The service sector remains in the shadows, but activity doesn’t appear to be getting any darker, with a seasonally adjusted PSI for May at 46.2.
Benchmarking
Manufacturing remains in tight band of activity – PMI
Although manufacturing activity experienced a slightly larger decrease in activity in May, the sector generally remains in a tight band of performance since the start of the year, with a seasonally adjusted PMI for May at 42.7.
Service sector not out of the woods yet – PSI
The service sector took a turn for the worse in April, with a seasonally adjusted PSI for April at 43.7
Manufacturing shows glimmers of hope – PMI
Manufacturing had its second consecutive improvement in April, although the sector continues to remain in contraction, with a seasonally adjusted PMI for April at 43.7.
Services sector still weak – PSI
There were positives and negatives in the service sector in March, with a seasonally adjusted PSI for March at 47.1.
Rate of manufacturing activity decline eases in March – PMI
Manufacturing activity was still contracting during March, with a seasonally adjusted PMI for March at 40.7.
Service sector continues weak demand – PSI
Despite experiencing an improvement in activity levels for February, the service sector remains in contraction, with a seasonally adjusted PSI for February at 46.3.
Manufacturing declined further in February – PMI
Last month manufacturing declined to its second lowest level on record, with a seasonally adjusted PMI for February at 38.6.
Service sector has tough start to 2009 – PSI
Last month was the worst ever surveyed in the service sector, with a seasonally adjusted PSI for January at 42.7.
Weak production and new orders continues contraction in manufacturing activity – PMI
Manufacturing activity got off to a poor start in 2009 with continued contraction in the sector, with a seasonally adjusted PMI for January at 42.0.
Service sector continues weak run through to Xmas – PSI
The service sector continued to remain weak through to the end of 2008, with a seasonally adjusted PSI for December at 48.0.
Service sector in tough times leading into Xmas – PSI
There is little Xmas cheer for the service sector as 2008 draws to a close, with a seasonally adjusted PSI for November at 47.3.