巴克莱-美股-医疗保健行业-美国生命科学与诊断工具产业追踪——2018年1月：pmis保持良好

《巴克莱-美股-医疗保健行业-美国生命科学与诊断工具产业追踪——2018年1月：pmis保持良好》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、EquityResearch2February2018U.S.LifeScienceTools&DiagnosticsINDUSTRYUPDATEBarclaysToolsIndustrialTracker–JanU.S.LifeScienceTools&Diagnostics2018:PMIsRemainHealthyNEUTRALUnchangedGeographicPMIsremainathealthexpansionarylevelsinJanuary,lendingsupportU.S.LifeScienceTools&Di

2、agnosticstoacontinuedindustrialrecoveryfortheLifeScienceTools.ThebrightspotinourJackMeehan,CFAtrackerwasJapan,whichimproved0.8m/mto54.8.Chinawasstableinthequarter,+12125263909withaPMIof51.5forthesecondconsecutivemonth.PMIsbroadlyremaininjack.meehan@barclays.comexpansion

3、aryterritoryacrossothermarkets,whichweviewasahealthyreadingforBCI,UStheindustrialendmarketforourcoverage.BeyondimprovingPMIperformance,weviewChinaasanattractiveendmarketfortheLifeScienceToolscompaniesgiventheMitchellPetersen+12125263367country’sinvestmentinareaswell-ali

4、gnedwithourcoverage–notablymitchell.petersen@barclays.combiopharmaceuticalandlifescienceresearch,aswellashigherenvironmentalstandards.BCI,USWefavorAgilentandThermoFisherinourLifeScienceToolscoverage,andbelieveAndrewWaldbetterIndustrialcommentarycouldleadtocontinuedstren

5、gthin2018.Asa+12125269436reminder,revenuegenerationfortheLifeScienceToolscompaniesishighlycorrelatedandrew.wald@barclays.comwithendmarketgrowthinthecompany’sindividualgeographies.ThelatestreadingsBCI,USsuggest:USCompositePMIfromISMof59.1forJanuary2017,down0.2m/mEurope

6、ManufacturingPMIfromMarkitof59.6forJanuary2017,down1.0m/mUKManufacturingPMIfromMarkitof55.3forJanuary2017,down0.9m/mGermanyManufacturingPMIfromMarkitof61.1forJanuary2017,up2.2m/mJapanManufacturingPMIfromMarkitof54.8forJanuary2017,up0.8m/mChinaManufacturingPMIfromMar

7、kitof51.5forJanuary2017,flatm/mInthisreport,wealsotrackcapitalspendinglevelsatchemicalandenergycompanies,oilprices,andrigcountstogaugethehealthoftheindustrialendmarket.Afteranumberofyearsofpressure,wearestartingtoseeanimprovementinindustrialperformance.Wehighlightsomein

8、terestingdatapointsthatsuggestthebackdropfor2017improved.Notably,itappearsthatCapExspendingacrosstheenergyendm