Archive for October 3rd, 2011

Deeper Analysis

U.S. Enjoys Advantage over Euroland in Manufacturing for Now at Least

October 3, 2011

The U.S. purchasing managers index rose a whole point to 51.6 in September, averting a signal of contracting activity.  The last sub-50 reading occurred in July 2009.  Readings below 50.0 imply contraction.  The component for production increased by 2.6 points to 51.6, while that for jobs rose 2.0 points to 53.8.  Orders were unchanged at […] More

New Overnight Developments Abroad - Daily Update

First Monday of October

October 3, 2011

Today is the first trading day of the month and quarter.  Many national purchasing manager surveys were published, and the Bank of Japan’s corporate quarterly Tankan survey of business was reported (See review).  The Tankan reflected a further recovery in the third quarter but caution about the future.  The U.S. Supreme Court convenes after its […] More