Consumer Confidence

62.2

In Ireland, the Consumer Sentiment Index survey covers a nationally representative sample of 1,000 adults. The questionnaire assesses respondents’ perceptions on the general economy in the previous 12 months as well as expectations for next 12 months; perceptions of recent trends in unemployment and inflation; recent trends and likely future evolution in the household’s financial situation as well as savings and major purchases intentions. The Consumer Sentiment Index is calculated as the percentage of favourable replies minus the percentage of unfavourable replies, plus 100. The indicator varies on a scale of 0 to 200; a value of 0 indicates extreme lack of confidence, 100 neutrality and 200 extreme confidence.

Baker Hughes Total Rigs Count

US Total Rigs refer to the number of active US rigs drilling in a given week.

Baker Hughes Oil Rig Count

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

Kansas Fed Manufacturing Index

19

The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases.

Kansas Fed Composite Index

11

The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases.

New Home Sales

580000

A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit. The house can be in any stage of construction: not yet started, under construction, or already completed. New home sales account for about 10 percent of the US housing market. New single-family home sales are extremely volatile month-to-month and preliminary figures are subject to large revisions because they are mostly drawn from building permits data.

New Home Sales MoM

-7.3%

A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit. The house can be in any stage of construction: not yet started, under construction, or already completed. New home sales account for about 10 percent of the US housing market. New single-family home sales are extremely volatile month-to-month and preliminary figures are subject to large revisions because they are mostly drawn from building permits data.

S&P Global Composite PMI Flash

51.9

In the United States, the S&P Global Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across both manufacturing and service sectors. The index is based on data collected from a representative panel of over 800 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Manufacturing PMI Flash

53.9

The S&P Global US Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 800 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Services PMI Flash

51.2

The S&P Global US Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The index tracks variables such as sales, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The headline figure is the Services Business Activity Index, which is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

Business Confidence

-12.4

In Belgium, the business confidence survey measures the level of optimism that people who run companies have about the current economic situation and how they feel about their organizations’ prospects in the next three months. Every month, a panel of around 6000 business leaders is contacted.

New Housing Price Index MoM

-0.3%

In Canada, New Housing Price Index (NHPI) measures changes over time in the contractors' selling prices of new residential houses, where specifications of each house remain the same between two consecutive periods.

Manufacturing Sales MoM Prel

1.3%

In Canada, Manufacturing Sales provides a current 'snapshot' of sales of goods manufactured values by the Canadian manufacturing sector, enabling analysis of the state of the Canadian economy, as well as the health of specific industries in the short- to medium-term.

Raw Materials Prices MoM

0.7%

The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.

Raw Materials Prices YoY

33.4%

The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.

PPI MoM

1.2%

In Canada, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

13.6%

In Canada, producer prices change measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Building Permits Final

1410000

Building Permits refer to the approvals given by a local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.

Building Permits MoM Final

-0.9%

Building Permits refer to the approvals given by a local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.

CBR Press Conference

In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. From September 16th of 2013, the official interest rate is the one-week auction repo rate. Until September 15th of 2013, the official interest rate was the refinancing rate, which was seen as a ceiling for borrowing money and a benchmark for calculating tax payments.

Unemployment Rate

2.8%

In Mexico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Deposit Growth YoY

13.3%

In India, deposit growth refers to the year-over-year change of the commercial banks deposits.

Foreign Exchange Reserves

In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Bank Loan Growth YoY

18.6%

In India, bank loan growth refers to the year-over-year change of the overall commercial banks credit to the economy, including food credit, non-food credit and loans, cash credit and overdrafts.

FGV Consumer Confidence

88.7

IBRE/FGV's monthly Consumer Confidence Survey is designed to capture the sentiment of consumers about the general state of economy and their personal finances. Happy and optimistic consumers are likely to spend more; unhappy and pessimistic consumers spend less. Consumer confidence can thus operate to induce or reduce economic growth. Monitoring consumer sentiment can produce signals about future spending and saving that are useful for anticipating what will happen to the economy in the short run. The IBRE/FGV studies obtain, among other information, consumer assessments and forecasts about the local and family economic situation at the time and for the following months, employment prospects, and intentions and likelihood of buying high-value goods in the next six months. The Consumer Confidence Survey was started in 2002, and data are collected from over 2,000 informants in seven major state capitals: Belo Horizonte, Brasilia, Porto Alegre, Recife, Salvador, Rio de Janeiro, and São Paulo.

Interest Rate Decision

14.25%

In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. From September 16th of 2013, the official interest rate is the one-week auction repo rate. Until September 15th of 2013, the official interest rate was the refinancing rate, which was seen as a ceiling for borrowing money and a benchmark for calculating tax payments.

Balance of Trade

-840000000

Luxembourg is an export-intensive economy. The country has traditionally imported most of its consumer goods and exported industrial products (steel). Exports now also include chemical and rubber products, finished glass and the most profitable financial services. The nation remains dependent on energy imports. European Union is by far its largest trading partner, accounting for about 84% of exports and 87% of imports.

Total Credit YoY

4.6%

Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.

DMP 3M Output Price Expectations

4.1%

DMP 3M Output Price Expectations reflect the average expected output price growth over the next 12 months, based on a three-month rolling average. These expectations are reported by UK businesses through the Decision Maker Panel (DMP) — a monthly survey of Chief Financial Officers from small, medium, and large firms. The Bank of England uses the DMP to monitor economic trends and assess business views on inflation and pricing pressures.

DMP 1Y CPI Expectations

3.3%

DMP 1Y CPI Expectations represent the anticipated rate of Consumer Price Index (CPI) inflation over the next 12 months, as reported by UK businesses. These expectations are gathered through the Decision Maker Panel (DMP) — a monthly survey of Chief Financial Officers from small, medium, and large firms across the UK. The Bank of England uses the DMP to monitor economic conditions and gain insight into business sentiment and inflation expectations.

S&P Global Services PMI Flash

48.8

The S&P Global/CIPS UK Services PMI (Purchasing Managers' Index) is based on data collected from companies in the transport and communication sector, financial intermediation, business services, personal services, computing and IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Composite PMI Flash

49.3

The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Manufacturing PMI Flash

52.5

Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Manufacturing PMI Flash

51.4

The S&P Global Eurozone Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, totaling around 3,000 private sector companies. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Services PMI Flash

49.4

The S&P Global Eurozone Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of service providers in Germany, France, Italy, Spain and Ireland. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Composite PMI Flash

50

The S&P Global Eurozone Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, and of service providers in Germany, France, Italy, Spain and Ireland, totaling around 5,000 private sector companies. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Composite PMI Flash

49.5

The S&P Global Germany Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Services PMI Flash

48.6

The S&P Global Germany Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Manufacturing PMI Flash

50.3

The S&P Global Germany Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 420 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Services PMI Flash

46.8

The S&P Global France Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Composite PMI Flash

47.2

The S&P Global France Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

S&P Global Manufacturing PMI Flash

51.2

The S&P Global France Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

PPI YoY

10.5%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Consumer Confidence

106.5

In Czech Republic, the Czech Statistical Office consumer confidence indicator is the average of four indicators: expected financial situation of consumers, expected total economic situation, expected total unemployment (with inverted sign) and savings expected in 12 months to come. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.

Business Confidence

99.8

In Czech Republic, the business confidence survey measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. Czech Statistical Office business confidence indicator is a weighted average of seasonally adjusted confidence indicators in industry, construction, trade and in selected services.

Unemployment Rate

4.3%

In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Retail Sales ex Fuel MoM

1.2%

In the United Kingdom, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In the United Kingdom, Retail sales are seasonal, volatile and relatively important to the overall economy.

Employed Persons

5299000

In Sweden, employed persons are individuals with a minimum required age who work during a certain time for a business.

PPI MoM

1.3%

In Sweden, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

6.6%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Unemployment Rate

9.4%

In Sweden, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

GfK Consumer Confidence

-29.2

The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above. The questionnaire focuses on income expectations, buying propensity and savings. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average.

Retail Sales ex Fuel YoY

4.6%

In the United Kingdom, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In the United Kingdom, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales YoY

3.2%

In the United Kingdom, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Retail Sales MoM

1.2%

In the United Kingdom, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In the United Kingdom, Retail sales are seasonal, volatile and relatively important to the overall economy.

HSBC Composite PMI Flash

57.1

In India, the HSBC India Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index and tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

Industrial Production YoY

13%

In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.

HSBC Services PMI Flash

57.4

The HSBC India Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

HSBC Manufacturing PMI Flash

54.2

The HSBC India Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 500 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

Import Prices YoY

8.2%

In Finland, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

Export Prices YoY

6.4%

In Finland, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

PPI YoY

7.4%

In Finland, producer price index for manufactured products measures development in the producer prices of goods manufactured in the country. The index includes both goods sold at home and exported goods. The price for domestic goods is the factory price exclusive of taxes and the price for export goods is the f.o.b. price. The index covers commodities of industry categories B to E.

Industrial Production MoM

-0.7%

In Singapore, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.

3-Month Bill Auction

URA Property Index QoQ Final

0.9%

In Singapore, Housing Index is measured by all residential property price index.

S&P Global Manufacturing PMI Flash

54.8

The S&P Global Japan Manufacturing PMI is a monthly indicator of manufacturing sector performance, based on survey responses from a panel of approximately 400 manufacturers. Survey participants report changes compared to the previous month across several business variables. Each response is used to calculate a diffusion index ranging from 0 to 100, where a reading above 50 signals expansion, and below 50 indicates contraction. The headline figure, known as the Purchasing Managers’ Index™ (PMI), is a weighted composite of five key components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%), and Stocks of Purchases (10%). To ensure consistency in directional movement, the Suppliers’ Delivery Times Index is inverted when incorporated into the overall PMI.

S&P Global Composite PMI Flash

52.8

The S&P Global Japan Composite PMI Output Index is a key indicator of overall private sector business activity in Japan. It is calculated as a weighted average of the Manufacturing Output Index and the Services Business Activity Index, with weights reflecting the relative size of each sector based on official GDP data. The index draws on survey responses from a representative panel of approximately 800 companies across the manufacturing and services sectors. Although often referred to as the ‘Composite PMI’, this index should not be confused with the headline Manufacturing PMI, as it uniquely captures output trends across both sectors. The Composite Output Index tracks key variables including sales, new orders, employment, inventories, and prices. It is presented as a diffusion index ranging from 0 to 100, where a reading above 50 signals overall growth compared to the previous month, and a reading below 50 indicates contraction.

S&P Global Services PMI Flash

52.2

The S&P Global Japan Services PMI is a monthly indicator of economic activity in Japan’s service sector, based on survey responses from around 400 companies across industries such as transport, finance, communication, real estate, and business services (excluding retail). Respondents report changes relative to the previous month, and results are presented as diffusion indices, ranging from 0 to 100. An index above 50 signals growth, while below 50 indicates contraction. The main metric is the Services Business Activity Index, reflecting changes in business activity volume and serving as the headline figure. While sometimes called the "Services PMI," it is not directly comparable to the headline Manufacturing PMI, but aligns more closely with the Manufacturing Output Index.