manufacturing purchasing manager surveys

PMI Surveys, Post-Brexit Britain, and Coronavirus Concerns Vie for Market’s Attention

February 3, 2020

The dollar advanced today by 1.5% against sterling and 1.2% against China’s renminbi. The European Union’s lead trade negotiator expressed doubt that a trade deal with the U.K. similar to what Britain shares with Canada can be reached this year. China’s stock market dived 7.7% on the first trading day after the New Year holiday […] More

Geopolitical Strains, Weak Data, and a Poor Bond Auction as New Quarter Kicks Off

October 1, 2019

As China observes National Day, increasingly violent protests in Hong Kong evoked a Kent State moment as one protester has been shot there. Half a world away, President Trump’s team stepped up its manhunt for the impeachment whistle blower. Britain, too, is convulsed by its own constitutional crisis, ans the Conservative Party prepares for its […] More

Evidence of Intensifying Price Pressure Around the World

February 1, 2018

The dominant theme of manufacturing PMIs for January was a further significant pickup in cost pressure related to a variety of factors such as more elevated oil prices, faster growth in demand than capacity, and the falling value of the dollar. U.S. unit labor costs jumped 2.0% between the third and fourth quarters of last […] More

Dollar Trading More Firmly on PMI Day

June 1, 2017

A load of manufacturing purchasing manager surveys were reported today. The dollar has strengthened by 0.4% against the Australian dollar and sterling, 0.3% versus the yen, and 0.1% relative to the euro and Swiss franc. The dollar has softened 0.2% versus the Chinese yuan for its fourth daily drop in a row. The dollar also […] More

The New Year Begins with Good European Economic Data

January 2, 2017

Share prices climbed 1.7% in Italy, 1.0% in Germany, 0.7% in Spain, 0.4% in France and 0.2% in Greece. The ten-year Italian sovereign debt yield. The dollar advanced 0.6% against the euro, 0.5% relative to the yen and Swiss franc, 0.4% vis-a-vis the Australian dollar and 0.3% versus the Mexican peso and sterling. Most markets […] More

U.S. PMI Disappointment

August 3, 2015

The dollar is little changed on this first trading day of August 2015. The Greek stock market reopened to a 16.5% plunge after its extended closure.  Other European equities are up however by 0.8% in in Italy and Spain, 1.1% in Germany and 0.7% in France.  The British Ftse is unchanged, as is the DOW […] More

Parade of the PMIs

June 1, 2015

Around 25 purchasing manager surveys, almost all covering the manufacturing sector, have already been reported today.  German state CPI figures and an estimate of Japanese business investment last quarter were also released. Still no compromise between Greece and its creditors involving reforms for aid has been reached.   Greece needs to make a payment to the […] More

May Day 2015

May 1, 2015

Many markets particularly in Europe are shut for May Day.  This has held down the usual flood of manufacturing PMIs on the first day of the month.  Japanese inflation picked up for the first time in almost a year, but Japan’s factory purchasing managers index edged below the no-change threshold. The British PMI printed significantly […] More

Risk Off

February 3, 2014

Disappointing Chinese data rules market mood even as several Asian markets — Malaysia, Vietnam, Taiwan and of course Hong Kong and China — remained shut for the Chinese New Year.  Released government-authorized CFLP manufacturing and non-manufacturing purchasing managers surveys for China accentuated that economy’s slower pace of growth. The factory PMI fell a half-point to […] More

First Monday of October

October 3, 2011

Today is the first trading day of the month and quarter.  Many national purchasing manager surveys were published, and the Bank of Japan’s corporate quarterly Tankan survey of business was reported (See review).  The Tankan reflected a further recovery in the third quarter but caution about the future.  The U.S. Supreme Court convenes after its […] More