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IHS Markit Global Sector PMI™

IHS Markit



 
IHS Markit Global Sector PMI™
Jun 2021
 
     
  Global tourism & recreation sector rebounds in May as economies reopen  
 
Abstract

Key findings

  • Fastest increase in business activity in Tourism & Recreation since series began in October 2009
  • Real Estate, Insurance and Industrial Services also set record growth rates
  • Majority of sectors post record high rates of charge inflation in May


The latest Global Sector PMI™ data from IHS Markit revealed universal growth of both output and new orders across all 21 sectors monitored for the second successive month in May. Moreover, all sectors except Tourism & Recreation recorded higher employment, repeating the pattern observed in April. The latest data also revealed surging inflationary pressures, with seven sectors registering record input cost inflation in May and 12 posting record output price inflation.

The strongest rate of growth in business activity in May was registered in Real Estate, which topped the rankings for the first time since January 2020. Moreover, at 63.3, the Global Real Estate Business Activity Index was a record high since the series began in October 2009. The next-fastest growing sector was Tourism & Recreation, which climbed 14 places since April and also set a series-record pace of expansion. Record increases in activity were also signalled in Insurance and Industrial Services. Rapid growth was also signalled in Healthcare Services, in third place overall with the second-strongest expansion on record (behind November 2020).

For the second month running, all sectors except Tourism & Recreation recorded higher employment. The strongest growth rates were in Healthcare Services, Insurance and Technology Equipment, with the latter two also posting series-record increases in May.

May data signalled surging price pressures across many sectors. Seven sectors recorded record rates of input price inflation, while 12 registered record output price inflation during the month. On both metrics, Metals & Mining recorded the fastest rates of inflation across all sectors monitored.

 

 

 

 
     
     Month Index Source Link  
  Jun 2021 Markit Global Sector PMI ™ IHS Markit  
             

 

The Global Sector PMI data provide corporate planners and decision makers, economic analysts, policy makers and investors with a powerful and unique database with which to monitor business cycles by industry. Sector trends over time can be tracked as well as relative performance between sectors, allowing identification of key growth industries and the drivers within them. The dataset provides monthly indicators of business trends across variables such as output, order books, prices, inventories and employment for eight major groups including: basic materials, consumer goods, consumer services, financials, healthcare, industrials, technology and telecommunication services; and a further 26 sectors and subsectors of those groups.
(source: IHS Markit Global Sector PMI™ Index)


 


 

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