Service-sector purchasing manager surveys

The U.S. Enjoyed a Bigger Growth Advantage in June than May

July 6, 2017

It was already reported earlier this week by the Institute of Supply Management that the U.S. manufacturing purchasing managers index leaped 2.9 points to a 32-month high of 57.8 in June. This eclipsed a 0.4-point rise in Euroland’s comparable PMI to 57.4. Now comes word that the non-manufacturing U.S. PMI increased 0.5 points to a […] More

Back to Business

July 5, 2017

U.S. markets reopened after the long Independence Day holiday break. Investors were greeted by the release of many more June purchasing manager survey results and have a number of events to get through. FOMC minutes will be released today. President Trump is embarking on his second trip abroad as president. He will be attending the […] More

Less U.S.-Advantageous PMI Spreads in August

September 3, 2015

In July when Grexit fever was at a high burn, the sum of the U.S.-minus-Eurozone purchasing manager survey differential had jumped to 6.6 points from 2.6 points the month before, but 80% of that increase was reversed in August.  It was reported on Monday that the U.S. manufacturing PMI declined 1.6 points last month while […] More

Heavy Flow of Information Continues

September 3, 2015

The Bank of Brazil ended a 7-meeting streak of rate tightening, as risks of deepening recession outweigh danger of vicious cycle of currency depreciation and rising inflation.  The Selic Rate was left at 14.25%, its level after 325 basis points of tightening between October 2014 and July 2015. The Swedish Riksbank likewise left monetary policy […] More