purchasing managers index

U.S. and Ezone Manufacturing Conditions Worse in May than April

June 1, 2012

According to the ISM survey of U.S. manufacturing purchasing managers, activity expanded last month for the 34th straight time but at a slower pace than in April and January.  In Euroland, factory-sector activity contracted for the tenth straight month and at a faster speed since June 2009.  PMI readings above 50 denote expansion, while sub-50 […] More

Congress to Vote on Debt Deal… PMIs Show Flagging Global Manufacturing

August 1, 2011

The first week of August opened with two big stories. Even while details remain murky, critics already are finding fault with the U.S. debt deal announced Sunday.  Military spending cuts are said to be too large, for instance.  The size of proposed cuts, $2.4 billion, is less than hoped and would occur far into the […] More

Dollar Recoups Some Losses

January 24, 2011

The dollar reversed a small part of last week’s losses, gaining 0.5% against the euro, 0.4% relative to the yen, and 0.3% versus sterling and the Canadian dollar.  The dollar also eased 0.1% against the Swiss franc and the Australian and Canadian dollars.  In the wake of President Hu’s trip to America, the yuan is […] More

Surprisingly Strong European PMI-Manufacturing Readings

April 1, 2010

On this first day of the new quarter, which happens to also be Mourning Thursday and the day before the U.S. March jobs report, the dollar has eased 0.4% against sterling and the Canadian dollar but risen 0.7% relative to the kiwi.  The IMF called New Zealand’s currency 10-25% overvalued.  Other U.S. dollar movements are […] More

Euroland and British PMI-Mf’g Readings in January Surpass Forecasts

February 1, 2010

The dollar gained 0.7% against sterling and 0.5% relative to the Australian dollar overnight.  Other dollar rates have moved only marginally, with 0.1% upticks against the New Zealand and Canadian dollars and downticks of 0.2% against the Swiss franc and euro. Stock markets fell at least 1% in China, Taiwan, the Philippines and Australia.  Bourses […] More

Dollar Down But Stocks and Commodities Up to Start 2010

January 4, 2010

The dollar lost 0.9% against the Canadian dollar, 0.8% versus the Aussie dollar, 0.5% against the euro, 0.4% against sterling, 0.3% against the yen and kiwi, and 0.1% relative to the Swiss franc.  All markets are open following the New Year holiday. Stocks are up 1.6% in Indonesia, 0.5% in South Africa, Pakistan and India, […] More