The global manufacturing sector is strongly constrained
Reduction in new export orders is the most important economic phenomenon for the business cycle in recent months. It cannot be ruled out that measures to constrain international trade have…
Philippe Waechter's blog
3 points on the cyclical dynamics in Asia and the Euro zone in June
The first point is the rapid slowdown in manufacturing activity in Asia. It is contracting in the 4 major countries, from China to Japan, South Korea and Taiwan. The movement…
The Euro zone slows sharply in March
The publication March’s Markit indices confirms the downward pressure on activity in the manufacturing sector. The leading indices published for the Euro zone, Germany and France, on March 22, have…
The shock in the manufacturing sector in Germany: IFO vs Markit
The modest rebound in the IFO index in March is sometimes interpreted as the counterpoint to the drop of the Markit index released last Friday.There is indeed an opposition in…
ISM index dropped: a healthy adjustment.
ISM index dropped: a healthy adjustment.In the USA, the fall of the ISM may reflect a return to a more normal situation? For many months, this indicator for the manufacturing…
France: the growth momentum is lower than expected
The French government is still expecting a robust recovery for the last three months of 2018 and for 2019. Companies’ surveys for October do not allow such optimism. The main…
The global economic outlook in 3 graphs
The economic environment is changing. The world Markit index level in the manufacturing sector is still showing growth (index at 53 above the threshold of 50) but it is trending…
The virtuous loop between activity in the manufacturing sector and world trade
The world trade rebound will continue in the forthcoming months. That’s what the graph between world trade growth and the Markit index suggests. The robust level of the manufacturing index…