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2 mins read
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
2 mins read
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
3 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
China's manufacturing activity shrinks in September, running at its slowest pace since the start of the pandemic due to the country's energy crunch
Manufacturing data from China is reflective of the impact of the recent energy crunch on production…
Shalini Nagarajan
2 mins read
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
1 min read
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…
2 mins read
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
2 mins read
US business activity leaps to fastest growth rate since February 2019, IHS Markit says
October indexes suggest the US "started the fourth quarter on a strong footing," Chris Williamson, …
Ben Winck
2 mins read
US factories struggle to meet demand as shortages slam production
Hiring difficulties, ballooning order backlogs, and supply-chain disruptions plagued factories in A…
Ben Winck
2 mins read
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
2 mins read
US business activity picks up as manufacturing gauge hits record high, IHS Markit says
The US services sector improved but remained pressured by COVID-19 lockdowns and increased input co…
Ben Winck
2 mins read
China's factory activity hits quickest expansion in 10 years in November, driven by a burst in output and new orders
The strong upturn in China's economy boosted the fastest increase in employment since May 2011, IHS…
Shalini Nagarajan
2 mins read
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
2 mins read
India's services sector grows for the first time in seven months as COVID-19 restrictions ease
Indian service sector activity ended the seven-month sequence of decline and registered growth in O…
PTI
2 mins read
Manufacturing at Indian companies rises at quickest pace in over a decade during October
In April, the index had slipped into contraction mode, after remaining in the growth territory for …