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Russia's war against Ukraine could spiral into the world's worst energy crisis since the 1970s, a top economic historian says
"This is going to be a really big disruption in terms of logistics, and people are going to be scra…
Shalini Nagarajan
Omicron shut down the economic recovery in January, sending private-sector growth to its weakest level since July 2020
IHS Markit's measure of overall business growth showed output slowing to 50.8 in January and teeter…
Ben Winck
Key indicators hint the supply-chain crisis is over and inflation will cool off soon
US manufacturers have more products on hand and orders are slowing down. The supply crisis could gi…
Ben Winck
US economic recovery weakens with election and pandemic presenting new risks, IHS Markit says
IHS Markit's Composite PMI sank to 54.4 in September from 54.6, signaling the US rebound continued,…
Ben Winck
China's factory sector nears decade-high led by boom in domestic demand, but exports slowed as COVID-19 spike hit US and Europe
Asia's second-largest economy is recovering from the start-of-the-year weakness, but declining expo…
Shalini Nagarajan
S&P Global strikes all-stock deal worth $44 billion to buy London-based financial data provider IHS Markit
The companies said they expect to generate annual free cash flow above $5 billion by 2023. The deal…
Shalini Nagarajan
US service sector expands for first time in 2020 on improved consumer spending, IHS Markit says
Both manufacturers and service providers benefited from increased consumer demand as lockdowns were…
Ben Winck
India's service sector grew the strongest in almost 11 years this October
New Delhi, Nov 3 (PTI) India's services sector activity expanded at the strongest pace in ten-and-a…
PTI
US businesses are growing faster than ever as the economy reawakens
A reopening began in March, and several indicators of US business activity hit record highs in Apri…
Ben Winck
Eurozone economy avoids stagnation in September as German factories get boost from export demand
The UK also lost momentum in the last month, even before new measures were imposed by the governmen…
Shalini Nagarajan
US business output climbs the most in nearly 6 years as services bounce back, IHS Markit says
While service-sector activity rebounded in a February reading, hiring didn't show a similar jump am…
Ben Winck
'Ferocity not previously seen in recent history': US economic output plunged the most since 2009 in April as the coronavirus lockdown spread
Service sector output, which accounts for two-thirds of the economy, plunged to 27 from 39.8. Manuf…
Ben Winck
US services expand at the fastest pace since 2014 amid surging demand, IHS says
The Institute for Supply Management's own services gauge signaled weaker growth due to supplier con…
Ben Winck
Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says
Global GDP growth should still a "bounce and fade," but soaring COVID-19 case counts "increased the…
Ben Winck
US business activity jumps to a 4-month high in June, showing that the shock of the coronavirus pandemic is easing
"The improvement will fuel hopes that the economy can return to growth in the third quarter," said …
Carmen Reinicke
Europe's economy bounced back sharply in June, but is not quite on track for a 'v-shaped' recovery yet, according to a widely-watched business survey
Markets will take only modest comfort from the business surveys as there isn't firm evidence of a s…
Shalini Nagarajan
India's manufacturing sector loses growth momentum in November, PMI falls to three-month low
India's manufacturing sector lost growth momentum in November, as a slower order flow and Covid-rel…
US business activity falls to 3-month low as virus cases slam recovery momentum, IHS says
While manufacturers saw only a slight dip in activity, stricter lockdown measures and rising costs …
Ben Winck
China's economy roared back in May while the rest of the world is slowly recovering, according to a widely-watched set of business surveys
Among a set of data released by IHS Markit on the same day, India's business activity index came ou…
Shalini Nagarajan
Chinese manufacturing output surged the most in 9 years in May, signaling a coronavirus recovery
However, government data suggested that overall manufacturing activity contracted in May.