U.S. non-manufacturing PMI

Non-Manufacturing Activity in the U.S. and Euro Area

January 5, 2017

The U.S. non-manufacturing purchasing managers index remained flat at 57.2 in December. Not since October 2015 has the NMI been higher than this level. In December, a 4.6-point improvement in the sub-index for new business to 61.6 was counterbalanced with a 4.4-point drop in jobs to a reading of 53.8. Along with today’s smaller-than-forecast ADP estimate […] More

Big Deterioration Last Month of U.S. Non-Manufacturing Relative to Euroland

June 3, 2016

In May, the U.S. non-manufacturing purchasing managers index fell 2.8 points to 52.9, implying the slowest expansion in slightly more than two years.  The indices for production, orders and jobs declined by 3.7, 5.7, and 3.3 points.  Meanwhile, Euroland’s services purchasing managers index edged 0.2 points higher to 53.3.  Service sector activity expanded more rapidly […] More

A Very Strong U.S. Non-Manufacturing Purchasing Managers Survey

August 5, 2015

The dollar appreciated 0.5% against the yen, 0.4% relative to the Australian dollar, 0.3% vis-a-vis the kiwi and Swiss franc and 0.2% versus the euro.  The dollar is down 0.3% against sterling and 0.2% versus the Canadian dollar but unchanged vis-a-vis the yuan. Chinese (-1.7%) and Greek (-2.9%) stocks took another tumble.  In other stock […] More

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