Tuesday , July 27 2021
Home / Tag Archives: BRIC Composite PMI

Tag Archives: BRIC Composite PMI

6/6/21: BRIC PMIs for May: Volatile Growth and Surging Inflationary Pressures

BRIC PMIs for May 2021 show uneven pace of recovery within the group of the largest Merging and Middle Income economies and a uniform evidence of pressure on inflation side.Brazil: Manufacturing PMI is currently running at 53.0 for 2Q 2021 for two months into the quarter, down from 1Q 2021 reading of 55.9. This marks second consecutive quarter of decreases in Manufacturing sector activity in Brazil. Brazil Services PMI is currently running at a deeper recessionary reading of 45.6, compared...

Read More »

13/5/21: BRIC Composite PMIs April 2021: Recovery Fragile, Inflation Heating Up

April PMIs for BRIC economies show continued strengthening in the recovery in China and Russia, moderation in the recovery momentum in India and deepening collapse in the recovery in Brazil.Since we are into the first month of the new quarter, there is not enough data to go about to meaningfully analyze quarterly dynamics. Hence, I am only looking at Composite PMIs:PMIs in April run stronger, compared to 1Q 2021 averages for Russia (Services only), and China (Services and Manufacturing),...

Read More »

8/4/21: BRIC Composite PMIs 1Q 2021: A Mixed Bag for Recovery Votes

I covered BRIC Manufacturing PMIs for 1Q 2021 (https://trueeconomics.blogspot.com/2021/04/5421-brics-manufacturing-pmis-1q-2021.html) and BRIC Services PMIs (https://trueeconomics.blogspot.com/2021/04/8421-bric-services-pmi-1q-2021-slowing.html) in the two posts earlier.  Now, the round up analysis based on Composite PMIs:Brazil Composite PMI fell from 54.4 in 4Q 2020 to 52.1 in 1Q 2021, marking a slowdown in growth conditions in the economy. Quarterly activity in 1Q 2021 is still ahead of...

Read More »

6/1/21: BRIC: Composite Economic Indicators: 4Q 2020

Manufacturing PMIs for BRIC economies for 4Q 2020 are discussed here: https://trueeconomics.blogspot.com/2021/01/4121-bric-manufacturing-pmis-4q-2020.html.Services PMIs are covered here: https://trueeconomics.blogspot.com/2021/01/6121-bric-services-pmis-4q-2020.html.Now, Composite PMIs:Brazil Composite PMI rose from 51.6 in 3Q 2020 to 54.4 in 4Q 2020, marking second consecutive quarter of > 50.0 readings. Average 4 quarters PMI stands at 46.2, suggesting that Brazil's economy has not,...

Read More »

7/11/20: BRIC: Composite Economic Indicators for October

 I covered BRIC Manufacturing and Services PMIs for October in two earlier posts (see here https://trueeconomics.blogspot.com/2020/11/51120-bric-services-pmis-october.html), so now, Composite PMIs:Brazil Composite PMI rose to 55.9 in October, compared to 51.6 in 3Q 2020, and currently sits above Global Composite PMI of 53.3. The latest increase in PMI is a robust signal of partial recovery, marking the third consecutive month of > 50.0 readings that followed five consecutive months of...

Read More »

14/10/20: BRIC: Composite economic activity indicators Q3 results

We covered in detail strong recovery in BRIC Manufacturing PMIs (https://trueeconomics.blogspot.com/2020/10/141020-bric-manufacturing-pmis-q3.html) and fragile recovery in Services PMIs (https://trueeconomics.blogspot.com/2020/10/141020-bric-services-pmis-q3-results.html). Here is a summary chart:Now, let's take a look at BRIC Composite PMIs for 3Q 2020:Brazil Composite PMI ended Q3 2020 on a reading of 51.6 - an improvement on 31.8 in 2Q 2020. Brazil's Composite PMIs have run sub-50...

Read More »

8/92020: BRIC: Composite economic activity indicators

 Based on Markit's Composite PMIs, here are the BRIC economies composite economic activity indicators for 3Q 2020 to-date (July-August). Please, note: Manufacturing PMIs for BRIC economies were covered here: https://trueeconomics.blogspot.com/2020/09/8920-bric-manufacturing-pmis.html, and Services PMIs were covered here: https://trueeconomics.blogspot.com/2020/09/8920-bric-services-pmis.html. Brazil Composite PMI for 3Q 2020 currently sits at 50.6, barely above the zero-growth line of 50.0...

Read More »

7/5/20: BRIC Composite PMIs: Global Economy in a Free Fall

With Russia and China data finally in, here are the full updated BRIC PMIs for April (note: manufacturing has been covered in more details here: https://trueeconomics.blogspot.com/2020/05/4520-eurozone-manufacturing-pmis-crater.html). Sharp drop in Manufacturing PMIs in April, compared to 1Q 2020, were accompanied by even more spectacular declines in Services PMIs: Across the BRICs, Services PMI fell from 44.9 in 1Q 2020 to 30.6 in April. The two readings represent the lowest and the...

Read More »

19/4/20: BRICs PMIs Q1 2020

Coronavirus early impact on the global economy is quite evident now through the BRIC economies PMIs that cover the first two months of the pandemic: One country breaking the ranks so far on this is India, where the pandemic was registered only in mid-March, resulting in 'distancing' restrictions being imposed only in the second half of the last month of the 1Q.  Even accounting for India's relatively lagged impact of the COVID19, BRIC quarterly PMIs (note: I use simple...

Read More »

7/7/19: 2Q 2019 BRIC PMIs: The Bad, The Ugly, and The Uglier Still

BRIC PMIs for June are out and with them we have 2Q 2019 figures. And the story they tell is two-fold:Fold 1: There is an ongoing Global-scale slowdown in the economy that is broad, sharp and testing the waters of a mild recession approaching Fold 2: The BRICs are barely providing any upside support to the Global momentum. Take Manufacturing: This is simply the 'Uglier' side of the ugly. Global Manufacturing PMI hit 49.8 in 2Q 2019 - statistically, zero growth level, nominally - a...

Read More »