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IHS Markit Global Sector PMI™

IHS Markit



 
IHS Markit Global Sector PMI™
Aug 2020
 
     
  Autos and chemicals drive manufacturing-led output growth in July  
 
Abstract

Key findings

  • Fastest expansion of global autos output since November 2017
  • Four other pure manufacturing sectors in top six rankings, led by chemicals
  • Six sectors record lower output in July

 
The July sector PMI™ data from IHS Markit signalled that the majority of sectors achieved growth of output at the start of the second half of 2020, as governments continued to ease restrictions brought in to contain the coronavirus disease 2019 (COVID-19) pandemic.

Global Sector PMI indices are compiled from responses to questionnaires sent to purchasing managers in IHS Markit's global PMI survey panels. Indices are available for the basic materials, consumer goods, consumer services, financials, healthcare, industrials, technology and telecommunication services industry groups, and sub-sectors of these groups.

Out of 21 sectors monitored, 15 recorded expansion in July, up from four in June. Automobiles & auto parts registered the fastest rate of growth, with the strongest rise in production since November 2017. Chemicals was ranked second, with growth at a 31-month high, followed by pharmaceuticals & biotechnology which saw the strongest expansion since December 2018. Three manufacturing sectors completed the top six – household & personal use products, construction materials and forestry & paper products. Healthcare services and banks were the fastest-growing pure service sectors. Six sectors registered further declines in output in July. Other financials displaced technology equipment as the fastest-contracting sector, followed by tourism & recreation.

Although the majority of sectors recorded higher output in July, all but three continued to cut employment. Only real estate, healthcare services and pharmaceuticals & biotechnology registered higher staffing in July. The strongest rate of job shedding was in metals & mining, followed by automobiles & auto parts.

 

 
     
     Month Index Source Link  
  Aug 2020 Markit 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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