Индекс PMI Еврозоны на максимальном уровне за последние 11 месяцев и новые заказы показывают практическую стабилизацию рынкаMarkit Eurozone Manufacturing PMI – final data
PMI at 11-month high as output and new orders show near-stabilisationhttp://www.markiteco…enter.aspx(у меня в опере оттуда нифига не скачивалось, только через IE, на заметку, если не открывается)Key points:
� Final PMI at 11-month high and above flash.
� Near-stabilisation of output, with growth seen in
Germany, France, the Netherlands, Spain and
Austria.
-� Restocking of intermediate goods drives the
recovery, but demand for consumer goods also
returns to growth.
Summary:
At 46.3, up from 42.6 in June, the final Markit
Eurozone Manufacturing PMI® for July rose above
the flash estimate of 46.0, registering the secondstrongest
rise in points terms in the history of the
survey (beaten only by May’s record rise). Although
still below 50.0 and therefore signalling a worsening
of business conditions for the fourteenth successive
month, the latest deterioration was the weakest for
eleven months.
Although PMIs remained below 50.0 in all countries
covered by the survey, the indices rose in all cases
to suggest further easings in the rates of decline, led
by a record rise in the PMI in Germany.
The improvement in the PMI was driven by a nearstabilisation
of manufacturing production. The rate
of decline of output has eased sharply in recent
months since hitting a record in February. Production
fell only marginally in July, with the latest decline less
than indicated by the flash reading and the best
performance since June of last year.
Output even returned to growth in Germany, France,
the Netherlands, Spain and Austria, although in all
cases the increases were only marginal. Further
contractions were meanwhile seen in Italy, Greece
and Ireland, though only the latter saw an
acceleration in the rate of decline.
Similarly, the rate of decline of new orders has
eased sharply since peaking last December. The
final index came in above the flash estimate to
register only a marginal drop in demand and the
smallest decline since new orders began falling in
April of last year.
New export orders fell at the slowest pace since
June of last year, led by rising export sales in the
Netherlands, France and Austria, and an
improvement to near-stabilisation in Germany.
Leading the ongoing recovery was a return to growth
in the intermediate goods sector, which saw the
largest increase in output since November 2007 and
in new orders since August 2007 as customers
rebuilt their inventories. New orders for consumer
goods also increased, rising for the first time since
May of last year, which in turn drove a marked
easing in the rate of decline in output of these
products. New orders and output of capital goods
meanwhile continued to turn down, but nevertheless
fell at sharply reduced rates during the month.
Stocks of finished goods fell at a near survey
record pace again in July, dropping sharply in all
countries. With inventories falling but new orders
showing a near-stabilisation, the orders:inventory
ratio rose to a two-and-a-half year high, improving in
all countries except Ireland, to suggest further
production gains in coming months as companies
focus on restocking.
Employment continued to fall at a rate never seen in
the survey’s history prior to the recent downturn as
companies sought to control costs. However, the
rate of job losses eased for the fourth successive
month to the lowest since last November (and was
slightly less than signalled by the flash). Job losses
slowed in all countries, most notably in Spain.
Rates of decline of both input costs and prices
charged slowed for the fourth month running in July,
but continued to fall at steep rates as price
discounting among suppliers and manufacturers
alike remained intense.
Comment:
Commenting on the PMI data, Markit Chief
Economist, Chris Williamson said:
“The final Eurozone PMI came in above the flash
estimate for the fourth successive month in July as
the rate of easing in the sector continued to
moderate towards the end of the month.
Page 2 of 2
Rob Dobson, Senior Economist
Telephone +44-1491-461-095
Email
rob.dobson@markit.comEncouragingly the final numbers for output and new
orders moved even closer to the 50.0 no-change
level, pointing to a near-stabilisation of production
and demand. However, this month also provides a
striking illustration of divergent country
performances, with tentative returns to growth in
Germany, France, the Netherlands and Spain
contrasting with further marked falls in output in
Italy and Ireland.”
-Ends-
Ключевые моменты:
- Индекс на максимальном уровне за последние 11 месяцев
- Практически достигнута стабилизация (перед очередным падением, хе-хе), даже отмечается рост заказов в Германии, Франции, Голландии, Испании и Австрии.
- Основным драйвером роста является обновление складских запасов, также отмечается, что начался рост потребительского спроса
Отредактировано: Jansen - 03 авг 2009 22:30:26