The Canadian economy outperformed growth forecasts in the fourth quarter, with an annualized expansion rate of 1.0%, surpassing the expected +0.8%. This growth was attributed to strong oil exports and a rebound from labor stoppages. Additionally, the gross domestic product (GDP) is likely to have grown by 0.4% in January, according to Statistics Canada. This positive trend comes despite a temporary dip to 0.2% GDP growth, attributed to the Quebec teacher's strike, which was seen as artificially low. The return of teachers to work in January is expected to correct this dip, signaling a robust economic outlook with no imminent recession or need for cuts. Moreover, the Canadian manufacturing sector showed signs of stabilization in February, reaching a 10-month high, as employment increased and the downturn in output and new orders slowed.
From the @ChinaBeigeBook February release: “Manufacturing activity decelerated dramatically into February. Both production growth and domestic orders continued to decline. Export orders inched up, but U.S.-bound orders continued to fall.” https://t.co/ROod86v2uj
China's factory activity contracts for fifth straight month https://t.co/0vyJ7FnhgB
Canadian factory PMI climbs to 10-month high in February https://t.co/9gAOvLjxAn https://t.co/y25Ycb6yJr
February reading of the ISM Mfg. Index is 47.8, down -1.3 points lower than the estimate for 49.5 Details generally support decline Prices Paid down four tenths to 52.5 Production fell two pointsdown to 48.4 New Orders 3.3 points lower at 49.2 Backlog of Orders rose 1.6 points… https://t.co/HrHwj9cjOi
🇺🇸 @ISM Manufacturing sentiment fell back deeper in contraction territory in Feb ⛔️ISM Manufacturing -1.3pt to 47.8 🔻New Orders 49.2 (-3.3pt) 🔻Production 48.4 (-2.0pt) 🔻Employment 45.9 (-1.2pt) 🔻Backlogs 46.3 (+1.6pt) 🆒Inflation 52.5 (-0.4pt) https://t.co/PgUQgUvUIo
⚠️ US MANUFACTURING SECTOR STRUGGLING TO RECOVER -ISM (Reuters) U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low amid declining new orders. The Institute for Supply Management (ISM) said on Friday that its… https://t.co/cg0qc8NiZC
ISM: “40% of manufacturing GDP contracted in February, down from 62% in January. More importantly, the share of sector GDP registering a composite PMI® calculation at or below 45% — a good barometer of overall manufacturing weakness — was 1% in February, compared to 27% in Jan”
US ISM Manufacturing Feb: 47.8 (est 49.5; prev 49.1) - ISM Prices Paid Feb: 52.5 (est 53.2; prev 52.9) - ISM New Orders Feb: 49.2 (prev 52.5) - ISM Employment Feb: 45.9 (prev 47.1)
ISM Manufacturing 47.8, Exp. 49.5, Last 49.1 Prices Paid 52.5, Exp. 53.2 New Orders 49.5, Last 52.5 Employment 45.9, Last 47.1
🔴 US S&P MANUFACTURING PMI FEBRUARY FINAL REPORT https://t.co/355tarCaIp
⚠️ CANADIAN FACTORY PMI CLIMBS TO 10-MONTH HIGH IN FEBRUARY (Reuters) Canadian manufacturing activity moved closer to stabilizing in February as employment rose alongside a slower downturn in output and new orders, data showed on Friday. The S&P Global Canada Manufacturing… https://t.co/Xe3wbgzbuY
🔴 US S&P MANUFACTURING PMI FINAL ACTUAL 52.2 (FORECAST 51.5, PREVIOUS 51.5) $MACRO
Mfg PMI Final 52.2, Exp. 51.5
🔴 CANADIAN MANUFACTURING PMI FEBRUARY REPORT https://t.co/Zjngq9QNi1
Canadian S&P Global Manufacturing PMI Feb: 49.7 (prev 48.3)
🔴 CANADIAN MANUFACTURING PMI ACTUAL 49.7 (FORECAST -, PREVIOUS 48.3) $MACRO
China’s Factory Activity Slows as Weak Demand Hampers Growth - BBG https://t.co/rR4qSvGnAN
UK factories struggle in February as job cuts accelerate, PMI shows https://t.co/cibjOHHui9 https://t.co/v4odEA1dn4
China's PMI fell to 49.1 in February from 49.2 in January with a sizeable drop in the output component. It was below the 50-mark separating growth from contraction and in line with a median forecast of 49.1 in a Reuters poll https://t.co/fHK0WsASua https://t.co/JNFidrwtum
China's PMI fell to 49.1 in February from 49.2 in January with a sizeable drop in the output component. It was below the 50-mark separating growth from contraction and in line with a median forecast of 49.1 in a Reuters poll. Read more: https://t.co/89aMQFRQxW https://t.co/eOVuYbN9F4
CHINA’s manufacturers reported business activity declined in February for the 10th time in the last 11 months. The official purchasing managers slipped to 49.1 (6th percentile for all months since 2011) in February down from 49.2 (8th percentile) in January: https://t.co/WLDm1Zc8ZX
German manufacturing downturn deepens in February, PMI shows https://t.co/QSlPfdHqhr https://t.co/RNR0LdYTmt
Euro zone Feb factory activity contracted for 20th month, PMI shows https://t.co/oKhqjigGBf https://t.co/pUPxtpKs7f
#China’s February LNG Imports Climb to Highest Ever for the Month Decline in spot prices spurred additional purchases into China LNG deliveries to China to increase 8% this year, CNPC says https://t.co/N2AhVdg9yO
CHINA (bottoming): Services PMI #accelerated to 51.4 in FEB vs consensus 50.7 and 50.7 in prior month https://t.co/rw1KIMfQzI
🔴 UK MFG PMI FEBRUARY 2024 FULL REPORT https://t.co/3HjpdZdJF2
🔴 ⚠️ BREAKING: UK MFG PMI FINAL ACTUAL 47.5 (FORECAST 47.1, PREVIOUS 47.1) $MACRO
⚠️ EURO ZONE FEB FACTORY ACTIVITY CONTRACTED FOR 20TH MONTH, PMI SHOWS (Reuters) Euro zone manufacturing activity continued to contract last month amid weak demand although firms were optimistic about the year ahead, a survey showed on Friday. HCOB's final euro zone… https://t.co/fKxepGxHZF
⚠️ SOUTH AFRICAN FACTORY ACTIVITY RECOVERS IN FEBRUARY - ABSA PMI (Reuters) South African manufacturing activity recovered in February after a steep slump the month before, a Purchasing Managers' Index (PMI) survey showed on Friday. The seasonally-adjusted PMI increased to… https://t.co/CuGoAuydqY
French manufacturing PMI stays in contraction: 47.1 (FORECAST 46.8, PREVIOUS 46.8)
German manufacturing PMI stays in contraction: 42.5 (FORECAST 42.3, PREVIOUS 42.3)
🔴 EUROZONE MFG PMI FEBRUARY 2024 FULL REPORT https://t.co/GCtXaI6xvQ
⚠️ GERMAN MANUFACTURING DOWNTURN DEEPENS IN FEBRUARY, PMI SHOWS (Reuters) The downturn in Germany's manufacturing sector deepened in February as output and new orders declined at a faster rate, a survey showed on Friday. The HCOB final Purchasing Managers' Index (PMI) for… https://t.co/iJAhPhvIOH
🔴 GERMAN MFG PMI FEBRUARY 2024 FULL REPORT https://t.co/CzzEjRycEx
🔴 GERMAN MFG PMI FINAL ACTUAL 42.5 (FORECAST 42.3, PREVIOUS 42.3) $MACRO
🔴 FRENCH MFG PMI FEBRUARY 2024 FULL REPORT https://t.co/rTd6rz9SzV
🔴 ITALIAN MFG PMI FEBRUARY 2024 FULL REPORT https://t.co/8yvdZ3ddHt
China’s manufacturing PMI shrank for a fifth month https://t.co/pBuxgAzznX
🔴 SWISS MANUFACTURING PMI ACTUAL 44 (FORECAST 44.3, PREVIOUS 43.1) $MACRO
🔴 SPANISH MFG PMI FEBRUARY FULL REPORT https://t.co/leK66C1dqy
India's factory growth at five-month high in February, cost pressures cool https://t.co/6XsAoIGawY https://t.co/BOtyvDza9m
Dutch S&P Global/Nevi Manufacturing PMI Feb: 49.3 (prev 48.9) https://t.co/962cDPk1IQ https://t.co/1YeQfh3Wdl
⚠️ INDIA'S FACTORY GROWTH AT FIVE-MONTH HIGH IN FEBRUARY, COST PRESSURES COOL (Reuters) India's manufacturing industry enjoyed robust growth in February with activity expanding at its fastest pace in five months, led by accelerated global demand and lower inflationary… https://t.co/51CAhGwDcs
Japan's Feb factory activity shrinks most in over 3 yrs on weak demand - PMI https://t.co/JxBrSloHft https://t.co/rKRTFcbu13
China's service PMI rose slightly in January, coming above consensus $FXI $KWEB $BABA $BIDU $JD: -Service PMI rose in expansionary territory to 51.4 from 50.7 in January, coming in significantly above consensus (50.7) and our projection (50.2). -Manufacturing PMI was still soft…
China's service PMI rose slightly in January, coming above consensus: -Service PMI rose in expansionary territory to 51.4 from 50.7 in January, coming in significantly above consensus (50.7) and our projection (50.2). -Manufacturing PMI was still soft but exceeded expectations:…
BREAKING: 🇨🇳 China's manufacturing activity contracted for the 5th straight month in February
Activity in China’s manufacturing sector expanded in February for the fourth straight month, with growth in overseas demand reaching a 12-month high, a Caixin-sponsored #PMI survey shows. https://t.co/repaD1qUvk
🔴 CHINESE COMPOSITE PMI ACTUAL 50.9 (FORECAST -, PREVIOUS 50.9) $MACRO
🔴 JAPAN S&P GLOBAL FEBRUARY MANUFACTURING PMI AT 47.2: FINAL READING SLIGHTLY LOWER THAN FLASH ESTIMATE OF 47.2
All regional manufacturing surveys remain in contraction in February except Philly. The Chicago PMI remains well below 50 at 44 vs 46 in January and 4 pts below expectations. H/T @pboockvar Chicago PMI: not the picture of health https://t.co/9cA6Nml35l
Canada’s economy rebounds in Q4 to soft landing. https://t.co/s1HbBjBGML
February @KansasCityFed Manufacturing Index up to -4 vs. -2 est. & -9 in prior month … production jumped back into expansion, new orders improved but remained in contraction, prices paid eased, and both workweek and employment went into expansion https://t.co/S7CWwGif3a
Canada's Q4 growth tops forecasts, reducing pressure for immediate rate cut https://t.co/wOlk0X1jZq https://t.co/7sjma7rjBp
Canadian economy returns to growth, with heavy assist from U.S. https://t.co/NNFzXLNElC
*CANADA ECONOMY GROWS 1% ANNUALIZED IN 4Q, BEATS +0.8% FORECAST https://t.co/bXfJTNuk2Z
Economy grew at annualized rate of 1 per cent in Q4, Statistics Canada says https://t.co/wXGRpBl806
🚨BREAKING NEWS According to Stats Canada, today's 0.2% GDP print was artificially low because of the Quebec teacher's strike Advance information indicates that real GDP rose 0.4% in January, as they returned to work NO RECESSION. MAYBE NO CUTS.
🚨BREAKING NEWS According to Stats Canada, today's 0.2% GDP was artificially low because of the Quebec teacher's strike Advance information indicates that real GDP rose 0.4% in January as they returned to work NO RECESSION. MAYBE NO CUTS.
🚨BREAKING NEWS According to Stats Canada, Today's 0.2% GDP was artificially low because of the Quebec teacher's strike Advance information indicates that real GDP rose 0.4% in January as they returned to work NO RECESSION. MAYBE NO CUTS.
The Canadian economy bounced back at the end of last year with the help of strong oil exports, while a rebound after labor stoppages boosted growth in early 2024. https://t.co/7xbe2boCcT
⚠️ CANADA'S ECONOMY TOPS Q4 GROWTH FORECASTS, ANOTHER RISE SEEN IN JAN (Reuters) The Canadian economy expanded at an annualized rate of 1.0% in the fourth quarter, exceeding expectations, and gross domestic product likely grew 0.4% in January, Statistics Canada data showed on… https://t.co/enuvTnBwgr