Recent Updates
- Malaysia: Motor Vehicle Sales (Apr)
- Malaysia: House Price Index by State (Q1)
- Macao: Visitor Arrivals (Apr)
- Turkey: Domestic Debt by Holder (APR)
- UK Regional: Northern Ireland: Mortgage Possession (Q1)
- more updates...
Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Louise Curley November 5, 2012
Final composite diffusion indexes of purchasing managers for October
are beginning to appear. Today, Ireland and the U. K. in Europe were
heard from, as well as from Japan, India and China in Asia.
Purchasing managers in Ireland were the most optimistic. The
composite diffusion index for the Irish purchasing managers showed the
sharpest increase over September, about 2.5 percentage points and is now
more than 5 percentage points over the 50 mark that represents
expansion. The indexes for India and China showed more
modest gains, 0.22 for India and 0.39 for China. As can be seen in
the attached graph, the index for India has been fluctuating narrowly around
53 while that of China has been fluctuating narrowly around the 50 mark.
Purchasing managers in the U. K. are forecasting a sizeable decline in activity. Their composite index shows a decline of 1.61 points, from 51.18 in September to 49. 57 in October. The composite index of purchasing manages in Japan is also below the 50 mark, but it rose 0.52 points from September to October.
The sampling of the opinions of purchasing managers released today are consistent with a cautious appraisal of the economic outlook
Purchasing Managers Index | ||
---|---|---|
Oct '12 | Sep '12 | |
United Kingdom | 49.57 | 51.18 |
Ireland | 55.55 | 53.01 |
Japan | 48.89 | 48.37 |
India | 53.55 | 53.33 |
China | 50.32 | 49.93 |