Chris Williamson
@chris-williamson
Posting from a personal capacity.
Fund manager risk appetite hits highest since January as earnings optimism builds www.pmi.spglobal.com/Public/Home/...
Japan is reporting the fastest manufacturing growth for 14 years, according to the PMI, but price pressures are also at a near-all-time high www.spglobal.com/market-intel...
Flash eurozone PMI signals growth revival in July (+0.3% q/q GDP signalled) alongside cooling price pressures, but recent events in the Middle East could set this improvement back. More at www.pmi.spglobal.com/Public/Home/...
German PMI climbs back into growth territory in July, driven by fastest expansion in manufacturing production for 4.5 years www.pmi.spglobal.com/Public/Home/...
May’s flash PMI survey data show the eurozone economy taking an increasingly severe toll from the war in the Middle East. Downturn deepens amid intensifying cost pressures. More at www.pmi.spglobal.com/Public/Home/...
Just released: UK consumer sentiment has fallen further in May as the rising cost of living eats into savings, job security worsens and households worry about rate hikes. Data collected 7–11 May. www.pmi.spglobal.com/Public/Home/...
Global PMI shows manufacturing prices rising sharply (fastest rate since June 2022) in April amid worsening supply chain delays as Middle East war impact intensifies www.spglobal.com/market-intel...
Next week sees the major central banks (US Fed, ECB, BoE, BoJ and BoC) set interest rates in what's looking increasingly like a stagflationary environment, as the war dampens growth while driving inflation sharply higher. Read more in my guide to the Week Ahead here www.spglobal.com/market-intel...
April's UK PMI survey has seen a major surge in price pressures, suggesting many forecasters may be underestimating the war's impact on inflation in the coming months. Full report at www.spglobal.com/market-intel...
Japan's manufacturers are suffering an inflationary supply shock almost on par with that seen at the start of the pandemic, according to April's flash PMI survey data. www.spglobal.com/market-intel...
UK consumer confidence slides in April to lowest since November 2023 as war stokes inflation fears www.pmi.spglobal.com/Public/Home/...
UK consumer confidence hits lowest since January 2025 amid outbreak of war in the Middle East "Financial outlook is now the gloomiest since the closing month of 2023." www.pmi.spglobal.com/Public/Home/...
US economic growth slowed sharply late last year, according to GDP data, which the PMI suggest will remain sluggish into February to hint at a weak Q1. Read the press release at www.pmi.spglobal.com/Public/Home/...
The German economy is showing further encouraging signs of life, according to today's flash PMI data for February, with a 44-month high for the Manufacturing PMI and further upturn in growth of the services economy. GDP on course for a 0.3% quarterly rise in Q1. www.pmi.spglobal.com/Public/Home/...
If only I'd had the internet as a kid... Turns out I'd guessed the vast majority of these lyrics incorrectly for a few decades...
UK GDP rose by a disappointingly meagre 0.1% in the fourth quarter. But that was in line with the signal from the PMI surveys (www.spglobal.com/marketintell...), which are sending a more encouraging picture for January. Next week's flash February data will be an important guide to Q1 performance.
Can't say it's not a surprise ...the flash PMI surveys for January are all now in, and look who's now reporting the strongest business growth ....
Signs of UK economic recovery gaining momentum at start of 2026 as flash PMI shows strongest upturn in business activity since April 2024 (but jobs continue to be lost) www.pmi.spglobal.com/Public/Home/...
UK #inflation down to 8-month low of 3.2%, cooling in line with the advance signal from the #PMI with further slowing signalled in the months ahead
UK inflation rose from 3.4% to 3.7% in June, and the official annual % change data may rise further in the next couple of months, but the forward-looking PMI data suggest the worst of the recent upturn in underlying price pressures has already started easing
US CPI inflation up from 2.4% to 2.7% in June with further rises to come in the months ahead according to the S&P Global PMI
PMI surveys indicate elevated US price growth as tariffs drive inflation differential with rest of world www.spglobal.com/marketintell...
Early 'flash' PMI data show US prices spiking higher in May amid tariff impact. Hints at potentially sizeable CPI rise. Full press release at www.pmi.spglobal.com/Public/Home/...
This week sees flash PMI data released on Thursday, which will supply markets with more detailed insights into economic trends in the face of changing global trade conditions among the major economies. Read more in our free-to-read preview of the week ahead: www.spglobal.com/marketintell...
V. interesting thread Chris. There's been so much distorting the economic data in recent years it's difficult to disentangle the factors at play. Certainly Q1 GDP (current price, NSA) has been showing an upward trend in recent years.
But before getting too excited about surging productivity, note that no such signal is apparent if GDP is replaced by the PMI output index, which points to a more normal output:employment ratio