But note that there is some light appearing on the semiconductor shortage issue:

0

34

109

Chris Williamson

@WilliamsonChris

2 years

Inflation peak? Industrial price pressures in the developed world are coming down sharply, reflecting falling demand and fewer supply constraints.

4

41

101

Chris Williamson

@WilliamsonChris

2 years

Central bank policymaking enters uncharted territory as PMIs signal falling demand in the world's major developed economies #FOMC #ECB #BOE

5

37

85

Chris Williamson

@WilliamsonChris

3 years

Worldwide #PMI survey respondents report that shortages of #semiconductors eased to the lowest since last January (albeit with shortages still running at around five times normal). April/May 2021 appears to have been peak shortage.

3

35

82

Chris Williamson

@WilliamsonChris

2 years

December saw the largest monthly cooling of firms’ input cost inflation seen in the 13 year history of the @SPGlobalPMI US survey barring only the lockdown related slump in April 2020. This could have a big impact on #CPI #inflation in the coming months...

1

34

75

Chris Williamson

@WilliamsonChris

2 years

Our US flash #PMI for April, published today, signalled the by far the largest rise in selling prices for goods and services yet recorded by the survey. Here's the PMI prices index plotted against #CPI annual inflation rate ... #FOMC

1

33

71

Chris Williamson

@WilliamsonChris

2 years

UK business activity surged back into life in February, according to the flash PMI, displaying renewed growth after six months of decline. The composite PMI rose from 48.5 to 53.0, registering the strongest expansion since last June and smashing expectations of a reading of 49.2

3

42

66

Chris Williamson

@WilliamsonChris

2 years

Central banks are hiking into a downturn. July's flash PMIs show falling output across the 4 largest developed economies (US, EZ, JP, UK) in July at the same time as interest rates are RISING to quell inflation. It's now a question of how deep will these downturns be.

1

25

64

Chris Williamson

@WilliamsonChris

3 years

Today's flash PMI data indicate that supply constraints in the major developed economies appear to have peaked and are now at the lowest since March. Although still high by historical standards, this alleviation of supply delays – if it continues – bodes well for future inflation

0

29

64

Chris Williamson

@WilliamsonChris

7 months

In recent months, by remaining sticky at a level above 3%, US #inflation has behaved very much as signalled in advance by the @SPGlobalPMI . Encouragingly, the #PMI sends signals that #CPI will cool to around 2% in the coming months. Watch out for the next PMI data due 21 March.

4

19

61

Chris Williamson

@WilliamsonChris

6 years

#Eurozone manufacturing #PMI indicates that last 3 months of 2018 saw the worst factory output growth since the Q2 2013, with firms having to eat into backorders to sustain production levels. Some temporary factors evident but trend looks worryingly weak

2

58

56

Chris Williamson

@WilliamsonChris

2 years

UK #PMI data signal major economic slowdown in May. S&P Global/CIPS flash PMI dives from 58.2 in April to 51.8, its lowest since the COVID-19 lockdowns of February 2021. Roughly indicative of #GDP expanding at a quarterly rate of just 0.1%.

4

40

58

Chris Williamson

@WilliamsonChris

2 years

Flash #PMI commentary "there are some signs that supply-chain-related input cost pressures have peaked, providing some encouragement that broader inflationary pressures will likewise peak soon". More at

3

11

51

Chris Williamson

@WilliamsonChris

4 years

Brace yourself before looking at the chart: UK flash #PMI at all-time low of 12.9 in April. Our model indicates this means #GDP is likely falling at a quarterly rate of around 6.5%

6

41

48

Chris Williamson

@WilliamsonChris

2 years

Global #manufacturing PMI falls into contraction territory for first time since 2020 lockdowns. Here's our deep dive into the numbers and sub-indices

1

31

52

Chris Williamson

@WilliamsonChris

3 years

@Nico879 @NickCohen4 A year's worth of belongings, including clothes, bedding, duvet, towels, kitchen gear, musical instruments plus bicycle (yes for green cycling in london) - good luck turning up at the bus/train station with that lot. Get real please and don't judge ... we barely use our car.

1

2

49

Chris Williamson

@WilliamsonChris

3 years

Delta variant hits Asian economies with #ASEAN manufacturing #PMI in sharp contraction territory again in July. Read more about the outlook for ASEAN in our week ahead preview at

0

24

51

Chris Williamson

@WilliamsonChris

5 years

IHS Markit/CIPS UK Manufacturing PMI indicated that output fell in July to an extent not seen since July 2012, and a rate exceeded only twice since early-2009. The index is consistent with manufacturing production falling at a quarterly rate of 1%, or 4% annually. 1/

2

41

49

Chris Williamson

@WilliamsonChris

7 years

#Euro zone Manufacturing #PMI ended 2017 at a record high, with all-time highs seen in #Germany , #Austria & #Ireland

2

70

47

Chris Williamson

@WilliamsonChris

5 years

@Birdyword he needs to use a screw not a nail for that

3

0

44

Chris Williamson

@WilliamsonChris

9 months

Red Sea shipping delays are feeding through to higher #manufacturing prices in the UK, which could worry policymakers at the Bank of England about another kick higher in #inflation #BOE #GBP

9

22

45

Chris Williamson

@WilliamsonChris

3 years

#Manufacturing #PMI survey data reveal how the UK’s exporters have underperformed their peers in the eurozone to the greatest extent for over two decades so far this year, i.e. since the end of the #Brexit transition period.

3

31

48

Chris Williamson

@WilliamsonChris

4 years

UK flash composite #PMI for January comes in at 40.6 (50.4 in Dec) against consensus of 45.5, indicating the country is on course for another severe contraction in the first quarter. Comparable figure for the eurozone was 47.5 (50.8 in Germany, 47.0 France).

3

43

45

Chris Williamson

@WilliamsonChris

1 year

Look how fast #inflation is falling in the eurozone services flash #PMI , including today's June number, which showed one of the biggest falls on record (blue bars, with blue line showing trend) #ECB #EUR

1

18

46

Chris Williamson

@WilliamsonChris

2 years

We are seeing the same with inventories of finished goods, with June seeing an elevated number of companies starting to reduce warehouse levels of unsold stock due to the weakening demand environment. Lower output usually follows this development.

0

14

43

Chris Williamson

@WilliamsonChris

6 years

Falling PMIs for services, manufacturing and construction means UK economic growth likely stalled in January. The latest reading is the lowest since December 2012 with the sole exception of July 2016 #BoE #GDP #GBP

5

36

Chris Williamson

@WilliamsonChris

5 years

#Germany factory orders down 8.6% on a year ago in May, steepest decline since October 2009. #PMI has turned a corner though, suggesting downturn could start to ease in coming months, but much depends on trade war develpments, which remains the biggest concern among manufacturers

1

38

39

Chris Williamson

@WilliamsonChris

2 years

#Eurozone flash #PMI down from 52.0 in June to 49.4 in July. Signals a contraction of business output for the first time since February 2021. Excluding pandemic lockdowns, July’s contraction is the first since June 2013, indicative of the economy contracting at a 0.1% q/q rate.

2

21

39

Chris Williamson

@WilliamsonChris

5 years

Fascinating chart on global #PMI and collective policy interest rate changes in the US, Eurozone, Japan and UK. Hints that policy was tightened too much post-2016, preventing the global economy from gaining sufficient momentum. Looser policy now prescribed. #FOMC #ECB #BOE #BOJ

1

41

36

Chris Williamson

@WilliamsonChris

5 years

The December eurozone malaise was led by sharpest fall in manufacturing output for over 7 years, down for 11th straight month. Manufacturers cut jobs at increased rate in the face of falling demand, culling headcounts to greatest extent since Oct 2012.

0

33

40

Chris Williamson

@WilliamsonChris

5 years

UK economy in worst spell since 2009 as all-sector #PMI signals further contraction. PMI rose from 48.8 in Sep to 49.5 in Oct, but declines have now been recorded in four of the past five months 1/

4

32

33

Chris Williamson

@WilliamsonChris

9 months

Something to keep an eye on re. #inflation , higher #shipping costs are feeding through to higher manufacturing prices, according to purchasing managers worldwide, amid disruptions to Panama Canal and Red Sea/Suez routes. More at

3

24

38

Chris Williamson

@WilliamsonChris

2 years

US consumer price #inflation down to 6.5% in December, with @SPGlobalPMI signalling further (marked) cooling to come.

2

18

36

Chris Williamson

@WilliamsonChris

4 years

A reminder, don't look at the headline #PMI for #manufacturing as a guide to factory production (as this gauge includes supplier delivery times and inventory sub-indices, which will boost the PMI). Look instead at the output index .

2

9

35

Chris Williamson

@WilliamsonChris

2 years

Supplier delivery times shortened in #Germany to the greatest extent on record in February, according to flash #PMI data, marking a major reversal of the pandemic supply chain constraints and boding well for industrial prices pressures to cool sharply. #supplychains

1

9

36

Chris Williamson

@WilliamsonChris

3 years

Surging inflation (now forecast to exceed 7% soon) prompts Bank of England #BOE to hike interest rates for second successive month in January. But growth forecasts are revised down. Reflects the worrying picture of soaring prices but sluggish business activity painted by the PMI.

4

19

36

Chris Williamson

@WilliamsonChris

3 years

In fact the UK doesn't look likely to regain its pre-pandemic GDP level until the third quarter of 2022, and that assumes no major hit from Omicron. Of the major economies only Spain – hugely dependent on tourism - is seeing a more protracted recovery than the UK.

3

12

33

Chris Williamson

@WilliamsonChris

7 years

Once again, there was a major divergence in ISM and IHS Markit PMI US #manufacturing surveys in September

4

24

32

Chris Williamson

@WilliamsonChris

8 months

US flash #PMI for February: sustained growth as manufacturing rebounds, accompanied by subdued inflation pressures

1

15

34

Chris Williamson

@WilliamsonChris

6 years

Global #Manufacturing #PMI at 2½ year low in January. 11 out of 30 countries in decline include China and Germany, while US rises to 2nd place in global rankings. US resilience contrast with stagnation of factory output in the rest of the world. More at

0

27

33

Chris Williamson

@WilliamsonChris

1 year

Across the board expansions in the four largest developed economies in April, according to flash #PMI data from @SPGlobalPMI , with growth accelerating in the US, UK and Eurozone while remaining solid in Japan

2

17

33

Chris Williamson

@WilliamsonChris

7 years

UK PMI surveys showed slowing growth & a sharp slide in business confidence in June (one of biggest one-month falls on record)

4

43

29

Chris Williamson

@WilliamsonChris

2 years

Disappointing #manufacturing #PMI data out of #China this morning, with output falling again after 3 months of gains

1

12

30

Chris Williamson

@WilliamsonChris

3 years

@SimonWierny Careful which numbers you use. The output index from the UK PMI is signaling barely any production growth at the moment (the 'booming' headline PMI is only that high because of longer supplier delivery times - usually a sign of good times but presently reflecting a supply shock)

0

16

29

Chris Williamson

@WilliamsonChris

5 years

UK skirting with recession: #GDP down 0.2% in second quarter (1st decline since 2012) and #PMI says we can so far expect stagnation in third quarter. May see some stock-piling boost in lead up to Oct31st but this - like the 0.5% rise in Q1 - would be a false sign of health

1

27

28

Chris Williamson

@WilliamsonChris

2 years

Supply chains are healing, with improved supplier performance even being reported in the US and Germany in November according to the flash @SPGlobalPMI surveys

1

9

28

Chris Williamson

@WilliamsonChris

9 months

Having been cutting input buying sharply since Aug'22, factories around the world are now also cutting payroll numbers at a rate not seen since the global financial crisis barring only the early pandemic months #employment #manufacturing #PMI

1

12

30

Chris Williamson

@WilliamsonChris

1 year

US CPI #inflation down to 3.0% in June - following the trend signalled in advance by the @SPGlobalPMI input prices index. Further fall to 2% looking harder to attain but watch out for flash PMI data for July due on 24th for an update. #FOMC

2

13

31

Chris Williamson

@WilliamsonChris

1 year

One upside is that the collapse in demand witnessed by the UK #PMI surveys in August has squeezed pricing power, pulling inflation pressures lower to suggest #CPI inflation will be running below 4% by the turn of the year

0

7

29

Chris Williamson

@WilliamsonChris

2 years

Detailed US #PMI data from @SPGlobalPMI reveals a broad-based worsening of the economy but an especially steep downturn in financial services activity, in turn linked to tightening financial conditions (notably higher interest rates)

1

15

29

Chris Williamson

@WilliamsonChris

5 years

@IHSMarkitPMI Update: a slide in the @IHSMarkit US flash PMI in May sends a strongly negative signal for corporate earnings. Our S&P500 EPS indicator has fallen to its lowest since February 2009

0

16

28

Chris Williamson

@WilliamsonChris

2 years

Forward-looking indicators such as the orders-inventory ratio signal worse is to come for US #manufacturing in August

1

10

29

Chris Williamson

@WilliamsonChris

2 years

Is eurozone #inflation peaking? The recent easing of supply chain delays hints at industrial price pressures beginning to cool, according to flash @IHSMarkitPMI #PMI

0

16

28

Chris Williamson

@WilliamsonChris

2 years

Global #supply side constraints eased in May but still remain far higher than at any time prior to the pandemic (notably for materials),. which is therefore still limiting economic growth and pushing up prices

2

8

28

Chris Williamson

@WilliamsonChris

6 years

More disappointing numbers out of the euro area this morning with manufactiring output in #France down 2.2% on a year ago in November, following the weakened PMI signal. Output is running 0.5% below Q3 so far in Q4

1

29

Chris Williamson

@WilliamsonChris

3 years

Global economic growth slowed at the end of 2021 amid rising COVID-19 infection rates linked to #Omicron . However, at 54.3, the Global PMI signals above-trend annualised quarterly global GDP growth of approx. 3.5%.

1

14

27

Chris Williamson

@WilliamsonChris

2 years

UK #Inflation (CPI) rose from 7% to 9% in April, its highest for 40 years. The stronger than expected rise was in fact signalled ahead by the #PMI , which also hints at worse to come in May as companies look set to continue to pass higher costs on to customers

1

14

28

Chris Williamson

@WilliamsonChris

5 years

Ugly manufacturing numbers for #Germany , as output sinks 1.8% (6.0% below a year ago) in June. Otput was down 1.8% in second quarter (worst quarter since Q4 2012). The steep decline is in line with our @IHSMarkitPMI , which suggests things got even worse in July

2

25

27

Chris Williamson

@WilliamsonChris

5 years

US consumer prices up 1.8% on a year ago in May down from 2.0% rate of increase seen in April. Tracked here against @IHSMarkitPMI US input price index, which hints strongly at further downward pressure in coming months

1

16

26

Chris Williamson

@WilliamsonChris

5 years

@FraserNelson Note that this index measures month-on-month changes. So suppose every business closed in Feb and stayed closed in March... that would still be a reading of 50 (which indicates no change on prior month). You have to run a LOT higher than 50 to recover the output lost in February.

1

3

25

Chris Williamson

@WilliamsonChris

5 years

UK flash #PMI up to 16-month high in January signalling post-election rebound. #GDP signal is now +0.2% q/q after a stagnant fourth quarter. #GBP #BOE

1

25

22

Chris Williamson

@WilliamsonChris

5 years

US manufacturing PMIs from #ISM and @IHSMarkit compared with official (Fed) production data. ISM appears to have overstated growth in 2016-18 and now likely overstating weakness.

1

15

23

Chris Williamson

@WilliamsonChris

8 years

The UK all-sector #PMI hit a 17-month high in Dec, signalling +0.5% GDP in Q4. Faster growth seen in services, manufacturing & construction

2

33

22

Chris Williamson

@WilliamsonChris

5 years

UK recession risks rise as #PMI surveys slip into contraction territory in August. All-sector PMI falls to 49.7, consistent with #GDP decline of 0.1% in Q3 so far. #GBP

3

30

22

Chris Williamson

@WilliamsonChris

2 years

@CASporleder @economics This chart underscores the role that supply is now doing the heavy lifting in driving global goods price inflation higher. Demand is not the issue (so a message there for central banks too!)

0

12

26

Chris Williamson

@WilliamsonChris

11 months

Eurozone inflation fell to 2.9% in October, bang in line with the advance signal from the #PMI . At its current level, the PMI points to inflation down to 2% #ECB target in early 2024

0

11

25

Chris Williamson

@WilliamsonChris

5 years

UK factories struggle as Brexit stock build impact unwinds: IHS Markit/CIPS manufacturing #PMI fell from 53.1 in April to 49.4 in May, below the 50.0 ‘no change’ level for the first time since July 2016. Q1 boost to economy will reverse/fade in Q2 1/3

2

29

25

Chris Williamson

@WilliamsonChris

6 years

Global #manufacturing #PMI slips to 27-month low as business conditions worsen in one-in-three countries. Read more here

0

26

24

Chris Williamson

@WilliamsonChris

6 years

Industrial production in #Germany is running 1.8% below Q3 so far in Q4, with #manufacturing output down 1.4%. Bodes ill for Q4 GDP and even worse than the disappointing #PMI numbers

1

20

25

Chris Williamson

@WilliamsonChris

2 years

A more consistent picture of weakness in the US service sector is now appearing after some wild swings in the #ISM non-manufacturing survey data...

3

16

23

Chris Williamson

@WilliamsonChris

2 years

Via the global #PMI surveys, we are seeing a major easing of #supply shortages relative to 2021 peaks. Here are some examples, based on 1=long-run average. So shortages still more prevalent than pre-pandemic, but markedly less so than in 2021 barring some outliers - notably food

0

12

24

Chris Williamson

@WilliamsonChris

2 years

Worse is to come as new orders are now falling again, so a Q3 US #GDP decline is on the cards

0

15

24

Chris Williamson

@WilliamsonChris

3 years

UK CPI #inflation up to decade high of 4.2% in October with #PMI data on firms' input costs suggesting it has further to rise in coming months. CPI confirmation of the worrying PMI signals adds to #BoE December rate hike odds

1

10

23

Chris Williamson

@WilliamsonChris

7 years

#PMI at 4-month high of 56.9 signals another strong month for UK #manufacturing , with solid domestic & export sales

2

40

22

Chris Williamson

@WilliamsonChris

2 years

Eurozone flash #PMI rises to 55.8 from 54.9 in March, defying consensus expectations of a slowdown. Broadly indicative of GDP rising at a solid quarterly rate of just under 0.7%.

1

13

24

Chris Williamson

@WilliamsonChris

2 years

Flash #PMI data to be published next week will reveal the extent to which policymakers in the major developed economies are juggling recession risks against the the need to continue to battle elevated #inflation pressures. More at

1

12

22

Chris Williamson

@WilliamsonChris

5 years

UK job market cooling: no. of people in employment down by 56,000 in 3 months to Aug, biggest fall since the spring of 2015. Surveys indicate the rate of job losses likely accelerated in Sept. The PMI showed headcounts being cut at fastest rate since 2009. REC survye also -ve 1/

4

16

23

Chris Williamson

@WilliamsonChris

5 years

September UK #PMI surveys indicated the second-largest monthly fall in business activity since the global financial crisis, pointing to a second successive quarterly drop in #GDP 1/

1

10

22

Chris Williamson

@WilliamsonChris

5 years

Global economy ends 2019 on brighter note as #PMI hits eight-month high

1

20

23

Chris Williamson

@WilliamsonChris

2 years

US consumer price #inflation accelerated to 4-decade high of 9.1% in June from 8.6% in May, but @SPGlobalPMI data anticipated this and has since shown companies' cost growth has started to cool, which should soon feed through to lower #CPI readings

1

14

22

Chris Williamson

@WilliamsonChris

8 years

In a rare occurence, gauged by composite (manufacturing & services PMIs), the #euro zone is now the fastest growing major developed economy

1

42

22

Chris Williamson

@WilliamsonChris

5 years

@Skizzo1984 @fwred @IHSMarkitPMI Longer delivery times are usually a good thing (firms are busier due to strong demand) so it acts in a positive direction to raise the PMI. However, current longer delivery delays are a symptom of supply shock. So still boosting PMI but means a false signal of health

1

13

23

Chris Williamson

@WilliamsonChris

4 years

UK flash #PMI down sharply from 59.1 to 55.7 in September, signalling a big loss of growth momentum. Read more:

3

14

21

Chris Williamson

@WilliamsonChris

5 years

Global Manufacturing PMI fell to 49.3 in July, lowest since October 2012 and indicating a third successive deterioration of business conditions. The number of countries now in decline has increased to 19 out of 30 which is the highest since August 2012 1/

2

18

21

Chris Williamson

@WilliamsonChris

2 years

Global growth inches higher in May as loosened COVID restrictions boost demand for services and downturns ease in China and Russia #PMI

1

8

23

Chris Williamson

@WilliamsonChris

5 years

US #manufacturing output + 0.2% in May but still 0.6% BELOW Q1 so far in Q2. We will need to see a 1.6% surge in June to avoid manufacturing contracting for a second consecutive quarter (i.e. a technical recession for the factory sector). June flash #PMI out next Friday!

1

18

23

Chris Williamson

@WilliamsonChris

2 years

To put the latest #PMI output indicators in perspective, excluding pandemic lockdowns, the last time developed world output was falling at this rate was in 2012. Future output expectation gauges suggest worse is to come

0

15

22