| Barclays Capital global business confidence indicator showed further signs of stabilising during Q4 |
| 05.01.12 21:22 | |
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The Barclays Capital global business confidence indicator, which is based on weighting national ISM and PMI confidence readings for the manufacturing and private service sectors*, showed signs of stabilising in Q4. In December, the indicator improved slightly on a monthly basis (from -0.18 to -0.07 on a normalised basis), while its 3m moving average was relatively stable (-0.55 in December after -0.57 in November and -0.51 in October). Countries reporting above-average readings of business confidence in December were the US (a normalised reading of +0.33, up from 0.28 in November), Brazil (0.37, up from -0.08), Japan (0.74, up from 0.63), Australia (0.15, from -0.03), the UK (0.32, from -0.11), and Russia (0.24, down from 0.31). Countries with below-average readings were China (-1.26, versus -1.16 previously), India (-0.37, though up from -0.84 in November and -1.23 in October), and the euro area (-0.51, though up from -0.65 in November and -0.81 in October). * The BarCap global business confidence indicator uses national readings for ISMs and PMIs, using chain weights based on country GDP in dollars and manufacturing/services shares. Countries covered are: US, Brazil, Japan, Australia, China, India, Euro area, UK and Russia. source: BarCap |
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