|
|
23.06.25 - 16:06
|
US PMIs Beat Expectations In Early June Data, But... (ZeroHedge)
|
|
US PMIs Beat Expectations In Early June Data, But...
Following May's resurgence in 'soft' survey data, S&P Global's PMI surveys were expected to dip modestly in preliminary June data this morning.
But the picture was mixed with both Manufacturing flat (but beating expectations 52.0 vs 51.0 exp) and Services down very modestly (but beating expectations 53.1 vs 52.9 exp) rising at the start of June (even as hard data fades)...
Source: Bloomberg
However, prices also rose sharply in the service sector, likewise often attributed to tariffs but also reflecting higher financing, wage and fuel costs. Service sector input costs and selling prices nonetheless rose at slower rates than in May, in part reflecting more intense competition.
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:
“The June flash PMI data indicated that the US economy continued to grow at the end of the second quarter, but that the outlook remains uncertain wh...
|
|
06.06.25 - 19:18
|
Does Consumer Spending Drive Earnings Growth? (ZeroHedge)
|
|
Does Consumer Spending Drive Earnings Growth?
Authored by Lance Roberts via RealInvestmentAdvice.com,
It would seem evident that most investors would understand that consumer spending drives economic growth, ultimately creating corporate earnings growth. Yet, despite this somewhat tautological statement, Wall Street appears to ignore this simple reality when forecasting forward earnings. As discussed recently, S&P Global's current estimates show earnings are growing far above the long-term exponential growth trend from 1936. Unfortunately, with regularity, earnings tend to repeatedly revert to the long-term trend due to economic recessions, financial crises, or other events that crimp economic activity. In the chart below, earnings haven't stayed at the top of the long-term growth trend channel for long. The current exponential growth trend for earnings is $195/share.
The obvious question is, what would cause earnings to revert so drastically from current levels? Unfortunately, there is no...
|
|
|
|
|
|
|
|
|
13.02.25 - 07:54
|
Le Pallec on US Inflation, Global Credit Outlook (Bloomberg)
|
|
Yann Le Pallec, President of S&P Global Ratings speaks with Bloomberg TV's Joumanna Bercetche on the Horizons Middle East and Africa show. He discusses why he sees more favorable credit conditions if rates continue lower. (Source: Bloomberg)...
|
|
|
|
|
20.12.24 - 17:06
|
S&P Global Mobility Forecasts 89.6 Million New Vehicle Sales Worldwide In 2025 (Reuters EN)
|
|
BRIEF-S&P Global Mobility Forecasts 89.6 Million New Vehicle Sales Worldwide In 2025 Dec 20 (Reuters) - S&P Global Mobility: S&P GLOBAL MOBILITY: FORECASTS 89.6 MILLION NEW VEHICLE SALES WORLDWIDE IN 2025, REFLECTING CAUTIOUS RECOVERY GROWTH S&P GLOBAL MOBILITY: GLOBAL LIGHT VEHICLE SALES FOR FULL YEAR 2024 ARE EXPECTED TO REACH 88.2 MILLION UNITS...
|
|
|
02.12.24 - 10:09
|
Euro zone Nov factory activity fell sharply; outlook gloomy, PMI shows (Reuters EN)
|
|
Euro zone Nov factory activity fell sharply; outlook gloomy, PMI shows LONDON, Dec 2 (Reuters) - Euro zone manufacturing activity fell sharply last month and a further decline in demand likely dashed any hopes for an imminent recovery after the sector had showed some signs of stabilisation in October , a survey showed. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, sank to 45.2 in November, matching a preliminary estimate and further below the 50 m...
|
|
02.12.24 - 09:08
|
Polish manufacturing PMI dips as new orders fall, outlook weakens (Reuters EN)
|
|
Polish manufacturing PMI dips as new orders fall, outlook weakens WARSAW, Dec 2 (Reuters) - Poland's manufacturing sector saw a renewed contraction in November as new orders fell at their fastest pace in three months, pushing output back into decline, an S&P Global business survey showed on Monday. The Poland Manufacturing Purchasing Managers' Index (PMI) slipped to 48.9 in November from 49.2 in October, marking the first drop in five months....
|
|
|
22.11.24 - 06:39
|
S&P lowers outlook on three Adani units after US indictment of founder (Reuters EN)
|
|
UPDATE 1-S&P lowers outlook on three Adani units after US indictment of founder Adds details in paragraphs 6-8 Nov 22 (Reuters) - S&P Global Ratings lowered its outlook on three Adani Group entities to 'negative' from 'stable' on Friday, citing risks to funding access following a U.S. indictment of the conglomerate's billionaire founder, Gautam Adani, on bribery charges....
|
|