U.S. and eurozone manufacturing PMIs

Factory PMI Differential Between U.S. and Eurozone Narrowed 2.4 Points in February

March 1, 2016

The U.S. purchasing managers index for manufacturing improved 1.3 points to 49.5 in February, indicating a much more modest rate of contraction than in January.  The reading was at a 4-month high. Meanwhile, Euroland’s manufacturing PMI dropped 1.1 points to 51.2, a 12-month low.  The 2.4-point narrowing of the resulting difference between the two readings […] More

Factory PMI Divergence Widened Last Month between the United States and Euroland

January 4, 2016

Euroland’s manufacturing purchasing managers index rose 0.4 points in December to the highest score, 53.2, since April 2014.  In contrast, the ISM reported a 0.4-point further drop in the U.S. factory PMI to 48.2, its lowest level since June 2009, which coincidentally was the final month of America’s Great Recession. The -5.0-point net disadvantage in […] More

U.S. Factory PMI Back Above Eurozone PMI

June 1, 2015

The U.S. minus Euroland PMI spread rose 1.1 points to +0.6 points in May after negative differentials of -0.5 in April and -0.7 in March.  Between November and February, the spread had narrowed from 7.5 points to 1.9 points.  A 1.3-point rise of the U.S. manufacturing purchasing managers index to 52.8 in May was led […] More

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