PMI

In the World 5th March 2026

Positive reading from China’s private activity register, although official figures show slight deterioration

Bankinter | Positive activity data in February, deepening in the expansion zone (>50). RatingDog Composite PMI: 51.6 against 51.3 previously; RatingDog Services PMI: 56.7 against 52.3 expected and 52.3 previously. RatingDog Manufacturing PMI: 52.1 against 50.1 expected and 50.3 previously. Bankinter analysis team’s view: Positive reading of the private activity register (RatingDog), although it contrasts with the official figures also released on Wednesday, which show a slight deterioration: Manufacturing PMI…

In the World 2nd December 2025

China’s manufacturing PMI rises to 49.2 points in November, in line with expectations

Link Securities | China’s official manufacturing purchasing managers’ index, the manufacturing PMI, rose slightly in November to 49.2 points, from 49.0 points the previous month, in line with analysts’ consensus expectations. We note that a reading above 50 points indicates expansion of activity compared to the previous month, while a reading below that level indicates contraction. The underlying components showed an improvement, with production turning neutral. Meanwhile, declines in new…

In the World 3rd November 2025

China’s manufacturing PMI declines in October due to slower growth in new orders from foreign sector

Bankinter | The Manufacturing PMI (RatingDog) declines in October. It stands at 50.6 vs. 51.2 previously and 50.8 estimated. Since August 2025, the Caixin PMI has changed its name to the RatingDog PMI. The universe of companies surveyed by RatingDog (650 companies in total) is more focused on private companies of different sectors and sizes, weighted by their contribution to GDP. The Chinese government’s official PMI focuses on state-owned enterprises…

Spanish economy 2nd September 2023

Spanish manufacturing PMI falls to lowest level of the year, 46.5 from 47.8 in previous month

CdM | Activity in the Spanish manufacturing sector deteriorated in August for the fifth consecutive month and has fallen to its lowest level so far this year, according to the PMI index, which has fallen to 46.5 points from 47.8 points in the previous month, according to the survey by S&P Global and Hamburg Commercial Bank, which has just been reported by Europa Press. The fall in the index in…

In the World, World economy 2nd June 2023

China manufacturing PMI unexpectedly rises to 50.9 in May from 49.5 in April

Link Securities| China’s advance manufacturing activity index, the manufacturing PMI compiled by media group Caixin unexpectedly rose to 50.9 in May from 49.5 in April. The FactSet consensus of analysts had expected a lower reading of 49.4. An index reading above 50 points indicates expansion in activity from the previous month, while a reading below that level indicates contraction in activity. Production increased at its fastest pace in eleven months,…

Relevant News Item 10th May 2023

Harsh blow for European industrial sector: Eurozone services/manufacturing PMI gap returns to all-time highs

Santander Corporate & Investment: China’s imports plunged almost 8% (-0.3%e) in April, consolidating doubts about the evolution of the global manufacturing sector. And, for example, the services/manufacturing PMI gap in the Eurozone has recently returned to record highs. This is a harsh blow for a European industrial sector that: (1) was expected to benefit from China’s reopening, (2) is already trading at pre-war lows a few months before autumn (albeit…

In the World, World economy 24th April 2023

US composite PMI rises more than expected (53.5) as both services and manufacturing improve

BancaMarch : In the US, business confidence data was also released and in this case was positive as confidence in both services and manufacturing improved. Notably, the composite PMI rose more than expected to 53.5 from 52.3 and well above the expected 51.2. At the sectoral level, the improvement came both on the services side, with the confidence indicator rising to 53.5 from 52.3, and on the manufacturing side, which…

European economy, In Europe, Markets 24th April 2023

Surprise bounce in services flash PMIs in France and Germany means new dilemma for ECB

Santander Corporate & Investment’s flash services PMIs released this morning will once again be a headache for the ECB, as they show an unexpectedly strong rebound in France at a delicate time of rallies (56.3, 53.5e, 53.9p). But also in Germany (55.7, 53.4e, 53.7p). And at a time when services inflation remains one of the real workhorses as our economists recalled after the release of the final March figure a…

In Spain, Spanish economy 4th April 2023

Spain’s manufacturing PMI rises to 51.3 from 50.7 in February, fastest pace since June 2022

CdM | Growth in Spain’s manufacturing sector accelerated in March for the second month in a row and reached its fastest pace of expansion since June 2022, with a reading of 51.3 points versus 50.7 in February, according to S&P Global Market Intelligence. A key element was growth in the order backlog, following a nine-month sequence of declines, although the same trend was not seen with respect to external demand,…

In the World, World economy 3rd April 2023

China’s March manufacturing PMI stands at 51.9 (52.6 previous), services PMI rises to 58.2 (56.3 previous)

Link Securities | China’s official advance manufacturing activity index, the manufacturing PMI, came in at 51.9 in March, above the 51.6 expected by the analysts’ consensus, although it was below the 52.6 of the previous month. We recall that a reading above 50 points indicates expansion of activity from the previous month, while a reading below that level indicates contraction of activity. Most components decelerated after February, although production, new…

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