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China's economy stumbled again in recent months with factory activity falling and foreign investment plunging 34%. China's closely watched purchasing managers' index (PMI) dropped to 49.5 in October, below the 50-point level that separates contraction from expansion. Manufacturing activity in Asia also slumped in October due to higher oil prices, rising costs, and weak global demand. In the US, factory activity hit a three-month low with the ISM Manufacturing PMI falling to 46.7 in October, indicating contraction. The decline was led by a collapse in new orders and employment. The ISM Manufacturing PMI has contracted for 12 consecutive months. Switzerland's manufacturing PMI improved slightly to 40.8 in October, while France, Germany, Spain, and the Eurozone all saw declines in manufacturing activity.
π΄ EUROZONE MFG PMI FINAL ACTUAL 43.1 (FORECAST 43, PREVIOUS 43.0) $MACRO
πͺπΊ Europe HCOB Eurozone Manufacturing PMI (Oct) $EUR Actual: 43.1 π’ Expected: 43.0 Previous: 43.4 - https://t.co/orvmA6Wqwk
π©πͺ Germany HCOB Germany Manufacturing PMI (Oct) $EUR Actual: 40.8 π’ Expected: 40.7 Previous: 39.6 - https://t.co/orvmA6Wqwk
π«π· France HCOB France Manufacturing PMI (Oct) $EUR Actual: 42.8 π’ Expected: 42.6 Previous: 44.2 - https://t.co/orvmA6Wqwk
Heard on the Street: Sudden weakness in October purchasing managers indexes raises the prospect of another stall-out like the one that derailed Chinaβs recovery this spring https://t.co/FExK6um0CM https://t.co/FExK6um0CM
πͺπΈ Spain HCOB Spain Manufacturing PMI (Oct) $EUR Actual: 45.1 π΄ Expected: 47.0 Previous: 47.7 - https://t.co/orvmA6Wqwk
π΄ SWISS CPI MOM ACTUAL 0.1% (FORECAST 0.1%, PREVIOUS -0.1%) $MACRO
π¨π Switzerland CPI (MoM) (Oct) $CHF Actual: 0.1% Expected: 0.1% Previous: -0.1% - https://t.co/orvmA6Wqwk
π¨π Switzerland CPI (YoY) (Oct) $CHF Actual: 1.7% Expected: 1.7% Previous: 1.7% - https://t.co/orvmA6Wqwk
US Manufacturing PMIs diverging directionally and giving two very different signals about the economy (ISM: worsening contraction vs S&P: expansion). US ISM Manufacturing PMI: 49β‘οΈ46.7 in October US S&P Global Manufacturing PMI Final: 49.8β‘οΈ50 in October Source: @tEconomics https://t.co/4RDaEzpYvy
β‘οΈπΊπΈ The Institute for Supply Managementβs purchasing managersβ index, which tracks factory activity, β¬οΈ to 46.7 last month, down 2.7 points from September level. Economists had projected a reading of 49. Anything β¬οΈ 50 indicates a contraction in activity compared to previousβ¦ https://t.co/BwTk54Xuf7 https://t.co/Z2vPgOanJe
Economic activity in the manufacturing sector contracted in October for the 12th consecutive month, per ISM. https://t.co/qwB2kNbdxe
China's economic recovery has been sluggish and underwhelming. https://t.co/dpyyHVxuvU
Factory activity in the US stumbled to a three-month low as sagging orders and scant production growth undercut hopes that manufacturing is turning the corner https://t.co/XtDI1TTzqL
Factory activity in the US stumbled to a three-month low as sagging orders and scant production growth undercut hopes that manufacturing is turning the corner https://t.co/1pBm2PnI0w
πΊπΈ Manufacturing sentiment slumps back to summer lows π»ISM Manufacturing -2.3pt to 46.7 in October π»New Orders 45.5 (-3.7pt) π»Production 50.4 (-2.1pt) π»Employment 46.8 (-4.4pt) π»Backlogs 42.2 (-0.2pt) πInflation 45.1 (+1.3pt) https://t.co/REV3XcFuK0
Huge misses on ISM survey data π¨ Manufacturing β 46.7 vs 49 exp. β Employment β 46.8 vs 50.6 exp. β New Orders β 45.5 vs 49.8 exp. β Prices Paid β 45.1 vs 45 exp. β MASSIVE declines in sentiment from US manufacturers... except prices, which continue to rise. Wow. https://t.co/G6a8PPs2s3
U.S. manufacturing sector slumps in October-ISM https://t.co/yUUTtC4uyX
β οΈBREAKING: *U.S. OCTOBER ISM MANUFACTURING PMI FALLS TO 46.7; EST. 49.0; PREV. 49.0 πΊπΈπΊπΈ https://t.co/lDACiZVs20
BREAKING: ISM Manufacturing comes in at 46.7 vs an estimate of 49 The fall was led by a collapse in new orders (from 49.2 to 45.5) and employment (from 51.2 to 46.8) This is not a great set of data by any stretch of the imagination Oof https://t.co/jzthWzUdt4
U.S ISM MANUFACTURING PMI (OCT) ACTUAL: 46.7 VS 49.0 PREVIOUS; EST 49.0
BREAKING: ISM Manufacturing comes in at 46.7 vs an estimate of 49 Oof
πΊπΈ United States ISM Manufacturing PMI (Oct) $USD Actual: 46.7 π΄ Expected: 49.0 Previous: 49.0
πΊπΈ United States ISM Manufacturing Prices (Oct) $USD Actual: 45.1 π’ Expected: 45.0 Previous: 43.8
πΊπΈ United States ISM Manufacturing Employment (Oct) $USD Actual: 46.8 π΄ Expected: 50.3 Previous: 51.2
US ISM MANUFACTURING PMI ACTUAL 46.7 (FORECAST 49, PREVIOUS 49.0)
U.S ISM MANUFACTURING PMI (OCT) ACTUAL: 46.7 VS 49.0 PREVIOUS; EST 49.0
U.S MANUFACTURING PMI (OCT) ACTUAL: 50.0 VS 50.0 PREVIOUS; EST 50.0
U.S MANUFACTURING PMI (OCT) ACTUAL: 50.0 VS 50.0 PREVIOUS; EST 50.0
Asia's factories squeezed as China's nascent recovery teeters - Reuters https://t.co/SCnGeQEzwz
China's economy continues to languish - Manufacturing PMI fell to 49.5, in to mild contraction - Services PMI fell to 50.6, just barely in expansion https://t.co/q7R4sh4NRl
π΄ β οΈ BREAKING: UK MFG PMI FINAL ACTUAL 44.8 (FORECAST 45.2, PREVIOUS 45.2) $MACRO
π¬π§ United Kingdom S&P Global/CIPS UK Manufacturing PMI (Oct) $GBP Actual: 44.8 π΄ Expected: 45.2 Previous: 44.3 - https://t.co/orvmA6Wqwk
π¨π Switzerland https://t.co/tb70eCC9sA PMI (Oct) $CHF Actual: 40.6 π΄ Expected: 45.0 Previous: 44.9 - https://t.co/orvmA6Wqwk
India's factory growth softened for the second month in October -PMI https://t.co/zSpBMK48uI https://t.co/OMwRanJhW4
Asia's factories squeezed as China's nascent recovery teeters https://t.co/At1NpVowLi
π΄ INDIAN MFG PMI ACTUAL 55.5 (FORECAST -, PREVIOUS 57.5) $MACRO
Chinaβs economy suffered a setback, reigniting growth concerns just as activity appeared to be stabilizing https://t.co/Hga77KPw8S https://t.co/Hga77KPw8S
Asia's factories squeezed as China's nascent recovery teeters https://t.co/kfJIsdZDsI https://t.co/CvLgjGr2V5
Japan's factory activity squeezed by weak demand, inflation in Oct - PMI https://t.co/m5dcroDKzJ https://t.co/0hDihvAKL3
China's factory activity contracts in October - Caixin PMI https://t.co/yO8UBKOCpn https://t.co/O8akC6j7nh
Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. https://t.co/gUdK9RtdvS
Economic slowdown continues π¨π³ CHINA CAIXIN MANUFACTURING PMI ACTUAL 49.5 (FORECAST 50.8, PREVIOUS 50.6)
Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. https://t.co/9rhjF3NUxS
Activity in Chinaβs manufacturing sector shrank in October for the first time in three months, dragged down by weak external demand, a Caixin-sponsored #PMI survey showed Wednesday. https://t.co/YiuesWSwdU
π΄ CHINESE CAIXIN MANUFACTURING PMI ACTUAL 49.5 (FORECAST 50.8, PREVIOUS 50.6) $MACRO
Caixin China PMI Mfg DOWN TO 49.5 FROM 50.6
WATCH: China's closely watched purchasing managersβ index drops to 49.5 in October, dipping back below the 50-point level demarcating contraction from expansion, denting hopes of a rebound https://t.co/s2PDiDXPyX https://t.co/DOG8r6zFqu
China's closely watched purchasing managersβ index drops to 49.5 in October, dipping back below the 50-point level demarcating contraction from expansion, denting hopes of a rebound https://t.co/PuRipMNjhc https://t.co/FobHmY5eRw
China's economy stumbled again in recent months with factory activity falling and foreign investment plunging 34% https://t.co/VgqyGCCJac