Fra Markit PMI kobber – læs hele meddelelsenher
January PMITM data signalled a further deterioration in operating conditions at global copper users, with new orders notably falling for the second month running. Job numbers also declined, while production expanded only slightly from December.
Rising metal prices meanwhile led to a sharper uptick in input costs, with firms in response raising output charges at the quickest pace since March 2019. The seasonally adjusted Global Copper Users Purchasing Managers Index™ (PMI) – a composite indicator designed to give an accurate overview of operating conditions at manufacturers identified as heavy users of copper – fell for the third successive month from 49.6 in December to 49.4 in January, pointing to another slight decline in the health of the global copper-using industry.
The rate of deterioration was the quickest seen since last August. Notably, Asian users saw the first decline in operating conditions for five months, contrasting with US users who reported another solid improvement. European copper users registered a further downturn, albeit the softest since last March.
Worldwide output at copper-using firms grew for the fifth consecutive month in January. That said, the rate of expansion slowed to the weakest in this period, amid smaller
upturns at Asian and US users. Manufacturers in Europe saw a modest drop in output due to lower new orders.
Demand
Meanwhile, latest data pointed to a mild drop in new work at global copper users during January. Firms indicated that weaker client demand and falling activity in the automotive
industry stemmed sales. New orders from abroad also fell at a modest pace. Nevertheless, the rate at which total new orders declined was softer than in the previous month.
