Tuesday , August 20 2019
Home / Constantin Gurdgiev: True Economics / 6/4/19: BRIC Services Lead, Manufacturing Lag Global Growth Momentum

6/4/19: BRIC Services Lead, Manufacturing Lag Global Growth Momentum

Summary:
I have blogged recently on BRIC and global PMIs for manufacturing and services, covering the data for 1Q 2019, as well as monthly PMIs for BRIC economies. Here are the 1Q 2019 PMIs for composite economic activity across the same: In 1Q 2019, only Brazil posted improving Composite PMI reading, with the rest of BRIC economies showing deteriorating growth conditions, in line with continued drop in Global Composite PMI. Over the last 5 quarters, Global Composite PMI has dropped from its peak of 54.23 in 1Q 2018 to 52.5 in 1Q 2019, with current reading at its lowest in 10 quarters.Of all BRIC economies, India and Russia are outperforming the Global Composite PMI, with Russia posting the fastest growth at 54.1 of all BRIC economies in 1Q 2019. Brazil is statistically in line with Global

Topics:
[email protected] (TrueEconomics) considers the following as important: , , , , , , , , ,

This could be interesting, too:

Jeffrey P. Snider writes That Can’t Be Good: China Unveils Another ‘Market Reform’

Marc Chandler writes The Hong Kong Dollar and the Goose that Laid the Golden Egg

Marc Chandler writes China’s Rate Reform Helps Markets Extend End of Last Week Recovery

Lance Roberts writes The “Trade War” Is Over, Trump Just Doesn’t Realize It Yet.


I have blogged recently on BRIC and global PMIs for manufacturing and services, covering the data for 1Q 2019, as well as monthly PMIs for BRIC economies. Here are the 1Q 2019 PMIs for composite economic activity across the same:

6/4/19: BRIC Services Lead, Manufacturing Lag Global Growth Momentum

In 1Q 2019, only Brazil posted improving Composite PMI reading, with the rest of BRIC economies showing deteriorating growth conditions, in line with continued drop in Global Composite PMI. Over the last 5 quarters, Global Composite PMI has dropped from its peak of 54.23 in 1Q 2018 to 52.5 in 1Q 2019, with current reading at its lowest in 10 quarters.

Of all BRIC economies, India and Russia are outperforming the Global Composite PMI, with Russia posting the fastest growth at 54.1 of all BRIC economies in 1Q 2019. Brazil is statistically in line with Global Composite PMI, while China is a clear under-performer.

Sectorally, the main weakness amongst the BRICs is in Manufacturing, with Services outperforming Global Composite index:

6/4/19: BRIC Services Lead, Manufacturing Lag Global Growth Momentum

Leave a Reply

Your email address will not be published. Required fields are marked *