Recession in the industry (23.05.2023)
Hamburg Commercial Bank (HCOB) is the new endorsing brand of various S&P Global (S&P) Purchasing Managers' Index® (PMI®) series. The indices, which have been produced since the late 1990s, are considered reliable leading indicators of economic development in various sectors, countries and regions. Companies, government institutions, numerous central banks and other economic actors use the Purchasing Managers' Index series as a basis for their decisions. In the future, HCOB's Chief Economist, Dr. Cyrus de la Rubia, will comment on developments and trends in the monthly HCOB PMI Reports and place them in the current economic context.
HCOB sponsors the compilation of the Composite PMI, the Flash versions and the indices for manufacturing and services for the Eurozone, Germany, France, Italy and Spain. In addition, the Construction PMI for the Eurozone, Germany, France and Italy are published under the name of HCOB. The reports are provided in English and in the respective national language.