U.S. and Euroland manufacturing PMI

U.S.-Minus-Euroland PMI Spread Narrowed in January

February 1, 2018

The differential between the ISM’s U.S. manufacturing purchasing managers index and the IHS-compiled PMI for the euro area had roughly doubled in December to -4.0 but then was cut by half to -2.0 last month. Both indices remained well above 50, indicating very strong rates of improvement, but each index was below December’s level. That […] More

First Favorable Shift in U.S.-Minus-Eurozone Factory PMI Since May

February 1, 2016

The U.S. manufacturing purchasing managers index edged up 0.2 points to 48.2 in January.  Not since August has the reading been above 50.0, the breakeven line between improving and deteriorating conditions.  Jobs registered a 2.1-point slide to 45.9, indicating a significantly faster rate of jobs loss.  The prices index was only 33.5 for a second […] More