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Markit Economics 2009
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Please find below commentaries from Markit economists.
December
UK: Claimant count drop is latest sign of improving job market
16 December 2009
Spanish consumer prices rose in November due to energy base effects
15 December 2009
Deflationary pressures mount in Japan, but elsewhere companies seek to offset rising costs
10 December 2009
Japan slashes GDP estimate for Q3
10 December 2009
Global markets rally as risk appetite returns, but concerns grow regarding government finances
10 December 2009
Earlier than anticipated turnaround in worldwide labour markets, but recovery likely to be slow
9 December 2009
Spanish unemployment rate twice the Eurozone average
8 December 2009
Sectors: Manufacturers head EU productivity table
7 December 2009
Global business outlook improves, led by BRICs and US
4 December 2009
UK PMI data signal continuation of robust economic expansion in November
3 December 2009
Global GDP growth shows further signs of peaking
3 December 2009
Polish GDP growth stronger than expected in Q3, as signalled by PMI data
2 December 2009
Eurozone manufacturing recovery still led by France and Germany
1 December 2009
Manufacturing growth in Asia falls further from peak in November, but national divergences widen
1 December 2009
UK manufacturing upturn reflects rising consumer spending and restocking, but business investment remains subdued
1 December 2009
November
German corporate rebound contrasts with weak retail and consumer spending
27 November 2009
Eurozone growth accelerates in November, but recovery looks fragile
23 November 2009
Markit/YouGov HFI: Inflation expectations continued to rise
23 November 2009
Markit/YouGov HFI: Housing market shows further recovery in November
23 November 2009
Markit/YouGov HFI: Future income expectations rise and job security fears ease
23 November 2009
Markit/YouGov HFI: Demand for unsecured credit increased in November
23 November 2009
Spain remains mired in recession
20 November 2009
Polish industrial output better than expected in October
19 November 2009
Russian industrial contraction gathered pace in October, following PMI’s decline
18 November 2009
Japan's economy expanded at the strongest rate for two years in Q3
17 November 2009
Large enterprises lead Eurozone out of recession
16 November 2009
Eurozone emerges from recession in Q3
13 November 2009
Supply chain delays boost global commodity prices
12 November 2009
Global GDP growth picked up in October, but signs appear of peak in rate of expansion
12 November 2009
Broad trend remains towards stabilisation in global labour markets, despite latest disappointment in US payrolls
12 November 2009
Smallest rise in UK unemployment for 16 months and net gain in jobs suggests labour market is turning
11 November 2009
EU sectors: Growth returns to all major industry groups in October
6 November 2009
Eastern European recovery suffers lack of momentum
5 November 2009
UK: services provides the key to survey and GDP divergence in Q3
4 November 2009
Large companies lead UK upturn, but smaller firms also see return to growth
4 November 2009
UK manufacturing entered Q4 on stronger-than-expected footing
2 November 2009
October
Polish PMI signalled robust industrial recovery in Q3
20 October 2009
Overall debt levels in UK households fall for a second successive month, despite continued rise in demand for unsecured lending
16 October 2009
UK households perceived house prices to have risen again in October, and retained positive outlook for year ahead
16 October 2009
Higher workplace activity boosts UK households' take-home pay
16 October 2009
UK households perceived price inflation to have eased further, although inflation expectations remained strong
16 October 2009
Global economic forecasts revised up
12 October 2009
UK marketing budgets fall again in Q3, but rate of decline eases sharply
12 October 2009
Developed world employment may stabilise by year end, but high unemployment looks set to persist
10 October 2009
Eurozone Manufacturing PMI signals rise in industrial production, backed up by official data
9 October 2009
Global pipeline inflationary pressures growing
9 October 2009
Credit markets volatile amid mixed economic data, but PMIs raise hopes for corporate earnings
8 October 2009
Global GDP rebound remained on track in Q3
7 October 2009
EU sectors: Basic materials and consumer goods lead manufacturing upturn, while financial services and healthcare drive services growth
7 October 2009
EU financial sector provides clues to future trends in the wider economy
7 October 2009
Basic materials remained fastest growing EU industry group in September
7 October 2009
EU autos & parts sector reports fastest growth of output for one-and-a-half years
7 October 2009
Emerging markets set to lead global economic recovery, says HSBC index
6 October 2009
PMI data indicate that UK recession ended in Q3
5 October 2009
September
Eurozone Flash PMI signals further gain in momentum during Q3 and into Q4, but upturn characterized by cost cutting and price discounting
23 September 2009
Rise in activity at work supports UK household income levels
18 September 2009
UK households perceive property price rise in September and outlook for year ahead brightens
18 September 2009
UK households’ demand for secured debt rises in September, although availability and conditions of credit continued to tighten
18 September 2009
Polish manufacturing PMI’s rise confirmed by official data
17 September 2009
French industrial production continued to grow in July
11 September 2009
Portraits of a global recession and recovery
11 September 2009
Global labour market shows early turning point
09 September 2009
Global manufacturing input prices rise in August, led by US and China
09 September 2009
EU sectors: Rebound became more broad-based in August
07 September 2009
EU basic materials industry showed strong rise in output
07 September 2009
EU financial sector activity fell in August, led by banks
07 September 2009
EU autos production rose further in August
07 September 2009
Global GDP forecasts cautiously revised up
07 September 2009
Global economy set to return to growth in Q3
04 September 2009
New PMI survey showed fastest expansion of Indian service sector output for nearly a year in August
03 September 2009
All-Sector UK PMI hits 18-month high; increases possibility of GDP growth in Q3
03 September 2009
New PMI survey points to strong growth of China’s private sector
03 September 2009
Polish economic growth maintained in Q2, good prospects for Q3
01 September 2009
Global manufacturing rebound gathers pace in August, with further expansion likely
01 September 2009
August
UK household finances weaken amid falling incomes and rising debt, but outlook continues to improve
21 August 2009
EU basic materials industry showed marked rebound in July
19 August 2009
Russia: pace of industrial decline eased in July
18 August 2009
Bewildering global GDP trends
17 August 2009
Record annual drop in Czech GDP during Q2, but PMI signals impending recovery
14 August 2009
German manufacturing revival indicated in advance by PMI data
11 August 2009
Marked national variations in credit conditions
11 August 2009
Optimism builds among European and emerging market manufacturers
10 August 2009
Global employment falls sharply again in July, but pace of job losses eases
10 August 2009
China and Japan see manufacturing surge
10 August 2009
Ten EU sectors showed activity growth in July
07 August 2009
Global economy remains on recovery trend
05 August 2009
Global supply chain price pressures on the rise
04 August 2009
Rebound in PMI data raise hopes for upturns in consumer spending and business investment within Eurozone manufacturing
03 August 2009
July
UK recession continued in Q2, but rate of decline slowed
24 July 2009
Polish production figures follow signal provided by PMI data
21 July 2009
UK HFI survey shows that household demand for unsecured loans increased again, but credit availability and conditions worsened
17 July 2009
UK house prices expected to rise over coming year
17 July 2009
Job insecurity and falling incomes remain key worries for UK households
17 July 2009
UK households recorded further rise in average prices in July. Higher rates of inflation foretold.
17 July 2009
Growth of Chinese GDP accelerated in Q2
16 July 2009
Record rise in UK unemployment, but evidence from recruitment sector suggests pace of job losses may be set to ease
15 July 2009
World-wide manufacturing prices fall at sharply reduced pace
09 July 2009
EU Autos sector boosted by scrapping incentives
08 July 2009
EU sectors: Winners and losers
08 July 2009
Global economy moved closer to recovery in Q2 2009
07 July 2009
Worldwide employment showed smallest fall for eight months in June
07 July 2009
All-Sector UK PMI rises further above 50.0 no-change level in June, well above Eurozone neighbours
03 July 2009
Eastern European manufacturing shows signs of stabilising
03 July 2009
UK construction PMI data add to housing market recovery hopes, but also highlight fragility of market
02 July 2009
PMI data are consistent with an easing in Eurozone manufacturing output contraction as we move into Q3, but member states see different trends
01 July 2009
PMI signals rise in UK manufacturing output in June, contrasting with further falls in all main Eurozone countries
01 July 2009
World-wide improvements in manufacturing PMIs
01 July 2009
June
Upturn in Japanese manufacturing signalled in advance by PMI data
30 June 2009
Brazil entered recession in Q1, tracking PMI data
18 June 2009
Russian PMIs provide some positive signs amid bleak official data
17 June 2009
UK unemployment increasing at slower pace, in line with survey data
17 June 2009
Both PMI and official data show Japanese manufacturing output falling at a slower rate as improvement in export demand gathers momentum
11 June 2009
Global: attention shifts from spotting the turning point to mapping the recovery
11 June 2009
Rise in official UK manufacturing output data supports PMI message of possible GDP increase in Q2. Larger companies lead the upturn.
11 June 2009
China's manufacturing sector expands amid evidence of 'decoupling'
10 June 2009
Global: PMIs signalling turning point in global economic cycle, with emerging Asia leading upturn
10 June 2009
Germany: PMIs suggest we shouldn’t be too disheartened by April’s industrial production figures
10 June 2009
Manufacturing downturn easing in France
10 June 2009
EU sector PMIs show further broad-based improvement
08 June 2009
UK All-Sector PMI signals growth for first time in 14 months in May
03 June 2009
Record rise in Construction PMI Housing Index in May points to turning point in UK housing market
02 June 2009
May
Germany: signs that the worst of the recession could be over
21 May 2009
Eurozone: comparing PMI and official economic growth data
21 May 2009
Record GDP drop re-affirms severity of Japan’s recession
20 May 2009
EU/BRIC: demand for credit finance rises, but availability and terms worsen
18 May 2009
Unprecedented contraction of Eurozone economy during Q1
15 May 2009
Global: supplier delivery times hold key to future price trends
15 May 2009
Global recession intensified in Q1
15 May 2009
Italian GDP contracted at record pace in Q1
15 May 2009
French economy contracted 1.2% q/q in Q1
15 May 2009
Job shedding may have peaked in the US and UK, but process remains more gradual in the Eurozone
14 May 2009
Spanish recession intensified in Q1
14 May 2009
Eurozone manufacturing saw record contraction of output in February
14 May 2009
Sentiment improves among service providers in EU and BRIC
13 May 2009
Czech PMI accurately signalled weaker March fall in output
12 May 2009
EU sector PMIs: widespread softening of recession in April
08 May 2009
Global manufacturing sees record easing in rate of contraction in April
06 May 2009
April
Spanish unemployment breaks through the 4m barrier
24 2009
UK labour market: Jobless total climbs to twelve-year high
23 2009
Poland: PMI correctly anticipated the easing in the rate of contraction in March
21 April 2009
US industrial output fell 1.5% in March to cap dismal Q1
20 April 2009
Japan: Manufacturing PMI vs BoJ Tankan
20 April 2009
Russian PMI data point to slower manufacturing decline in March
18 April 2009
Eurozone industrial production fell at fastest annual rate in EMU history
16 April 2009
Chinese economy expanded at slowest pace since quarterly GDP were first released in 1992
16 April 2009
Czech official output remained bleak but PMI suggests worst is over
16 April 2009
Turkey: record plunge in February output, but PMI suggests worst is over
9 April 2009
Labour market weakness will delay any return to growth for developed economies
8 April 2009
EU sector PMIs show broad-based easing of downturn in March
8 April 2009
Record job losses as global recession continued in March
3 April 2009
Slowest contraction of UK services economy since September 2008, but job shedding accelerates to new record
3 April 2009
PMIs point to broad-based easing in Global manufacturing downturn
1 April 2009
March
UK unemployment hits two million, set to rise much further
19 March 2009
Russian industrial production continued to fall sharply
18 March 2009
German industrial production suffers record drop in January
16 March 2009
Eurozone retail sales worse than expected in January
13 March 2009
Brazil’s immunity to the global economic crisis ceases, as GDP drops by the greatest extent since the current series began in 1996
12 March 2009
Turkish industrial production collapsed in January
12 March 2009
Official data indicated that severity of recession in UK manufacturing sector deepened in January, and the PMI suggests weakness will persist
10 March 2009
Sector data highlight breadth of EU downturn
9 March 2009
Eurozone may see sharper contraction than the UK in 2009
6 March 2009
Signs of returning confidence appear
6 March 2009
Large companies lead jobs downturn in UK
4 March 2009
Collapse in export demand fuels unprecedented drop in manufacturing output, adding to Japan’s recession woes in January
2 March 2009
Japan on the verge of deflation
2 March 2009
February
Flash Eurozone PMI data point to worsening GDP and employment trends in February
20 February 2009
Eastern European manufacturing has further to fall
20 February 2009
Record fall in Russian industrial production in January prompts alarming downward revision to 2009 GDP forecast
18 February 2009
Italian IP slumped at fastest pace on record during December
16 February 2009
Italian economy shrank at fastest pace in at least 28 years during Q4
16 February 2009
French GDP fell at fastest pace for at least 30 years in 2008 Q4
16 February 2009
Markit credit survey shows rising demand for credit at manufacturers in most European and key emerging markets
16 February 2009
Recession in Germany deepens as GDP contracts at record rate in Q4
16 February 2009
Czech industrial production continued to fall at double-digit pace in December, as signalled by PMI data
16 February 2009
Japan’s economy shrank at the fastest pace in over three decades in Q4
16 February 2009
Japanese service sector economy contracted at sharpest pace in over a decade, in line with newly-launched PMI data
16 February 2009
Russian growth faltered in Q4; PMI-based GDP Indicator signalling contraction at start of 2009
13 February 2009
Eurozone economy contracted sharply in Q4
13 February 2009
Spanish recession confirmed in Q4
12 February 2009
Eurozone industrial production falls at double-digit rate in December
12 February 2009
French industrial production fell further in December, but PMI data hint at stabilisation in pace of decline at the start of 2009
11 February 2009
UK unemployment jumps to 1.97 million, set to rise further
11 February 2009
PMIs signal need for 50bp cut in Eurozone rates in March
05 February 2009
No surprise in rate decision, but BoE likely to make greater use of unorthodox policy going forward
05 February 2009
New services PMI points to broad-based deepening of Japanese recession
04 February 2009
January PMI data point to unprecedented downturn in Japanese manufacturing
02 February 2009
January
PMI data point towards official contraction of UK construction sector in Q4
27 January 2009
Eurozone unemployment rising sharply
27 January 2009
Chinese economy expanded at weakest pace for seven years in Q4
23 January 2009
UK confirmed in recession as breakdown of GDP data chimes with PMI trends
23 January 2009
UK unemployment approaches 2 million as job market continues to weaken
22 January 2009
PMI data indicate that plunge in German PPI will continue in early-2009
22 January 2009
Polish industrial output fell sharply in December, as flagged ahead by PMI
21 January 2009
Sharp drop in Italian new orders in line with manufacturing PMI data
21 January 2009
The shadow of deflation looms heavy over Japan
20 January 2009
Turkish industrial production dropped sharply in line with weak PMI numbers
19 January 2009
Spanish CDS spread widens as economy suffers
16 January 2009
Japan’s exports plunged at record pace in November, as signposted by PMI
15 January 2009
PMIs suggest euro area industrial decline approaching double-digits in December
15 January 2009
Rate cut to support economy in 2009, but ECB staff projections still at risk
15 January 2009
Preliminary German GDP figures chime with extreme weakness shown by PMIs
14 January 2009
Official data confirm steepest annual decline in industrial production since at least 1990, but PMI
14 January 2009
German industrial performance edges closer to worst on record in December
13 January 2009
PMI data signal deflation of Spanish producer prices
13 January 2009
Japanese industrial production plummeted in November
13 January 2009
Slump in French industrial production continued in November
12 January 2009
Weak global economic conditions behind plunge in German exports
9 January 2009
Spanish industrial production plunges in line with PMI data
9 January 2009
Drop in UK manufacturing production in line with PMI data
9 January 2009
Automobiles & Parts suffer steepest downturn of all EU sectors in December
8 January 2009
UK interest rates cut to record low, justified by weak data
8 January 2009
PMI data point to deepening UK recession. Outlook for 2009 extremely bleak
8 January 2009
PMIs show contraction of Russian economy in December (pdf)
01 January 2009
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