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WilliamsonChris's profile
Chris Williamson
Chris Williamson
Chris Williamson
@WilliamsonChris

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Chris Williamson

@WilliamsonChris

Chief Business Economist, IHS Markit, producing PMI surveys & other economic indicators worldwide for 30(!) years. Tweets subject to http://markit.com/social-media-d …

London
ihsmarkit.com
Joined March 2009

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    1. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

      Global Manufacturing PMI fell to 49.3 in July, lowest since October 2012 and indicating a third successive deterioration of business conditions. The number of countries now in decline has increased to 19 out of 30 which is the highest since August 2012 https://bit.ly/2YF63jK  1/pic.twitter.com/t8vNmWeARQ

      2 replies 20 retweets 23 likes
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    2. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

      Besides the global financial crisis, the only other time that the PMI survey has recorded a steeper global manufacturing downturn has been the Asian financial crisis of 1998-1999, the dot-com bubble bursting in 2000-2001 and the European sovereign debt crisis of 2012 2/pic.twitter.com/v5b6copdME

      1 reply 2 retweets 8 likes
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    3. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

      19 out of 30 countries in manufacturing decline (sub-50 PMI). List now includes China, Japan, Germany, UK, Spain, Italy, Brazil, Russia, Taiwan, South Korea & Mexico. Business conditions more or less stagnated in the US and Canada, with the US PMI down to its lowest since 2009 3/pic.twitter.com/8lJhaKFH1W

      1 reply 3 retweets 6 likes
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      Chris Williamson‏ @WilliamsonChris 1 Aug 2019

      Even more countries are suffering an export decline as global growth slows and trade wars take thier toll, with #Germany leading the decline. However, there are some signs of trade diversion from US-China trade war benefitting other Asian countries such as Vietnam 4/pic.twitter.com/G3FW4mwefU

      8:14 AM - 1 Aug 2019
      • 3 Likes
      • Don Balduccio Chief Lek
      1 reply 0 retweets 3 likes
        1. New conversation
        2. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

          The amount of inputs bought by manufacturers worldwide fell in July at sharpest rate since Sept 2012. Suppliers increasingly offered discounts to shift unsold stock, meaning input costs rose globally at the slowest rate since prices began rising in April 2016 5/pic.twitter.com/fSmtqT2ghA

          1 reply 2 retweets 8 likes
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        3. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

          Average selling prices at the factory gate failed to rise globally for the first time since August 2016 as manufacturers increasingly competed on price, but price trends varied by country. US notably saw prices rise to a greater extent than any other country surveyed in July 6/6pic.twitter.com/xgQyIuQUID

          1 reply 1 retweet 2 likes
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        4. Chris Williamson‏ @WilliamsonChris 1 Aug 2019

          all of which is explained more fully here ... https://ihsmarkit.com/research-analysis/accelerating-global-manufacturing-downturn-spreads-to-more-countries-in-july-010819.html …

          0 replies 0 retweets 1 like
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        5. End of conversation

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