U.S. and Eurozone Manufacturing PMIs Both Drop in September
October 1, 2015
Both indices fell but not to less than 50, meaning that operating conditions improved but at a slower pace. The U.S. factory purchasing managers index fell 0.9 points to a 23-month low of 50.2. Euroland’s PMI reading was 52.0, down 0.3 points to a 5-month low. Inflation decelerated in both economies, and the euro appreciated, matching June’s level for a three-month high on average against the dollar.
Mfg PMIs | U.S. | Euroland | Spread | EUR/USD |
Jan 2013 | 53.1 | 47.9 | +5.2 | 1.330 |
February | 53.1 | 47.9 | +5.2 | 1.334 |
March | 51.5 | 46.8 | +4.7 | 1.295 |
April | 50.0 | 46.7 | +3.3 | 1.301 |
May | 50.0 | 48.3 | +1.7 | 1.299 |
June | 52.5 | 48.8 | +3.7 | 1.319 |
July | 54.9 | 50.3 | +4.6 | 1.309 |
August | 56.3 | 51.4 | +4.9 | 1.331 |
September | 56.0 | 51.1 | +4.9 | 1.335 |
October | 56.6 | 51.3 | +5.3 | 1.364 |
November | 57.0 | 51.6 | +5.4 | 1.349 |
December | 56.5 | 52.7 | +3.8 | 1.370 |
Jan 2014 | 51.3 | 54.0 | -2.7 | 1.361 |
February | 54.3 | 53.2 | +1.1 | 1.366 |
March | 54.4 | 53.0 | +1.4 | 1.380 |
April | 55.3 | 53.4 | +1.9 | 1.380 |
May | 55.6 | 52.2 | +3.4 | 1.374 |
June | 55.7 | 51.8 | +3.9 | 1.360 |
July | 56.4 | 51.8 | +4.6 | 1.354 |
August | 58.1 | 50.7 | +7.4 | 1.332 |
September | 56.1 | 50.3 | +5.8 | 1.290 |
October | 57.9 | 50.6 | +7.3 | 1.268 |
November | 57.6 | 50.1 | +7.5 | 1.247 |
December | 55.1 | 50.6 | +4.5 | 1.232 |
Jan 2015 | 53.5 | 51.0 | +2.5 | 1.162 |
February | 52.9 | 51.0 | +1.9 | 1.135 |
March | 51.5 | 52.2 | -0.7 | 1.083 |
April | 51.5 | 52.0 | -0.5 | 1.081 |
May | 52.8 | 52.2 | +0.6 | 1.116 |
June | 53.5 | 52.5 | +1.0 | 1.123 |
July | 52.7 | 52.4 | +0.3 | 1.101 |
August
September |
51.1
50.2 |
52.3
51.1 |
-1.2
-1.8 |
1.114
1.123 |
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.