Quick Bites | Current business conditions

Regular readers might remember previous explanations of PMI tables or charts, here’s a reminder. PMI stands for Purchasing Managers Index and tracks the prevailing direction of economic trends in the manufacturing and service sectors. It is a diffusion index (above 50 signals expansion, below 50 signals contraction) that summarises whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting. The significance of the PMI is that it can provide information about current and future business conditions to company decision-makers, analysts, and investors.

The Bloomberg PMI heat map below shows at a glance the monthly PMI change.

  • India, the UAE, and Saudi Arabia continue to look good.
  • The US and Japan are improving.
  • Canada and the UK have worsened.
  • The Eurozone remains stable while Germany, Austria, and the Czech Republic have weakened.
  • Australia, Malaysia, France, and Switzerland remain unchanged.
  • China has weakened again, South Korea isn’t improving, and Vietnam and Taiwan are worse.

Bloomberg PMI Heat Map

Source: Bloomberg PMI Heat Map


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