U.S. and euro area manufacturing PMIs
U.S. Minus Ezone Manufacturing PMI Differential Widened in October
November 2, 2020
October’s 4.5-point spread between the U.S. and Euroland manufacturing purchasing manager indices was 2.8 points wider than in September and the greatest differential since last April. Euroland’s IHS-compiled PMI increased 1.1 points, while the ISM-compiled U.S. PMI jumped 3.9 points to a two-year high of 59.3. The monthly averages of the EUR/USD exchange rate in […] More
Wider U.S. Advantage in Factory Activity vis-a-vs Euroland
November 3, 2014
The euro area manufacturing purchasing managers index edged 0.3 of a point higher to 50.6 in October, but the U.S. PMI jumped 2.4 points to 59.0. The differential between these measures of factory-sector operating conditions, which had declined 2.0 points in September, more than reversed that move to reach a new multi-year high of 8.4 […] More
U.S.-Euroland Manufacturing PMIs Started to Converge Last Month
October 1, 2014
A lot of manufacturing products get traded, so manufacturing is much more sensitive to shifting exchange rates than other sectors of the economy. The dollar rose 7.0% between its average value in April and that posted in September. Time will tell if a 2.0 point narrowing of the manufacturing U.S.-minus-Ezone purchasing managers index differential last […] More
