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LIVE: Thousands Of Companies Around The World Reveal The Truth About The Economy
The world’s biggest economies are releasing their Januaryreports. This is our live scorecard.
Just a few hours in, there’s already a controversy. China’s official PMI unexpectedly fell, while its unofficial HSBC PMI jumped to a two-year high.
Economists warn that the data is noisy, especially considering the upcoming New Years’ holiday.
For now, markets are down modestly in China. But they’re off of their lows.
Later, we’ll get PMI reports out of Europe. Everyone will want to know if the continent’s manufacturing downturn is improving.
At the beginning of each month, Markit, HSBC, RBC, JP Morgan and several other major data gathering institutions publish the latest local readings of the manufacturing purchasing managers index (PMI) for countries around the world.
Each reading is based on surveys of hundreds of companies. Read more about it at Markit.
These are not the most closely followed data points. However, the power of the insights is unparalleled. Jim O’Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the world. BlackRock’s Russ Koesterich thinks it’s one of the most underrated indicators.
SCORECARD (All Time ET)
- 7:00 PM South Korea: HSBC Manufacturing PMI — 49.9, down from 50.1 in Dec.
- 7:30 PM Australia: AIG Manufacturing PMI — 40.2, down from 44.3
- 8:00 PM China: NBS Official PMI —50.4, down from 50.6
- 8:00 PM Netherlands: NEVI Manufacturing PMI — 50.2, up from 49.6
- 8:45 PM China: HSBC Manufacturing PMI —52.3, up from 51.5
- 9:00 PM Taiwan: HSBC Manufacturing PMI — 51.5, up from 50.6
- 9:00 PM Vietnam: HSBC Manufacturing PMI — 50.1, up from 49.3
- 10:00 PM Indonesia: HSBC Manufacturing PMI — 49.7, down from 50.7
- 12:00 AM India: HSBC Manufacturing PMI — 53.2, down from 54.7
- 12:00 AM Russia: HSBC Manufacturing PMI — 52.0, up from 50.0
- 2:00 AM Ireland: NCB Manufacturing PMI — 50.3, down from 51.4
- 3:00 AM Turkey: HSBC Manufacturing PMI
- 3:15 AM Spain: Markit Manufacturing PMI
- 3:45 AM Italy: Markit/ADACI Manufacturing PMI
- 3:50 AM France: Markit Manufacturing PMI
- 3:55 AM Germany: Markit/BME Manufacturing PMI
- 4:00 AM Eurozone Manufacturing PMI
- 4:00 AM Greece: Markit Manufacturing PMI
- 4:30 AM UK: Markit / CIPS Manufacturing PMI
- 5:00 AM Australia: AiG Manufacturing PMI
- 7:00 AM Brazil: HSBC Manufacturing PMI
- 9:00 AM US: Markit Manufacturing PMI
- 9:30 AM Canada: RBC Manufacturing PMI
- 10:30 AM Mexico: HSBC Manufacturing PMI
- 11:00 PM Global: JPMorgan Manufacturing PMI