Global PMI review

Global manufacturing grew but still at subdued pace, growth has picked up in Europe as a whole but dropped most in Asia.

Reading above 50, indicates growth and below shows contraction.

• South Korea - PMI came at 49.2. New orders dropped at sharpest rate in 18 months.

• Japan - PMI came at 50.3, weakest reading in 10 months. Output growth slowest since October 2014. International sales volume is up.

• China - HSBC PMI slowed to 49.6. Total new orders decline first time since December 2014.

• Vietnam - PMI fell to 50.7 from prior 51.7. Manufacturing is growing 19 months at a stretch. New orders and output both rose.

• Indonesia - PMI came at 46.4, down from prior 47.5. Output growth and new orders fell at sharpest pace in at least four years.

• Ireland - PMI registered slight drop to 56.8 from prior 57.5. Employment increased at fastest pace.

• Russia - PMI slipped to 48.1 from prior 49.7. Output, new orders, employment all registered drop.

• Turkey - PMI dropped to 48 from 49.6. Manufacturing slowdown is gathering pace. Output fell at fastest pace.

• Poland - Headline PMI dropped to 54.8 from 55.1. Output and order growth still strong, however weaker currency gave rise to higher input costs. Cost rise is fastest in 17 months.

• Netherlands - PMI rose to 52.5 from 52.2. Export sales rose faster but overall production and new orders at slower pace.

• Spain - PMI rose to 54.4 from 54.2. Strongest rise in employment since 2007

• Czech Republic - PMI rose to 56.1 from 55.6. Manufacturing growth rate at six month high.

• Italy - PMI registered 53.3, compared to prior 51.9. PMI rose to 11 month high.

• France - PMI rose to 48.8 from 47.6. Production continue to fall for consecutive 10 months.

• Germany - PMI rose to 52.8 from prior 51.1. Output, production, employment all accelerating pace.

• Greece - PMI improve to 48.9 from 48.4. Factory production fell for straight three months.

• Austria - PMI registered 47.7. Headline fell to four month low.

• Euro zone - PMI registered 52.2 from 51. Faster growth leading to higher job creation.

• UK - Manufacturing rose to 54.4 from 54.1. PMI grew to eight month high.

• Brazil - PMI plummeted to 46.2 from 49.6. PMI slipped to 42 month low.

• Canada - PMI moved to 48.9 from 48.7. Manufacturing growth up from record low.

• US - US manufacturing rose to 55.7 from 55.1. Export sales showing weakness over stronger dollar.

• Mexico - PMI is down to 53.8 from 54.4. Output and new business orders continue to grow, however weaker peso leading to higher cost

• Global - PMI fell to 51.8 from 51.9. Output, new orders and exports are expanding and employment is improving. However both input and output prices continuing fall.