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Metals output rises for first time since September 2018

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Christian Fernsby ▼ | February 10, 2020
Global Sector PMI indices are compiled from responses to questionnaires sent to purchasing managers in IHS Markit's global PMI survey panels, covering over 27,000 private sector companies in more than 40 countries.
Business   Metals and mining output rose for the first time in 16 months
Global metals and mining output rose for the first time in 16 months in January.

Topics: Metal

The increase in metals output drove overall growth of the broad basic materials sector.

This segment also includes chemicals, where output was stable in January, and forestry and paper products, where a slower decline was registered.

Finance-related sectors dominated the top of the growth rankings again in January, with real estate, banks and other financials placed first, third and fourth respectively.

Global real estate activity rose at the strongest rate since October 2017.

Insurance remained an outlier, posting only a marginal increase in activity in January.

Automobiles and auto parts registered the steepest drop in output of all sectors in January.

The rate of decline was unchanged from December and continued the reversal evident since a stabilisation in production last November.

Other consumer goods sectors also saw weaker trends, with beverages and food posting the slowest growth since February 2017, while output of household and personal use products fell for the first time in nearly two years.