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Purchasing Managers Index

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PMI Data Point to Sharp Slowdown in UK Economy Following Brexit Vote

Wall Street Journal - ‎Jul 22, 2016‎
The U.K. economy likely contracted in July as businesses responded to the uncertainty created by a vote to leave the European Union by cutting output and payrolls, according to a survey of purchasing managers at manufacturers and service providers.
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Business index shows UK economy shrinking fast after Brexit vote

Irish Times - ‎Jul 22, 2016‎
An early edition of Markit's purchasing managers' indices (PMI) showed the services sector - one of the few drivers of British economic growth - has been hit especially hard by the vote to leave the European Union, with orders plunging and confidence ...

Pound hit hard as UK data signal more weakness

Financial Times - ‎Jul 22, 2016‎
“The composite PMI is now at a level that points, on the basis of past experience, to the Monetary Policy Committee cutting interest rates by 50 basis points,” said Ruth Gregory at Capital Economics.

Sri Lanka Purchasing Managers' Index shows manufacturing upswing in June

Lanka Business Online - ‎Jul 17, 2016‎
July 18, 2016 (LBO) - Sri Lanka's manufacturing sector showed an upswing in June, after a slowdown in the previous two months, based on the Purchasing Managers' Index (PMI) released by the Central Bank. “The Manufacturing PMI recovered to the ...

China July official PMI likely to show factories struggling for traction ...

South China Morning Post - ‎15 hours ago‎
The manufacturing sector struggled for growth in July, a Reuters poll showed, adding to expectations that Beijing will step up measures to boost growth in the ...
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EconomyIndependent Chinese PMI gauge suspended indefinitely

Financial Times - ‎Jul 20, 2016‎
The China Academy of New Supply-side Economics, which co-produces the PMI with China Minsheng Bank, announced on its website today that that it was “indefinitely suspending publication” of the index tracking China's small and medium-sized ...

China July official PMI likely to show factories struggling for traction

Reuters - ‎Jul 27, 2016‎
The official manufacturing Purchasing Managers' Index (PMI) is expected to be 50.0 in July, the same as in June, according to the medium forecast of 23 analysts polled by Reuters.

Futures point higher to higher open after earnings, Wall Street awaits PMI

CNBC - ‎Jul 22, 2016‎
U.S. stock index futures indicated a higher open on Friday morning as investors await manufacturing PMI and corporate earnings.
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The service sector is growing at the weakest pace in 5 months

Business Insider - ‎Jul 26, 2016‎
Service-sector activity in July grew at the slowest pace in five months, according to Markit Economics' preliminary report. The flash services purchasing manager's index (PMI) for July came in at 50.9. Economists had forecast that it improved to 52 ...

France's Flash Services PMI Indicates Improved Economic Sentiment

Market Realist - ‎19 hours ago‎
According to a report provided by Markit Economics, France's Flash Services PMI (Purchasing Managers' Index) stood at 50.3 for July 2016 compared to 49.9 in June. It's above Market expectations of 49.5. A level above 50 indicates expansion in activity, ...
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Asian Currencies Strengthen Against Dollar on Uncertainty About Fed's Rate Path

Wall Street Journal - ‎3 hours ago‎
The first reading on second-quarter U.S. economic growth is due Friday and Monday is set to bring July manufacturing purchasing managers index data for China. Uncertainty about possible further BOJ easing measures and the size of government stimulus ...

Eurozone's Flash Services PMI Still Subdued: Will Sentiment Turn?

Market Realist - ‎19 hours ago‎
According to a report by Markit Economics, the Eurozone's Flash Services PMI (Purchasing Managers' Index) stood at 52.7 for July 2016 compared to 52.8 in the previous month. It's above Market expectations of 52.3. The services PMI remained subdued in ...
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S&P 500 trims decline after Fed statement

Financial Times - ‎12 hours ago‎
“The sharp fall in the flash purchasing managers' index in July has already been singled out by one Monetary Policy Committee member, Martin Weale, as making him more inclined to vote for more stimulus sooner rather than later.

Russia's Rusal H1 aluminium sales volumes rise 5 pct | Daily Mail ...

Daily Mail - ‎7 hours ago‎
July 28 (Reuters) - Russian aluminium giant Rusal on Thursday reported a 5 percent rise in half-year aluminium sales volumes from a year ago, mainly due to t...
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U.K.'s FTSE 100 Advances After PMI Plunge Spurs Stimulus Bets

Bloomberg - ‎Jul 22, 2016‎
The pound slid after Markit Economics data showed a Purchasing Managers' Index combining flash estimates of services and manufacturing slumped to a 2009 low of 47.7 in July, below the 50 level dividing expansion from contraction.

When it comes to debt, Charles Dickens offers good financial advice

Spectator.co.uk (blog) - ‎19 hours ago‎
I always feel sorry for Marley's ghost in Charles Dickens's 'A Christmas Carol.' He wore a heavy chain he had unknowingly forged in life.
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The British Economy Had a 'Last Hurrah' Before the Brexit Vote

Fortune - ‎16 hours ago‎
Markit's services Purchasing Managers' Index fell to 47.4 from 52.3 in June, suggesting that output is contracting faster than at any time since 2009.

UPDATE 2-Sterling gets no lift from better, but backward-looking, GDP data

Reuters UK - ‎17 hours ago‎
Sterling hit a two-week low on Tuesday after BoE policymaker Martin Weale said Friday's weak purchasing managers' index (PMI) surveys would be "very material" for the bank's next policy meeting. He had said last week that more evidence of economic ...
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Sterling gets no lift from better, but backward-looking, GDP data

Reuters UK - ‎17 hours ago‎
Sterling hit a two-week low on Tuesday after BoE policymaker Martin Weale said Friday's weak purchasing managers' index (PMI) surveys would be "very material" for the bank's next policy meeting. He had said last week that more evidence of economic ...
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