purchasing manager surveys

Factory Conditions Continued to Deteriorate in the U.S. and Euroland

August 1, 2012

It was disappointing but predictable that Euroland’s downturn in manufacturing continued in July.  Germany, France, Italy and Austria had lower readings in July than June, and each was below the 50 no-change line.  In a surprise, Germany’s score of 43.0, a 37-month low, indicated a steeper rate of contraction than last month in France, Italy, […] More

Poor European PMI Results Reported as Markets Now Await U.S. Jobs Data

May 4, 2012

April purchasing managers readings strongly suggest the Euroland entered the second quarter still in recession. Japan was closed for Greenery Day, another part of the Golden Week holidays. Analysts are forecasting a 170K increase in U.S. non-farm payroll jobs and an unchanged 8.2% unemployment rate.  Figures are due at 08:30 EDT (12:30 GMT). Beyond the […] More

PMI Surveys Reveal Diverging Trends, Sending Euro Lower

May 2, 2012

The dollar is 0.8% stronger against the euro and up 0.7% versus the Swiss franc.  The dollar shows smaller advances of 0.3% relative to the kiwi, 0.2% versus the yen and sterling and 0.1% against the Canadian and Australian dollars.  The greenback rebounded as well to CNY 6.30 against the Chinese yuan. Share prices advanced […] More

Guarded Optimism After European Service PMI Releases and Ahead of U.S. Labor Report

February 3, 2012

The dollar is mostly marking time, with gains of 0.3% against the kiwi, 0.2% versus the Aussie dollar and 0.1% relative to the loonie, no change against the yen and yuan, and dips of 0.1% against the euro, Swissie, and sterling. Pacific rim equities were mixed.  Share prices rose 0.8% in China, 1.0% in India, […] More

U.S. Manufacturing Outperforming Euro Area By Widening Margin

February 1, 2011

Factory sectors in the United States and Europe each expanded solidly in January.  In the table below, a reading of 50.0 represents a neutral figure.  The higher a reading is above 50, the faster is the associated rate of growth in manufacturing. Euroland’s purchasing managers index printed at a nine-month high, and Britain’s reading of […] More

Market Pessimism Shifts Back to Europe

September 23, 2010

Preliminary euro area PMI readings for September were weaker than anticipated, and peripheral bond yield spreads are wider amid rising concern about the region’s banks. The dollar advanced 1.3% against the kiwi after a weak New Zealand GDP report.  The greenback also gained 0.6% against the Australian dollar, 0.5% versus the euro, 0.2% against the […] More