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
