In The Last 24 Hours, We Learned A Lot About The Health Of The Economy

Over the last 24 hours, all eyes have been on the releases of the world’s purchasing manager’s index (PMI) reports, and Business Insider has been covering them live.

A reading above 50 signals expansion in the industry.

The basic lesson we learned was this: The Eurozone remains in a world of trouble. Peripheral PMI readings were weak, and core countries are dropping below 50. Basically the only bright post was Ireland and Austria. France and the Netherlands were particularly bad.

What follows is a compete round-up of all of the major PMI reports that have been released in the last 48 hours.

Netherlands Manufacturing PMI Drops To 49.0

With manufacturing sector operating conditions deteriorating marginally, a further decline in new orders led to falls in output and employment, with manufactures reporting that the economic climate remained difficult.

Source: Markit

Ireland Manufacturing PMI Drops to 50.1

Ireland Manufacturing PMI sat at 51.5 this past month, and the 50.1 mark means that conditions were relatively unchanged in April. The recovery pace of the manufacturing sector slowed, while new orders continued to increase and hiring became more rapid.

Source: Markit

Australia Manufacturing PMI Drops to 43.9

A decrease in manufacturing activity was a large reason for contractions in basic metals and other manufacturing items. Softer demand, a stronger Australian dollar, and a potential carbon tax made survey respondents cautious about Australia's outlook.

Source: Markit

United Kingdom Manufacturing PMI Dropped to 50.5

While April's PMI dropped to 50.5 from March's 51.9, this did mark the fifth consecutive month of expansion. There was a sharp reduction in new orders, and the production decline was mostly centered around the consumer goods sector.

Source: Markit

Canada Manufacturing PMI Rises to 53.3

With output and new orders increasing in April, and firms had greater client command which led to Canada PMI rising to 53.3 from 52.4 in March. New export orders grew, but while demand for jobs was up, this was the slowest job creation in three months.

Source: Markit

Japan Manufacturing PMI Drops to 51.0

New business rose at a solid rate, which led to the first increase in services employment since July 2008. Additionally, a positive outlook for activity encouraged firms to add employees. Data signal led the highest degree of optimism in the one-year outlook in 34 months.

Source: Markit

South Korea Manufacturing PMI Remains at 51.9

March's reading of 52.0 is in line with April's 51.9 mark, but the rate of expansion accelerated to the fasted in 14 months. Overall rate of expansion in new orders accelerated in April, reaching the highest mark since March 2011.

Source: Markit

Taiwan Manufacturing PMI Drops to 51.2

After reaching a 54.1 mark in March, Taiwan Manufacturing PMI dropped to 51.2 in April. Production at manufacturing companies increased for the third consecutive month, but hte latest growth of output was considerably weaker than in March.

Source: Markit

China Manufacturing PMI Rises to 49.3

This is the sixth consecutive month-on-month worsening of manufacturing sector operations, but China's PMI did rise to 49.3 which signals that the decrease in production was close to stabilizing in April. Output decreased for the second straight month and good producers continued to report underlying demand weakness.

Source: Markit

Indonesia Manufacturing PMI Drops to 50.5

After posting a 50.8 mark in March, Indonesia's PMI dropped slightly to 50.5. This was the lowest reading in three months and indicates only marginal improvement in operating conditions. Indonesia saw a lackluster trend of incoming new work in April.

Source: Markit

Russian Manufacturing PMI Rises to 52.9

Russia saw a considerable increase in their PMI number in April, rising to 52.9 from March's 50.8. New orders rose at a solid pace and the rate of expansion was the fastest since March 2011, with companies reporting a recovery in market conditions.

Source: Markit

India Manufacturing PMI Rises Slightly to 54.9

India's solid 54.9 is only marginally better than last month's 54.7 mark. Improved client demand and good quality products led to a further increase in new business for Indian manufacturers in April.

Source: Markit

Poland Manufacturing PMI Drops to 49.2

Poland's PMI fell below the 50.0 threshold in April, falling to 49.2 from 50.1 in March. A decline in new business drove the deterioration in operating conditions and the volume of new work fell for the third consecutive month.

Source: Markit

Turkey Manufacturing PMI Rises to 52.3

For the first time since January, Turkey's PMI sat above the 50.0 threshold, registering a 52.3 mark in April. New business expanded for the first time since the beginning of quarter one, and the rate of increase was the sharpest since November.

Source: Markit

Spain Manufacturing PMI Drops to 43.5

For the third straight month, Spain PMI has dropped, this time falling to 43.5 from March's 44.5. This recording signaled the fastest worsening of operating conditions since June 2009. Lower new business and the current economic crisis were main contributors to the fall in output.

Source: Markit

Czech Republic Manufacturing PMI Drops to 49.7

After blasting past the 50.0 mark last year with a 52.1 reading, production remained close to stagnant as Czech Republic PMI fell to 49.7. The volume of new work received was low, and new export orders fell for a sixth successive month.

Source: Markit

Italy Manufacturing PMI Drops to 43.8

The drop from 43.8 in April from 47.9 in March signals the sharpest deterioration in business conditions facing Italian manufacturers since last October. New orders placed fell sharply, and marked the eleventh straight monthly decrease in incoming new business.

Source: Markit

Greece Manufacturing PMI Drops to 40.7

After posting a low 41.3 reading in March, Greece PMI dropped even further to 40.7 in April. Output and new orders fell rapidly to start quarter two, and a fall in foreign sales was recorded as international demand remained low.

Source: Markit

Brazil Manufacturing PMI Drops to 49.3

After posting a positive 51.1 in March, Brazil PMI dropped to 49.3 in April. The drop was at least partially linked to deterioration in manufacturing business conditions and weaker client demand. New export orders also decreased.

Source: Markit

Eurozone Manufacturing PMI Drops to 45.9

Eurozone PMI dropped to a three-year low of 45.9, which was down from 47.7 in March. The only Eurozone nations with an above 50.0 no-change mark were Austria and Ireland. Conditions in France and the Netherlands also contracted at a rapid rate.

Source: Markit

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