Manufacturing PMIs

Euroland’s Manufacturing PMI Advantage Widened Marginally in October

November 2, 2015

In October, Euroland’s manufacturing purchasing managers index rose 0.3 points to 52.3, a two-month high, while the U.S. PMI dipped 0.1 to 50.1, a 29-month low.  Euroland’s 2.2-point advantage was the greatest since early 2014.  Manufacturing tends to be strongly influenced by exchange rate movement.  For the past six months, the euro has maintained a steady […] More

Parade of Factory Purchasing Manager Surveys Yields Mixed Results for October

November 2, 2015

Today is the first business day of November and the beginning of standard time in North America.  Many European countries observed All Saints Day on Sunday, and Japan celebrates Culture Day tomorrow. Share prices fell 1.7% in China, 2.1% in Japan, 1.4% in Australia, 1.1% in Hong Hong, 0.8% in Singapore and 0.4% in India. […] More

Worries about China Rattle Global Equities Again as a New Month Begins

September 1, 2015

A series of bad Chinese purchasing manager survey results were reported on Tuesday. The private Caixin composite PMI (formerly compiled by HSBC) slumped 1.4 points to a 78-month low of 48.8 in August amid weak demand. The Caixin manufacturing PMI of 47.3 was down from 47.8 in July to a 77-month low of 47.3 in […] More

Worries about China Rattle Global Equities Again as a New Month Begins

September 1, 2015

A series of bad Chinese purchasing manager survey results were reported on Tuesday. The private Caixin composite PMI (formerly compiled by HSBC) slumped 1.4 points to a 78-month low of 48.8 in August amid weak demand. The Caixin manufacturing PMI of 47.3 was down from 47.8 in July to a 77-month low of 47.3 in […] More

U.S.-Minus-Eurozone Factory PMI Remained Small in June

July 1, 2015

Strengthening growth in jobs powered a 0.7-point rise of the U.S. purchasing managers index to 53.5 in June, whereas Euroland’s PMI went up just 0.3 points to 52.5.  The PMI differential between those two economies was at a four-month high but only 1.0 point in width. The U.S. jobs index leaped 3.8 points to 55.5.  […] More

Tankan Survey, PMIs, Greece, and an Approaching U.S. Holiday

July 1, 2015

The dollar began the second half of 2015 on its front foot, firming 0.7% against the Swiss franc, 0.4% versus the yen, 0.3% relative to sterling, 0.2% vis-a-vis the loonie and euro and 0.1% against the Australian dollar. The yuan is unchanged, and the New Zealand dollar edged 0.1% higher against its U.S. counterpart. In […] More

A Couple of Holidays and Many Manufacturing Reports

May 4, 2015

Golden Week continues in Japan with today’s celebration of Greenery Day. British markets are also closed for the early spring banking holiday. The dollar strengthened 0.6% against the euro, 0.3% relative to the Swiss franc, 0.2% vis-a-vis the Aussie dollar and sterling and 0.1% versus the kiwi and yen.  The greenback also fell 0.5% against […] More

Japanese Tankan and Many Manufacturing Reports

April 1, 2015

The Bank of Japan’s March Tankan survey of business conditions and expectations was mediocre and not consistent with the pace of growth officials want. The eurozone purchasing managers index climbed to a 10-month high in March and reflected lessening deflation and improved export orders and jobs growth. China’s government compiled PMI in manufacturing rose 0.4 […] More

December U.S. and Euroland Manufacturing Purchasing Manager Surveys

January 4, 2015

The U.S. PMI fell 3.2 points to a six-month low of 55.5.  55.5 is sufficiently above the 50 demarcation between expansion and contraction to convey continuing robust growth in factory activity.  December’s drop was powered by declines of 8.7 points in orders, 5.6 points in production and 6.0 points in prices. Euroland’s factory PMI rose […] More

U.S. Factory-Sector Advantage Improved Marginally Last Month

December 1, 2014

The differential between the U.S. and euro area manufacturing purchasing manager indices widened by 0.2 points further to 8.6 points in November.  Despite the slight improvement, America’s advantage was its greatest in at least two years even though the dollar posted its strongest average value against the euro in that period. The U.S. PMI slipped […] More

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