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IHS Markit Global Sector PMI™

IHS Markit



 
IHS Markit Global Sector PMI™
Jan 2023
 
     
  Global Real Estate activity down at sharpest pace since opening wave of COVID-19 pandemic  
 
Abstract

Key findings

  • Real Estate remains worst performer in December
  • Signs of stabilisation in Tourism & Recreation
  • Pharmaceuticals & Biotechnology leads growth

The latest S&P Global Sector PMI™ data pointed to reductions in activity across a range of sectors at the end of 2022 as demand conditions deteriorated. Most categories continued to see employment increase, however.

As has been the case in recent months, the Real Estate sector was the worst performer in December, seeing a sharp decline in activity that was the fastest since April 2020. The fall was on the back of a further steep contraction in new orders. With financial conditions remaining challenging, Banks also recorded a marked drop in activity.

In all, 14 of the 21 monitored sectors saw output decrease in the final month of 2022. Some of the sharpest reductions were in the Forestry & Paper Products, Construction Materials and Chemicals categories.

Automobiles & Auto Parts remained in contraction, but rates of decline in output and new orders softened. Meanwhile, stocks of purchases and finished goods fell at the fastest rates in 20 and 15 months respectively as firms looked to scale back inventory holdings.

Despite demand and activity weakness, most sectors raised staffing levels. The sharpest increase in employment was in Pharmaceuticals & Biotechnology, which also led growth of activity. Output in the sector has now expanded on a monthly basis throughout the past two-and-a-half years.

Tourism & Recreation activity showed signs of stabilisation, falling only marginally as new business decreased at a softer pace. Firms in the sector kept employment broadly unchanged.

While all sectors posted a rise in output prices in December, rates of inflation varied markedly depending on the pricing power among firms. Charges were up only marginally in Real Estate and Forestry & Paper Products, but increased sharply in Industrial Services and Technology Equipment.

 

 

 
     
     Month Index Source Link  
  Jan 2023 S&P Global - Global Sector PMI ™ IHS Markit  
             

 

The Global Sector PMI data provide corporate planners and decision makers, economic analysts, policy makers and investors with a powerful and unique database with which to monitor business cycles by industry. Sector trends over time can be tracked as well as relative performance between sectors, allowing identification of key growth industries and the drivers within them. The dataset provides monthly indicators of business trends across variables such as output, order books, prices, inventories and employment for eight major groups including: basic materials, consumer goods, consumer services, financials, healthcare, industrials, technology and telecommunication services; and a further 26 sectors and subsectors of those groups.
(source: IHS Markit Global Sector PMI™ Index)


 


 

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Last update 11 Jan 2023
Global manufacturing downturn continues at end of 2022 as output and new orders fall further
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