manufacturing purchasing manager indices
More Street Protests Rock U.S. Cities, Adding Uncertainty to Economy’s Reopening
June 1, 2020
It’s been an up-day for equities in Asia and Europe, but that trend may not extend to the United States where several cities (including NY, Chicago, Seattle, L.A., Atlanta and Philadelphia) experienced continuing racial protests with violence on Sunday. U.S.-Sino tensions remain very elevated. In lifting Hong Kong’s special trade status and threatening actions against […] More
Trump Plays the Tariff Card with Predictable Negative Economic Results
December 2, 2019
President Trump opened a fresh tariff offensive, this time against Brazil and Argentina which previously had been exempted from tariffs of 25% on steel and 10% on aluminum. He did this in response to the depreciation of those countries’ currencies and the difficulty such had exerted on U.S. farmers. But the immediate effect of his […] More
U.S. Manufacturing PMI Lower than Ezone PMI Last Month
April 1, 2015
The PMI spread below, which subtracts Markit Economics’ eurozone PMI from the ISM’s U.S. PMI, turned negative in March for the first time in 14 months. U.S. manufacturing expanded at the slowest pace since January 2014 as attested by a 1.4-point decline in the manufacturing PMI to 51.5. The jobs index dropped 1.4 points to […] More
Widely Divergent U.S. and Euroland Manufacturing Conditions
September 2, 2014
Euroland’s manufacturing purchasing managers index fell 1.1 points in August to a 13-month low of 50.7. The U.S. factory PMI, in contrast, jumped 1.9 points to a 41-month high of 59.0. Both results were over 50.0, connoting expanding activity. However, while the euro area expansion has a very weak pulse, U.S. manufacturing has picked up […] More
U.S. Minus Ezone Factory PMI Spread Widened Slightly in June
July 1, 2014
The U.S. PMI dipped by 0.1 to a reading of 55.3, but the euro area manufacturing index declined by 0.4 points to 51.8. The differential between those measures of activity consequently widened to 3.5 points, largest since December, from 3.2 in May. The euro averaged $1.360 per month in June, marking the seventh month in […] More
U.S. Manufacturing PMI Moved Below Euroland PMI in January
February 3, 2014
The U.S. factory purchasing managers index plunged 5.2 points in January to 51.3 as calculated by the Institute of Supply Management, whereas the euro area manufacturing PMI compiled by Markit Economics rose 1.3 points to 54.0. The spread hadn’t been negative since May 2011 and as deeply negative since August 2008. Each of the January […] More
