The World's Biggest Economies Seem To Be Turning The Corner

HEADS UP: The world's biggest economies will release their October manufacturing PMI reports over the next two days, and this is our scorecard.

Day one includes reports from the major Asian and American economies, as well as Greece.

Overall, PMI figures improved in October, including China.

One notable loser was Japan. However, this could be due to an ongoing row with China.

Earlier, we learned that China's official manufacturing PMI climbed to 50.2 in October, which was right in line with expectations.

The unofficial HSBC China PMI jumped to an 8-month high of 49.5, which was better than the 49.1 Flash number.

At the beginning of each month, Markit, HSBC, RBC, JP Morgan and several other major data gathering institutions publish the latest local readings of the manufacturing purchasing managers index (PMI) for countries around the world.

PMI is one of the best leading indicators of the economy. 

Each reading is based on surveys of hundreds of companies. Read more about it at Markit.

These are not the most closely followed data points.  However, the power of the insights is unparalleled. Jim O'Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the world.  BlackRock's Russ Koesterich thinks it's one of the most underrated indicators.

Click here to refresh this page for the latest updates to our scorecard >

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SCORECARD (All Times EST)

October 31 - November 1

November 2

  • 4:15 AM Spain: Markit Manufacturing PMI — in September 44.5
  • 4:45 AM Italy: Markit/ADACI Manufacturing PMI — in September 45.7
  • 4:50 AM France: Markit Manufacturing PMI — in September 42.7
  • 4:55 AM Germany: Markit/BME Manufacturing PMI — in September 47.4
  • 5:00 AM Eurozone Manufacturing PMI — in September 46.1


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