Archive for June 1st, 2021

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