Monday, October 3, 2011

Manufacturing PMI by country

The Wall Street Journal has a convenient summary of manufacturing PMI reports, by country. See table below.

My highlights:

-As of September, manufacturing activity is contracting in 13 countries, out of 24 countries. (I do not include the eurozone as a whole, so as not to avoid double-counting country members of the currency union.) Activity is contracting in: Austria, Australia, Brazil, France, Greece, Ireland, Italy, Japan, Netherlands, Spain, Switzerland, and Taiwan. Activity is expanding in: Canada, China, Czech Republic, Germany, Hungary, India, Poland, Saudi Arabia, Turkey, U.K., and U.S.

-From August to September, activity deteriorated in 17 out of 24 countries. A deterioration can be either a slowdown in the rate of expansion, or an acceleration in the rate of contraction. Activity deteriorated in: Austria, Australia, Brazil, Czech Republic, France, Germany, India, Ireland, Japan, Netherlands, Poland, Saudi Arabia, Spain, Switzerland, and Taiwan. Activity improved in: Canada, China, Hungary, Italy, Russia, Turkey, U.K., and U.S.


Country
 Sep.  
Aug.   
Change

Austria
48.7
50.1
-1.4
Contracting
Australia
42.3
43.3
-1.0
Contracting Faster
Brazil
45.5
46.0
-0.5
Contracting Faster
Canada
55.0
54.9
0.1
Expanding Faster
China
51.2
50.9
0.3
Expanding Faster
Czech Republic
52.3
53.4
-1.1
Expanding Slower
Euro Zone
48.5
49.0
-0.5
Contracting Faster
France
48.2
49.1
-0.9
Contracting Faster
Germany
50.3
50.9
-0.6
Expanding Slower
Greece
43.2
43.3
-0.1
Contracting Faster
Hungary
50.8
50.1
0.7
Expanding Faster
India
50.4
52.6
-2.2
Expanding Slower
Ireland
47.3
49.7
-2.4
Contracting Faster
Italy
48.3
47.0
1.3
Contracting Slower
Japan
49.3
51.9
-2.6
Contracting
Netherlands
48.9
50.7
-1.8
Contracting
Poland
50.2
51.8
-1.6
Expanding Slower
Russia
50.0
49.9
0.1
No Change
Saudi Arabia
54.5
57.9
-3.4
Expanding Slower
Spain
43.7
45.3
-1.6
Contracting Faster
Switzerland
48.2
51.7
-3.5
Contracting
Taiwan
44.5
45.2
-0.7
Contracting Faster
Turkey
51.5
48.8
2.7
Expanding
U.K.
51.1
49.4
1.7
Expanding
U.S.
51.6
50.6
1.0
Expanding Faster

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