preliminary purchasing manager surveys
Investors Uneasy about Several Recessionary Risks
September 22, 2023
Preliminary September purchasing manager survey results out today attest to deepening economic weakness in Europe. Euroland’s composite PMI reading of 47.1 after 46.7 in August and 47.0 in July are consistent with a 0.4% quarter-on-quarter drop in GDP in 3Q. Such would represent a fourth straight listless quarter following a 0.1% dip in the final […] More
November PMIs and Many U.S. Releases Just Before the Thanksgiving Break
November 23, 2022
Japanese are observing their Labor Thanksgiving holiday today, and Americans are getting ready for Thanksgiving, which will see a closure tomorrow and an extended long weekend for many companies. The dollar fell overnight by 1.0% against sterling, which crossed above the $1.2000 threshold, up from a 2022 low of $1.0349. The dollar also lost 0.7% […] More
Dollar and Equities Strengthened Overnight
May 21, 2021
Preliminary May purchasing manager survey findings for Euroland show a 39-month composite index high despite marginally slower growth in manufacturing due to intensifying supply chain delays. Service sector activity is benefiting from a relaxation of Covid restrictions, and overall optimism regarding the one-year outlook remained high in May in spite of higher inflation. The French […] More
Anxious Times for Investors
January 24, 2019
Investors continue to face three big uncertainties: the U.S. government shutdown, the fast-approaching Brexit deadline, and the failure so far of U.S. and Chinese trade negotiators to reach a mutually satisfying agreement. Planned senate votes on the border wall and shutdown are not likely to pass. The on-again, off-again scheduled state of the union address […] More
