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Globalt PMI: Deflation forude? Inflation stiger igen, væksten falder

Morten W. Langer

tirsdag 02. januar 2024 kl. 20:22

Stagflation

PMI fra S&P Global- læs hele meddelelsen her

Global factory output and employment fall at faster rates
at close of 2023
Key findings
Embargoed until 1100 EST (1600 UTC) 2 January 2024
News Release
J.P.Morgan Global Manufacturing PMI®
Source: J.P.Morgan, S&P Global PMI.
The global manufacturing sector ended 2023 on a lacklustre
footing. December saw production decline for the seventh
successive month as intakes of new business suffered a
further contraction. With demand retreating producers again
relied on completing backlogs of work to support output.
The J.P.Morgan Global Manufacturing PMI® – a composite
index produced by J.P.Morgan and S&P Global in association
with ISM and IFPSM – posted 49.0 in December, down from
49.3 in November, to remain below the neutral 50.0 mark for
the sixteenth consecutive month.
Manufacturing production contracted at a slightly quicker
pace in December, with the latest decline centred on the
intermediate goods sector. In contrast, producers of both
consumer and investment goods saw expansions. Overall
output has decreased 13 times in the past 17 months.
Data broken down by nation signalled contractions in output
in all except seven of the 29 countries for which December
readings were available. China, Colombia, Greece, Indonesia,
Mexico, the Philippines and Russia were the nations to
register growth.
US manufacturing output decreased for the first time in four
months, while Japan posted its seventh successive month
of contraction. The euro area remained the main source
of weakness, however. Manufacturing production across
the currency bloc fell (on average) for the ninth month
running, with the downturns in Germany, France, Austria
and the Netherlands especially severe. The other European
nations covered by the survey fared similarly, with marked
contractions seen in the UK, Poland and Czechia.
December saw global manufacturing new business intakes
decline for the eighteenth month in a row, with reductions
signalled across the consumer, intermediate and investment
goods industries. International trade flows also deteriorated,
as the downturn in new export orders was extended to 22
months.
Manufacturing PMI falls to 49.0 in December
Weak demand persists
Input and output price inflation edge higher
——————————————–
Index Nov-23 Dec-23 Interpretation
sa, 50 = no change over previous month. *50 = no change over next 12 months.
PMI 49.3 49.0 Deterioration, faster rate
Output 49.9 49.5 Decline, faster rate
New Orders 48.9 48.6 Decline, faster rate
New Export Orders 48.1 48.0 Decline, faster rate
Future Output 60.1 60.5 Growth expected, better sentiment
Employment 49.2 48.7 Decline, faster rate
Input Prices 52.1 52.4 Inflation, faster rate
Output Prices 51.0 51.5 Inflation, faster rate

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