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IHS Markit Global Sector PMI™

IHS Markit



 
IHS Markit Global Sector PMI™
Mar 2021
 
     
  Financial services continues to lead global growth in February  
 
Abstract

Key findings

  • Record increase in global banking activity
  • Sharpest growth in insurance and real estate activity for over five years
  • Slowest decline in tourism & recreation activity of current downturn, but marked job shedding

Financial services continued to lead global growth in February, according to the latest Global Sector PMI™ data from IHS Markit. The three-fastest growing sectors were all located in the broad Financials grouping, with Banks top of the growth rankings for the second month running, followed by Insurance and Real Estate respectively. The fourth finance-related sector – Other Financials – was ranked seventh during the month.

Banking activity rose at the strongest rate since the global sector series began in October 2009, while Insurance and Real Estate posted the sharpest increases in activity for over five years. The overall rise in financial services activity was the sharpest since February 2012.

Aside from financial services, the fastest growing sectors in February were Machinery & Equipment (4th), Technology Equipment (5th), Automobiles & Auto Parts (6th) and Pharmaceuticals & Biotechnology (8th). Notably, the autos sector registered the slowest rise in production of its current eight-month upturn.

Six sectors registered falling business activity in February. The strongest decline was in Transportation, followed closely by Tourism & Recreation which registered the slowest reduction in activity since the current sequence of contraction began in February 2020. Media posted the third-fastest decline, while marginal falls were signalled in Construction Materials, Telecommunication Services and Forestry & Paper Products.

Although Tourism & Recreation posted a slower decline in activity, it recorded by far the sharpest rate of job shedding among all sectors monitored in February. Real Estate and Insurance registered the fastest growth in workforces.

 

 
     
     Month Index Source Link  
  Mar 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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News & Trends
 

Last update 6 Apr 2021
March PMI at second-highest on record amid marked new order growth and supply chain disruptions
   Source: Markit US Manufacturing PMI ™  -  IHS Markit
United States 


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