S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

U.K. PMI Relatively Good

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
August PMI data from the U.K. held up better than expected. Perhaps the nation will not slip into the recession that has gripped most of Europe. The government has been pressured to lessen austerity packages put into place early last year and take up some measure of stimulus. The new data may support those who want little change, as the economy may be “healing itself”

The Markit/CIPS UK Manufacturing PMI showed that “Downturn in UK manufacturing sector eases sharply in August”

Nevertheless, the numbers show that whatever stability may exists is tentative

The report detailed:

The downturn in the UK manufacturing sector showed signs of easing during August, following a
severe contraction in the previous month. The seasonally adjusted Markit/CIPS Purchasing Manager’s Index (PMI) rose to 49.5, from 45.2 in July, a four-month high and only slightly below the 50.0 mark that separates expansion from contraction. Manufacturing production fell for the second successive month in August, albeit to a much lesser degree than in July. The decline in output was centred on the investment goods sector. Output rose solidly at consumer goods producers, while intermediate goods companies saw a marginal return to growth.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

EU Double Dip Worsens: Eurozone PMI Still Weak — Markit

Research firm Markit reports and Eurozone PMI remained weak in August. The data show that most of Europe has dropped into a double dip recession.…

Trey Thoelcke |

Economic Activity Across the Eurozone Contracts in August

Research firm Markit put out its final PMI data for August. Among the eurozone nations, the figures were worse than flash data given earlier.…

Jon C. Ogg |

PMI Shows Manufacturing and Employment Ahead of Labor Department Data

ThinkstockThe Markit U.S. Manufacturing PMI has released its final data for the month of August, showing a drop as output…

Trey Thoelcke |

Economic Slowdown Continues in the Eurozone

nationsonline.orgDespite the European Central Bank’s aggressive new bond-buying plan, private-sector activity across the eurozone contracted at its fastest pace since…

Douglas A. McIntyre |

Europe PMI Downturn Eases, but Recession Continues

ThinkstockThe good news for Europe is that the region’s drop in PMI weakened in May. The bad news is that…

Douglas A. McIntyre |

PMI Recovers in China and Much of Europe

ThinkstockIt would make sense that China’s economy might make some modest recovery because it has been such a powerful GDP…

Trey Thoelcke |

Europe Remains in Dire Economic Straits

Europe remains in deep economic trouble, judging by the Markit Eurozone PMI reading. Other data on unemployment and GDP is only confirms…

Paul Ausick |

US Flash PMI Lower in June

The flash US purchasing managers index (PMI) for June has dropped from 54 in May to 52.9. The reading comes…

Eurozone PMI Shows Modest Growth, No Recession
Douglas A. McIntyre |

Eurozone PMI Shows Modest Growth, No Recession

Markit has released its final data for the services section PMI across the eurozone. It covers the month of August.…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820