PMI fra Markit for kobber – læs hele meddelelsen her
“Falling to 49.4 in January, the Global Copper Users
PMI pointed to a deeper decline in operating conditions
for heavy users of copper at the start of 2020.
Manufacturers continued to face weakening demand,
leading production growth to slow to a five-month low
and hover close to contraction territory. Employment
also fared poorly, with staffing levels declining for the
second month running.
“While the coronavirus outbreak appeared toward the
end of January, most survey data, including for China,
were collected prior to businesses realising the full
extent of the outbreak. With reports of manufacturers
in China voluntarily shutting down over the past week
to limit the spread of the virus, we anticipate a severe
hit to production in February unless conditions pick up.
Input prices are also likely to be affected, with firms
noting a solid rise in cost pressures in January due to
higher copper prices earlier in the month. Following the
outbreak, copper has fallen by over 10%.
“As such, the next PMI data release on 6th March will
likely reveal the true impact of the coronavirus outbreak
on the global copper-using industry.
