Deeper Analysis
Pronounced Convergence Last Month in U.S. and Ezone Manufacturing Conditions
June 3, 2013
The U.S. and euro area purchasing managers indices were both below 50.0 in May. This was the first month since November in which both economies experienced a contraction of manufacturing and just the second such instance since August 2009. This development caught analysts by surprise. They had initially predicted a U.S. reading of about 50.5 […] More
New Overnight Developments Abroad - Daily Update
Parade of the Manufacturing PMIs
June 3, 2013
Various and sundry purchasing managers surveys for May released overnight produced a spectrum of results. The official and HSBC-compiled indices presented a mixed and confusing picture. Euroland figures depicted a recession that seems to be lessening in intensity. Australia’s index revived sharply but remained well below the 50 no-change threshold. India is treading water. Britain […] More
