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December PMI data will provide the first indication of how the global economy is faring through the end of the fourth quarter and whether the slowing pace of expansion in November continued. November's slight slowing reflected some cooling of initial lockdown rebounds and renewed waves of virus infections in many countries, which led to increased lockdowns. Containment measures are generally much less severe than in the second quarter, but they still have the potential to further temper growth, particularly in the service sector.
More insights into how the recovery is progressing and the impact of heightened restrictions in some nations will be revealed by the final December data, published between 4 and 6 January.
Join our 30-minute global PMI webcast followed by QA, to gain a detailed overview of the latest trends, including details on both manufacturing and services conditions in all major developed and emerging markets
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Chief Business Economist, IHS Markit