Archive for October 3rd, 2016

Deeper Analysis

September Improvement of U.S. Manufacturing Exceeds Ezone’s Improvement

October 3, 2016

The U.S. manufacturing PMI reading last month of 51.5 was lower than Euroland’s score of 52.6. ┬áIt was the eleventh time in the last fourteen months that such had happened. However, the differential between the two scores was halved. After five straight readings above the 50 no change level, the U.S. Purchasing Managers Index had […] More

New Overnight Developments Abroad - Daily Update

A New Dynamic Emerges: Sterling Weakness is Good for the Ftse and British Economy

October 3, 2016

The view that Brexit is an unqualified bad thing is dead. The June referendum has depressed sterling, but the economy has performed better. An initial drop in consumer sentiment has reversed. Second-quarter GDP growth of 0.7% turned out better than anticipated and stronger than the first-quarter result. Among a slew of manufacturing PMI survey results […] More

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