Inaugural Kuwait PMI® to be released
April 3, 2024
NEW
YORK, April 1, 2024 /PRNewswire/ --
S&P Global Market Intelligence, a provider of information
services and solutions to global markets, today announced the
launch of the S&P Global Kuwait Purchasing Managers'
IndexTM (PMI®). With the addition of the new
indicator for Kuwait, S&P
Global expands its reach in the Gulf Cooperation Council (GCC), now
covering four countries. In total, S&P Global produces PMI data
for 46 countries.
The S&P Global PMI series, produced by S&P Global Market
Intelligence, is one of the most closely watched global business
surveys, used by central banks, financial markets and business
decision makers for their ability to provide up-to-date, reliable
and unique monthly indicators on economic trends.
"We are delighted to announce the addition of Kuwait to the economies for which S&P
Global compiles and publishes PMI survey data, in particular as
this further expands the survey coverage in the Middle East to widen the portfolio of truly
internationally comparable economic data," said Chris Williamson, Chief Business Economist at
S&P Global Market Intelligence. "This expansion also
demonstrates our commitment to providing high-frequency economic
indicators in this important region, a focus on which will be
especially closely monitored in relation to the transition from oil
dependency to other services and manufacturing sectors covered by
the PMI."
The new Kuwait PMI® will provide a leading indicator
with which policymakers, investors and businesses can gauge the
health of the Kuwaiti business environment outside of the oil
sector. The Kuwait survey data
have been collected monthly since 2018, allowing the current
business situation to be analyzed in the context of recent
historical trends, including over the COVID-19 pandemic.
"The latest data have been especially encouraging, with February
having seen the strongest improvement in business conditions over
the five-and-a-half year history of the survey if the early
pandemic rebound in 2020 is excluded," Williamson
said.
Based on survey responses from approximately 350 private sector
companies, the Index covers contributions to non-oil GDP across
manufacturing, construction, wholesale, retail and services
sectors.
The S&P Global Kuwait PMI will be released on the following
dates:
2024
- April 3rd
- May 5th
- June 4th
A calendar of upcoming PMI® releases is available here. Click
here to learn more about the S&P Global PMI®. Purchasing
Managers' Index™ and PMI® are either trademarks or registered
trademarks of S&P Global Inc or licensed to S&P Global Inc
and/or its affiliates.
S&P Global Market Intelligence's opinions, quotes, and
credit-related and other analyses are statements of opinion as of
the date they are expressed and not statements of fact or
recommendation to purchase, hold, or sell any securities or to make
any investment decisions, and do not address the suitability of any
security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
Media Contact
SungHa Park
S&P Global Market Intelligence
+81 3 6262 1757
sungha.park@spglobal.com
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SOURCE S&P Global Market Intelligence