U.S. and Euroland manufacturing PMIs
Strong Factory Growth in Both the U.S. and Euroland
July 3, 2017
In June, U.S. manufacturing overcame a disadvantage relative the the euro area in a single month, as the euro advanced to its strongest monthly average in a year against the dollar. The U.S. Institute of Supply Management reported a 2.9-point increase in the manufacturing purchasing managers index to 57.8, signifying the strongest rate of improvement […] More
Soft Euro Lifting Euroland Manufacturing at U.S. Expense
May 2, 2017
The manufacturing purchasing managers index of Euroland, 56.7, surpassed its U.S. counterpart, 54.8, in April for the first time since April. The lagged effect of the post-Trump dollar rally is a major reason why. Manufacturing is more sensitive to currency movement than non-manufacturing. Although the table below uses the ISM compilation for its U.S. component […] More
Bigger U.S. than Ezone Acceleration in Manufacturing Last Month
February 1, 2017
The U.S. Institute of Supply Management reported a 1.5-point increase in the manufacturing purchasing managers index to a very robust 26-month high reading of 56.0. That advance, which followed a combined 2.5-point increase in the last two months of 2016, was powered in January by gains of 3.5 points in prices, 3.3 points in jobs, and […] More
Strong Factory Growth Acceleration in Both Ezone and U.S.
January 3, 2017
The Institute of Supply Management’s U.S. manufacturing purchasing managers index climbed 1.5 points in December to a two-year high of 54.7. Markit Economics’ U.S. factory-sector PMI told a similar story, printing at a 21-month peak of 54.3 in the final month of 2016. The euro area PMI in manufacturing, compiled by Markit Economics, rose almost […] More
U.S. Regains Small Manufacturing PMI Advantage Versus Euro Area in March
April 1, 2014
For a second straight month, the spread between the U.S. and Ezone purchasing manager indices was less than 1.0 in size, but after identical readings in February, the U.S. retook a modest 0.7-point advantage amid a further rise in the euro. Currency appreciation can erode the competitiveness of Euroland exports and import-competing goods. The improved […] More
Steady U.S. Advantage vs Ezone in Manufacturing
November 4, 2013
The U.S. commanded a 5.1-point manufacturing purchasing managers index premium over the euro area in October for the third time in the past four months. Each index was above 50 in all four months, which signifies trends of expansion, but the pace is significantly fast in the United States. The composition of the U.S. PMI […] More
