manufacturing PMIs in the U.S. and eurozone

U.S. Minus Euro Area Manufacturing PMI Spread Swings into Positive Territory

March 1, 2018

The ISM-compiled manufacturing purchasing managers index exceeded the IHS-compiled Euroland PMI in February for the first time since September. Their differential was +2.2 points compared to -0.5 in January, -1.3 in December and -1.9 points in November. At respective February readings of 60.8 and 58.6, manufacturing in both economies is expanding robustly, but the faster growth […] More

Manufacturing Activity Grew Last Month at a Faster Pace in the U.S. and Euro Area

January 3, 2018

The U.S.-minus-Euroland PMI spread narrowed to -0.9 percentage points in December from -1.9 percentage points in November. The ISM’s U.S. index rose to a 3-month high of 59.7% from 58.2%, and IHS’s Euroland purchasing managers index climbed to a record high of 60.6% from 60.1%. The high export content of manufacturing makes such more sensitive to […] More

Widest U.S. Manufacturing Advantage Versus Euroland in Two Years

March 1, 2017

The Institute of Supply Management’s U.S. manufacturing purchasing managers index jumped 1.7 points in February to a 28-month high of 57.7. This faster improvement of conditions was led by new orders, up 4.7 points, and production, up 1.5 points. Inflationary pressured settled back a point but remained well above the 50 level that separates expansion […] More

Scant Change in U.S.-Eurozone Factory PMI Spread Last Month

May 4, 2015

The differential between the U.S. and Euroland manufacturing purchasing manager indices was negative 0.5 points in April.  Such had previously swung from +7.5 in November to -0.7 in March.  The U.S. index printed at 51.5 for a second straight month in spite of increases of 2.2 points in production, 1.7 points in new business and […] More