Worldwide Manufacturing PMI January 2014

by Eduardo Petazze
In January 2014 the global manufacturing activity continues to expand, at a slightly lower pace for second consecutive month
For the JP Morgan global indicator, at 52.9 in Jan14, little-changed from a revised 53.0 (53.3) in Dec12
Our expectation is that the downward trend in the expansion of global manufacturing continue throughout 2014, as they go accentuating the reduction of monetary
stimulus in the developed world.
Mfg. Jan. 2014 Summary
Rate of change
Number of countries
negative unchange positive total
Expanding (PMI>50.09)
9
1
22
32
Stable (PMI~50.0)
1
0
0
1
Contracting (PMI<49.91)
4
0
2
6
Total
14
1
24
39
Worldwide Manufacturing PMI (Seasonally Adjusted)
2013
2014
last month
weight
Reference links
Country
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Chg. Direction
Rate of Chg
1.36%
Australian Industry Group
Australia
40.2 45.6 44.4 36.7 43.8 49.6 42.0 46.4 51.7 53.2 47.7 47.6 46.7 -0.9 Contracting Faster
0.49%
Bank Austria
Austria
48.6 48.3 48.1 47.8 48.2 48.3 49.1 52.0 51.1 52.7 54.3 54.1 54.1 0.0 Expanding Unchange
3.31%
HSBC - Jan14 report
Brazil
53.2 52.5 51.8 50.8 50.4 50.4 48.5 49.4 49.9 50.2 49.7 50.5 50.8 0.3 Expanding Faster
2.07%
See detail below
Canada
54.7 54.1 55.5 51.2 58.2 53.9 50.2 51.6 53.1 59.2 54.5 49.9 54.3 4.4 Expanding from contracting
18.27%
See detail below
China
51.4 50.3 51.3 50.5 50.0 49.2 49.0 50.6 50.7 51.2 51.1 50.8 50.0 -0.8 Stable
0.39%
HSBC - Jan14 Reportt
Czech Rep. 48.3 49.9 49.1 49.5 50.1 51.0 52.0 53.9 53.4 54.5 55.4 54.7 55.9 1.2 Expanding Faster
0.29%
DILF
Denmark
55.5 61.5 52.4 50.1 56.3 56.8 57.1 59.4 55.2 54.1 58.0 53.6 56.3 2.7 Expanding Faster
0.75%
HSBC - Jan14 Report
Egipt
45.0 46.0 44.8 44.2 48.5 47.5 41.7 42.2 44.7 49.5 52.5 52.0 48.7 -3.3 Contracting from expanding
3.10%
MARKIT
France
42.9 43.9 44.0 44.4 46.4 48.4 49.7 49.7 49.8 49.1 48.4 47.0 49.3 2.3 Contracting Slower
4.41%
MARKIT / BME
Germany
49.8 50.3 49.0 48.1 49.4 48.6 50.7 51.8 51.1 51.7 52.7 54.3 56.5 2.2 Expanding Faster
0.36%
MARKIT
Greece
41.7 43.0 42.1 45.0 45.3 45.4 47.0 48.7 47.5 47.3 49.2 49.6 51.2 1.6 Expanding from contracting
0.52% HSBC composite - Jan14 Rep. Hong Kong 52.5 51.2 50.5 49.9 49.8 48.7 49.7 49.7 50.0 50.1 52.1 51.2 52.7 1.5 Expanding Faster
0.27%
MLBKT
Hungary
55.9 54.1 55.5 51.5 47.1 50.8 49.0 51.8 54.5 51.0 52.6 50.2 57.9 7.7 Expanding Faster
6.78%
HSBC - Jan14 Report
India
53.2 54.2 52.0 51.0 50.1 50.3 50.1 48.5 49.6 49.6 51.3 50.7 51.4 0.7 Expanding Faster
1.75%
HSBC - Jan14 report
Indonesia
49.7 50.5 51.3 51.7 51.6 51.0 50.7 48.5 50.2 50.9 50.3 50.9 51.0 0.1 Expanding Unchange
0.26%
Investec
Ireland
50.3 51.5 48.6 48.0 49.7 50.3 51.0 52.0 52.7 54.9 52.4 53.5 52.8 -0.7 Expanding Slower
0.37%
IPLMA - Bank Hapoalim
Israel
49.3 53.6 51.8 50.8 47.1 46.0 47.6 47.6 44.9 46.6 44.5 46.8 49.5 2.7 Contracting Slower
2.47%
MARKIT / ADACI
Italy
47.8 45.8 44.5 45.5 47.3 49.1 50.4 51.3 50.8 50.7 51.4 53.3 53.1 -0.2 Expanding Slower
6.46%
MARKIT / JMMA
Japan
47.7 48.5 50.4 51.1 51.5 52.3 50.7 52.2 52.5 54.2 55.1 55.2 56.6 1.4 Expanding Faster
2.27%
HSBC - Jan14 report
Korea
49.9 50.9 52.0 52.6 51.1 49.4 47.2 47.5 49.7 50.2 50.4 50.8 50.9 0.1 Expanding Unchange
0.09% BLOMINVEST Bank - Report Lebanon
52.6 50.3 47.6 44.9 47.0 49.1 45.1 49.0 44.5 -4.5 Contracting Faster
2.52%
See detail below
Mexico
53.2 52.7 52.1 51.8 51.1 49.8 50.1 50.4 50.4 50.6 51.2 51.4 52.1 0.7 Expanding Faster
0.95%
NEVI
Netherlands 50.2 49.0 48.0 48.2 48.7 48.8 50.8 53.5 55.8 54.4 56.8 57.0 54.8 -2.2 Expanding Slower
0.19% Business NZ - Jan14 Report N. Zealand 55.0 55.7 53.5 54.7 58.2 54.6 59.2 57.2 54.5 56.1 57.0 56.4 56.2 -0.2 Expanding Slower
0.39%
NIMA - Dec13 report
Norway
50.2 48.2 49.9 48.7 52.3 46.8 48.0 53.0 52.4 53.7 54.1 51.4 52.8 1.4 Expanding Faster
1.11%
HSBC - Jan14 report
Poland
48.6 48.9 48.2 46.9 48.0 49.3 51.1 52.6 53.1 53.4 54.4 53.2 55.4 2.2 Expanding Faster
3.49%
HSBC - Jan14 Report
Russia
52.0 52.0 50.8 50.6 50.4 51.7 49.2 49.4 49.4 51.8 49.4 48.8 48.0 -0.8 Contracting Faster
1.27% SABB HSBC - Jan14 Report S. Arabia
58.1 58.5 58.9 58.0 57.3 56.6 56.6 57.5 58.7 56.7 57.1 58.7 59.7 1.0 Expanding Faster
0.46%
SIPMM
Singapore
50.2 49.4 50.6 50.3 51.1 51.7 51.8 50.5 50.5 51.2 50.8 49.7 50.5 0.8 Expanding from contracting
0.81%
See detail below
S. Africa
49.7 52.6 49.7 50.9 51.0 50.1 51.7 53.9 49.5 51.1 52.0 50.2 50.1 -0.1 Stable
Unchange
1.90%
MARKIT
Spain
46.1 46.8 44.2 44.7 48.1 50.0 49.8 51.1 50.7 50.9 48.6 50.8 52.2 1.4 Expanding Faster
0.54%
SILF - Jan14 Report
Sweden
49.2 50.9 52.1 49.6 51.9 53.5 51.3 52.2 56.0 52.0 56.0 52.2 56.4 4.2 Expanding Faster
0.51%
SVME / CREDIT SUISSE
Switzerland 52.4 50.3 49.2 49.9 51.6 51.4 55.9 54.7 55.4 55.4 57.5 55.0 56.1 1.1 Expanding Faster
1.27%
HSBC - Jan14 Report
Taiwan
51.5 50.2 51.2 50.7 47.1 49.5 48.6 50.0 52.0 53.0 53.4 55.2 55.5 0.3 Expanding Faster
1.59%
HSBC - Jan14 Report
Turkey
54.0 53.5 52.3 51.3 51.1 51.2 49.8 50.9 54.0 53.3 55.0 53.5 52.7 -0.8 Expanding Slower
0.37%
HSBC - Jan14 Report
UAE
55.0 55.4 54.3 54.0 55.3 54.1 54.5 54.5 56.6 56.3 58.1 57.4 57.1 -0.3 Expanding Slower
3.25%
MARKIT / CIPS
UK
50.5 47.9 48.6 50.2 51.5 52.9 54.8 57.2 56.3 56.5 58.1 57.2 56.7 -0.5 Expanding Slower
22.84%
See detail below
USA
52.8 53.1 52.4 50.8 50.9 52.1 54.4 54.5 54.2 54.8 56.1 55.5 53.7 -1.7 Expanding Slower
0.49%
HSBC - Jan14 Report
Vietnam
50.1 48.3 50.8 51.0 48.8 46.4 48.5 49.4 51.5 51.5 50.3 51.8 52.1 0.3 Expanding Faster
100.0% Worldwide Manufacturing PMI (see Note) 51.0 51.0 50.8 50.0 50.4 50.7 50.9 51.7 51.9 52.6 53.0 52.7 52.6 -0.1 Expanding Unchange
MARKIT
Euro area
47.9 47.9 46.8 46.7 48.3 48.8 50.3 51.4 51.1 51.3 51.6 52.7 54.0 1.3 Expanding Faster
HSBC EMI
Emerging
54.1 52.4 52.5 51.4 51.3 50.6 49.5 50.7 50.7 51.7 52.1 51.6 51.4 -0.2 Expanding Slower
JP Morgan
Global
51.4 50.9 51.1 50.4 50.6 50.6 50.8 51.6 51.8 52.1 53.1 53.0 52.9 -0.1 Expanding Unchange
More than one PMI survey
Country Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Chg. Direction
Rate of Chg
Markit / RBC - RBC release
50.5 57.1 49.3 50.1 53.2 52.4 52.0 52.1 54.2 55.6 55.3 53.5 51.7 -1.8 Expanding Slower
IVEY
Canada
58.9 51.1 61.6 52.2 63.1 55.3 48.4 51.0 51.9 62.8 53.7 46.3 56.8 10.5 Expanding from contracting
Canada average
54.7 54.1 55.5 51.2 58.2 53.9 50.2 51.6 53.1 59.2 54.5 49.9 54.3 4.4 Expanding from contracting
CFLP - Stats (Chinese)
50.4 50.1 50.9 50.6 50.8 50.1 50.3 51.0 51.1 51.4 51.4 51.0 50.5 -0.5 Expanding Slower
HSBC - Jan14 report
China
52.3 50.4 51.6 50.4 49.2 48.2 47.7 50.1 50.2 50.9 50.8 50.5 49.5 -1.0 Contracting from expanding
China average
51.4 50.3 51.3 50.5 50.0 49.2 49.0 50.6 50.7 51.2 51.1 50.8 50.0 -0.8 Stable
INEGI - SA data:
51.7 52.2 52.9 53.1 53.5 51.5 51.8 50.8 50.7 52.4 51.4 51.2 52.7 1.5 Expanding Faster
IIEEM report - SA data:
53.0 52.4 51.3 50.5 48.1 46.5 48.8 49.5 50.4 49.2 50.4 50.3 49.7 -0.7 Contracting from expanding
Mexico
HSBC- Jan14 Report
55.0 53.4 52.2 51.7 51.7 51.3 49.7 50.8 50.0 50.2 51.9 52.6 54.0 1.4 Expanding Faster
Mexico average
53.2 52.7 52.1 51.8 51.1 49.8 50.1 50.4 50.4 50.6 51.2 51.4 52.1 0.7 Expanding Faster
BER-KAGISO -Jan14 Rep -xls
49.1 53.6 49.3 50.5 50.4 51.6 52.2 56.5 49.1 50.7 52.4 49.9 49.9 0.0 Stable
Unchange
HSBC - Jan14 Report
S. Africa
50.3 51.5 50.0 51.3 51.5 48.5 51.3 51.2 49.8 51.5 51.6 50.5 50.3 -0.2 Expanding Slower
S. Africa Average
49.7 52.6 49.7 50.9 51.0 50.1 51.7 53.9 49.5 51.1 52.0 50.2 50.1 -0.1 Stable
Unchange
US Regional PMI (see below)
50.3 51.9 51.0 50.4 50.5 51.9 54.5 54.2 53.9 56.0 56.5 54.9 56.1 1.3 Expanding Faster
ISM Report On Business
52.3 53.1 51.5 50.0 50.0 52.5 54.9 56.3 56.0 56.6 57.0 56.5 51.3 -5.2 Expanding Slower
USA
MARKIT
55.8 54.3 54.6 52.1 52.3 51.9 53.7 53.1 52.8 51.8 54.7 55.0 53.7 -1.3 Expanding Slower
US average
52.8 53.1 52.4 50.8 50.9 52.1 54.4 54.5 54.2 54.8 56.1 55.5 53.7 -1.7 Expanding Slower
US Regional Average Manufacturing PMI
50.3 51.9 51.0 50.4 50.5 51.9 54.5 54.2 53.9 56.0 56.5 54.9 56.1 1.3 Expanding Faster
CHICAGO B. BAROMETER - MNI report 53.9 55.0 52.2 49.3 58.4 51.9 52.6 53.6 56.3 66.2 62.9 60.8 59.6 -1.2 Expanding Slower
Dallas Manufacturing as if it were PMI
53.1 51.5 53.3 49.6 51.0 53.3 53.1 50.7 51.7 53.0 52.8 51.0 53.0 2.0 Expanding Faster
Kansas City Fed Mfg. (SA) as if were PMI 49.5 46.0 48.0 48.5 51.0 47.5 52.5 53.0 51.0 53.0 53.0 48.5 52.5 4.0 Expanding from contracting
Richmond Mfg. Activity as if it were PMI
45.0 49.7 49.8 47.3 49.4 53.6 44.5 56.8 50.0 50.2 56.5 56.4 55.9 -0.4 Expanding Slower
Philadelphia - Business Outlook Survey
47.2 44.1 49.3 50.5 49.2 57.2 59.0 56.6 60.0 57.8 54.6 53.2 54.7 1.5 Expanding Faster
ISM - Milwaukee - (Bloomberg chart)
51.3 56.5 51.0 48.4 40.7 51.6 52.4 48.2 55.0 57.1 52.1 54.3 52.8 -1.5 Expanding Slower
ISM-NY - Jan14 Report
56.7 58.8 51.2 58.3 54.4 47.0 67.8 60.5 53.6 59.3 69.5 63.8 64.4 0.6 Expanding Faster
Empire State Mfg - Current conditions
46.0 53.6 53.2 51.2 50.1 53.5 54.4 54.2 53.4 51.6 50.4 51.1 56.3 5.1 Expanding Faster
Last data published in bold
Revised data in italics
Note: Worldwide Manufacturing PMI was weighted by GDP-PPP estimate by the IMF for 2013 (October 2013 estimate)
Also see:
GDP data confirm eurozones gathering recovery prospects
Global basic materials output expands at solid rate in January, though pace eases from December
Global financial services activity rises solidly at start of 2014
Worldwide PMIs highlight emerging market and developed world divergences
Global Sector PMI: Broad-based easing in growth in January
JPMorgan Global Composite PMI
Manufacturing highlights growing developed and emerging market divergences
Developed world leads global trade revival in January
US - Richmond Manufacturing PMI
US - Dallas Manufacturing PMI
US - Kansas City Manufacturing PMI
US - Chicago Fed National Activity Index (CFNAI)
US - Philadelphia Manufacturing PMI
The Empire State Manufacturing Survey