Chris Williamson Archives

Markets Sep. 24, 2020, 1:37 AM

US economic recovery weakens with election and pandemic presenting new risks, IHS Markit says

IHS Markit’s US Composite Output Index sank to 54.4 in September from 54.6, signalling the nation’s economic recovery continued into the fall, albeit at a slowing pace. The research firm’s services purchasing managers’ index weakened to 54.6 from 55, according to a Wednesday report. Its manufacturing gauge edged higher to […]

Markets Mar. 25, 2020, 2:31 AM

US economic activity tanks the most since 2009 as the coronavirus fuels an all-but-certain recession

IHS Markit’s composite purchasing managers index plummeted to 40.5 in March from 49.6, reaching a record low for the metric and posting its steepest single-month drop since October 2009. The firm’s services gauge sank 10.3 points to 39.1 in March, another record low and sharp contraction for the key economic […]

Markets Oct. 1, 2019, 7:53 PM

Europe’s manufacturing sector is spiraling downward. And there’s ‘worse to come.’

Europe’s economy just went from “bad to worse,” as manufacturing across the eurozone just hit its lowest level since October 2012. September’s PMI figure was 45.7, down from August’s figure of 47.0 adding to the continuous decline seen since the start of the year. IHS Markit said the figures indicated […]

News Jan. 12, 2018, 2:24 AM

Jeremy Corbyn ally quits shadow cabinet after calling for council tax to double

Close Jeremy Corbyn ally leaves Labour’s frontbench after calling for council tax to be doubled. In a statement Williamson says he is resigning in order to be free to campaign on “a broader range of issues.” S ources close to the Labour leader say the decision was “mutual”. LONDON – […]