U.S. non-manufacturing PMI
Investors Uneasy Awaiting U.S. Jobs and Trade Data
October 4, 2019
Today’s big question is whether the U.S. jobs statistics due in an hour corroborate other weak data released during the past month. Yesterday brought stunning news that the non-manufacturing purchasing managers index slumped 3.8 points in September to a 3-year low and embodied drops of 6.3 points in production and 6.6 points in new business. […] More
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
