manufacturing purchasing manager indices

Holiday Closures and Manufacturing Purchasing Manager Indices to Start the Week

May 2, 2022

For a variety of reasons, many countries are observing holiday this Monday. It’s the early spring banking holiday in Great Britain. Islamic countries like Saudi Arabia, the UAE, and Kuwait are celebrating Eid-al-Fitr. China, Hong Kong, and Taiwan are shut for Labor Day. Among stock markets that are open for business this Monday, Australia and […] More

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