Welcome to the Manufacturing PMI Rollercoaster! Hold on tight, folks! Key findings: According to the latest data, the HCOB Eurozone Manufacturing PMI has dropped to 45.8 from the preliminary figure of 45.6 and the previous month’s 47.3. This marks a 2-month low for the industry. Additionally, the HCOB Eurozone Manufacturing PMI Output Index has fallen…
Italy’s manufacturing sector faces continued downturn The current state of Italy’s manufacturing industry The downturn continues in Italy’s manufacturing sector, with it staying in contraction territory for a third straight month. Weaker demand conditions continue to be the bane for most of the euro area at the moment. This led to a decline in production…
Market Outlook for the Week: Monday: Monday is expected to be a busy day in the financial markets as investors eagerly await the release of the ISM manufacturing PMI and ISM manufacturing prices for the U.S. These key indicators will provide valuable insight into the health and growth of the U.S. manufacturing sector, which has…
AstraZeneca’s Healthy Heart Africa Programme Expands Ambition to Tackle Chronic Kidney Disease Introduction In a groundbreaking move to tackle the growing threat of non-communicable diseases (NCDs), the Ministry of Health Uganda, AstraZeneca, and the Uganda Protestant Medical Bureau (UPMB) launched a collaborative partnership under the Healthy Heart Africa (HHA) program. Recognising the interconnected nature of…
House Prices Hold Steady in the UK Despite Subdued Market Activity A delay in the release by the source: +0.4% House prices in the UK continue to hold up but Nationwide argues that activity in the market remains fairly subdued despite that. The firm notes that: “Housing market activity has been broadly flat over the…
Eurozone PMI manufacturing finalized at 45.8, recovery pushed to late summer Challenges Continue for Eurozone Manufacturers The Eurozone manufacturing Purchasing Managers’ Index (PMI) for June came in at 45.8, down from May’s 47.3. This indicates that the manufacturing sector in the Eurozone is still facing challenges and continues to contract. Among the member countries, only…
Ugandan Government’s Budgetary Allocation: A Concern for Economic Growth In a concerning development for Uganda’s economy, the government’s recurrent expenditure overshadows capital expenditure, hindering the provision of infrastructure, investments, and potentially impeding economic growth. When recurrent expenditure exceeds capital expenditure, it creates an imbalance that has consequences for employment rates, infrastructure development, and overall economic…
Manufacturing PMI (final) 45.4 vs. 45.3 prelim and 46.4 prior Key Findings: New orders decrease at a quicker pace, weighing on production. The latest manufacturing Purchasing Managers’ Index (PMI) data shows a slight decrease from the preliminary report, indicating that new orders are declining at a faster rate. This trend is putting pressure on production…
