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MarketScreener Homepage  >  Equities  >  Nyse  >  IHS Markit Ltd.    INFO   BMG475671050


Delayed Quote. Delayed Nyse - 11/24 04:10:00 pm
93.62 USD   -0.04%
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U.S. business activity picks up in October: IHS Markit

10/23/2020 | 10:22am EST
FILE PHOTO: FILE PHOTO: FILE PHOTO: Destiny USA mall reopens as COVID-19 restrictions are eased

WASHINGTON (Reuters) - U.S. business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election.

Data firm IHS Markit said on Friday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to a reading of 55.5 this month. That was the highest since February 2019 and was up from 54.3 in September. A reading above 50 indicates growth in private sector output.

It said some manufacturers and service industry companies noted the coronavirus crisis had weighed on demand. The survey found other companies said a number of clients were holding back on placing orders until after the fiercely contested race to the White House between Republican President Donald Trump and former Vice President and Democratic Party candidate Joe Biden.

Growth in foreign client demand also slowed "notably," with manufacturers reporting a renewed contraction in new export orders, IHS Markit said.

Despite the reported pick-up in business activity, economists are predicting slower economic growth in the fourth quarter after what is believed to have been a record performance in the third quarter, thanks to a more than $3 trillion rescue package early this year for businesses and the unemployed.

But the fiscal stimulus is gone and new COVID-19 cases are rising around the country, which could lead to state and local government restrictions or more people shunning establishments like restaurants and bars, and undercut consumer spending.

The survey's flash composite new orders index dipped to 54.3 this month from a reading of 54.8 in September.

Still, confidence among businesses is steadily improving.

The survey's flash services sector PMI rose to 56 this month, a 20-month high, from a reading of 54.6 in September.

Economists polled by Reuters had forecast a reading of 54.6 this month for the services sector, which accounts for more than two-thirds of U.S. economic activity.

A measure of new businesses in the services sector dropped to 54.3 from a reading of 55.0 in September.

Manufacturing was steady this month. The survey's flash manufacturing PMI inched up to a reading of 53.3 from 53.2 in September. Economists had forecast the index for the sector, which accounts for 11.3% of the economy, rising to 53.4 in October. A measure of new orders received by factories increased to a reading of 54.2 from 53.6 in September.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)

© Reuters 2020
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Financials (USD)
Sales 2020 4 293 M - -
Net income 2020 865 M - -
Net Debt 2020 4 765 M - -
P/E ratio 2020 43,5x
Yield 2020 0,72%
Capitalization 37 310 M 37 310 M -
EV / Sales 2020 9,80x
EV / Sales 2021 9,12x
Nbr of Employees 15 500
Free-Float 77,2%
Duration : Period :
IHS Markit Ltd. Technical Analysis Chart | INFO | BMG475671050 | MarketScreener
Technical analysis trends IHS MARKIT LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 87,24 $
Last Close Price 93,66 $
Spread / Highest target 5,70%
Spread / Average Target -6,86%
Spread / Lowest Target -22,1%
EPS Revisions
Lance Darrell Gordon Uggla Chairman & Chief Executive Officer
Jonathan Gear Chief Financial Officer & Executive Vice President
Yaacov Mutnikas Chief Technology Officer & Chief Data Scientist
Michael Ferreira Vice President-Information Technology
Deborah Doyle McWhinney Independent Director
Sector and Competitors