HEADS UP: Economies around the world are releasing their February manufacturing purchasing managers index reports, and this is our scorecard.
The anecdotes from the reports will be scrutinized carefully as economists attempt to separate short-term weather-related disruptions from the longer-term economic trends.
During the month, the eastern U.S. was battered by winter storms while the western U.S. struggled with droughts. Droughts also hit Brazil, sending coffee prices surging. Indeed, temperatures around the world have actually been unusually warm.
In terms of the real economy, all eyes will be focused on China, which continues to show signs of slowing. On Saturday, we learned China's official manufacturing PMI hit an 8-month low of 50.2. The unofficial HSBC PMI fell to 48.5, as output and new orders both declined for the first time since July 2013.
"Signs become clear that the risks to GDP growth are tilting to the downside," said HSBC's Hongbin Qu. "This calls for policy fine-tuning measures to stabilise market expectations and steady the pace of growth in coming quarters."
The global manufacturing PMI climbed to a 34-month high of 53.3.
"The manufacturing sector is downshifting from very rapid growth late last year," said JP Morgan's David Hensley. "The global PMI has not quite registered the shift due to weather-related distortions in the US survey, which bounced in February. However, excluding the US, the global PMI is trending lower. The March reading should give a clearer signal of underlying momentum."
Here's our scorecard with highlights:
Japan: JMMA Manufacturing PMI: 55.5 — down from 55.5 in January
-Sharpest rate of job creation in seven years, Prices charged increase at sharpest pace since October 2008
Brazil: HSBC Manufacturing PMI: 50.4 — down from 50.8
-Input cost and output price inflation both accelerate
China: Official Manufacturing PMI: 50.2 — down from 50.5
-An eight-month low
Australia: Ai Group Manufacturing PMI: 48.6 — up from 46.7
-The exports sub-index collapsed to 25.8 from 34.1.
South Korea: HSBC Manufacturing PMI: 48.5 — down from 49.5
-The first sub-50 reading since September
China: HSBC Manufacturing PMI: 48.5 — down from 49.5
-Both output and new orders decline for the first time since July 2013.
Vietnam: HSBC Manufacturing PMI: 51.0 — down from 52.1
-Slower rises in output and new orders
Taiwan: HSBC Manufacturing PMI: 54.7 — down from 55.5
-Employment levels increase at the slowest rate in seven months
Indonesia: HSBC Manufacturing PMI: 50.5 — down from 51.0
-Manufacturing sector business conditions improve for sixth month running
India: HSBC Manufacturing PMI: 52.5 — up from 51.4
-Both output and new order growth at 12-month highs
Russia: HSBC Manufacturing PMI: 48.5 — up from 48.0
-Strongest decline in new orders since May 2009
Ireland: Investec Manufacturing PMI: 52.9 — up from 52.8
-Rate of growth in production eased, but new orders increased at a faster pace
Netherlands: NEVI Manufacturing PMI: 55.2 — up from 54.8
-Employment returns to growth
Poland: HSBC Manufacturing PMI: 55.9 — up from 55.4
-Second-fastest rise in new business in survey history
Turkey: HSBC Manufacturing PMI: 53.4 — up from 52.7
-Strongest rise in new orders in three months
Spain: Markit Manufacturing PMI: 52.5 — up from 52.2
-Third successive monthly rise in output
Czech Republic: HSBC Manufacturing PMI: 56.5 — up from 55.9
-Headline Manufacturing PMI hits 34-month high
Italy: Markit/ADACI Manufacturing PMI: 52.3 — down from 53.1
-Robust increases in output and new orders recorded
France: Markit Manufacturing PMI: 49.3 — up from 49.7
-Marginal increase in production, Further drop in employment
Germany: Markit/BME Manufacturing PMI: 54.8 — down from 56.5
-Production and new orders rise sharply, albeit at weaker rates
Eurozone: Markit Manufacturing PMI: 53.2 — down from 54.0
-Broad-based expansion of output and new orders. Contraction in France eases.
UK: Markit/CIPS Manufacturing PMI: 56.9 — up from 56.6
-Manufacturing employment rises at fastest pace since May 20
US: Markit Manufacturing PMI: 57.1 — up from 56.7
-Job creation hits 11-month high
US: ISM Manufacturing: 53.2 — up from 51.3
-Of the 18 manufacturing industries, 14 are reporting growth in February
Canada: RBC Manufacturing PMI: 52.9 — up from 51.7
-Production levels increased for the tenth successive month
Mexico: HSBC Manufacturing PMI: 52.0 — up from 54.0
-New export work falls for first time in six months
Global: JPMorgan Manufacturing PMI: 53.3 — up from 53.0
-Manufacturing PMI hits 34-month high
Greece: Markit Manufacturing PMI
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. Read more about it at Markit.Click Here To Refresh This Page For Live Updates »
See Also:Warren Buffett Gets Away With Paying His Employees Less By Using This One Weird Trick12 Phrases You Should Never Say In A Professional ContextExplore The Secret Underground Tunnels Of The World's Most-Notorious Drug KingpinChinese Manufacturing PMI Falls To 8-Month Low Every Important Manufacturing Survey Is Conducted During A Different Time Of The Month