Deeper Analysis
U.S. ISM PMI in Manufacturing and Euroland’s IHS PMI Compared
June 1, 2021
The ISM-compiled purchasing managers index rose half an index point to 61.2 in May, while the IHS-compiled euro area PMI edged 0.2 points higher to 63.1. The differential between the two compilations became 0.3 points less favorable toward Euroland. Each survey signifies historically robust activity, and so does IHS’s U.S. index, which climbed 0.6 points […] More
Central Bank Watch
Reserve Bank of Australia Maintaining Monetary Accommodation
June 1, 2021
Board members at the Reserve Bank of Australia left the Official Cash Rate at a record low of 0.10%, its level since a 15-basis point cut six months ago. This was the expected decision and was made in spite of a red-hot property market. A released statement from Governor Lowe reaffirms the commitment to keeping […] More
New Overnight Developments Abroad - Daily Update
June Opens on Hopeful Note
June 1, 2021
Manufacturing purchasing managers survey results reveal record growth in many cases, robust business optimism, but also inflationary pressure from demand outstripping supply. Euroland’s factory sector PMI was revised even higher to a record reading of 63.1. The Netherlands, Austria, Germany, Ireland, and Italy all scored above 62.0, and the lowest reading in the group — […] More
