Tag Archives: PMI
Japan Soaring Inflation Sparks Frenzy, What’s Next for BOJ?
Unraveling the Dynamics: Bank of Japan’s Response to Accelerating Inflation In November 2023, Japan witnessed an unexpected surge in inflation, sending ripples through its economic landscape. For the first time in four months, the core consumer price index—which does not include the cost of fresh food—rose 2.9% over the prior year. Concurrently, the headline inflation […]
Focus on XAU/USD Today – 21st November 2023
Comprehensive XAU/USD for November 21, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU/USD for 21st November 2023. Key Takeaways XAU/USD Technical Analysis XAU/USD Daily Chart Insights XAU/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion
Singapore’s PMI Moderate Growth, Index Hits 1.2-Year High
Singapore’s Manufacturing Sector: A Resilient Recovery and Soaring Confidence In the ever-evolving landscape of Singapore’s manufacturing sector, the latest data paints a promising picture of recovery and growth. The Purchasing Managers’ Index (PMI) for October 2023 inched up slightly to 50.2, marking the second consecutive month above the pivotal 50-point threshold. This upward trend signals […]
Job Security Endures Amid Australia’s Sluggish Manufacturing
Reviving Australian Manufacturing: A Roadmap for Success In recent times, Australia’s manufacturing sector has faced a challenging landscape. The Manufacturing PMI hit its lowest level in six months, declining to 48 in October 2023 from 48.7 in the previous month. This marks the eighth consecutive monthly decline in business conditions, a cause for concern. Understanding […]
US PMI Improved, But Stagnant Inflation Loomed
US Manufacturing PMI Shows Improvement, but Stagnant Inflation Remains a Concern The ISM manufacturing purchasing managers’ index rose to 49 in September from 47.6 last month, well above market expectations of 47.8, reflecting the slowest contraction in the U.S. manufacturing industry in ten months. Even as the economic slowdown improved, data still showed U.S. factory […]
