U.S. and Ezone purchasing managers indices
Manufacturing growth in the U.S. Accelerated More Rapidly in September than its Euro Area Counterpart
October 2, 2017
A grinding appreciation of the euro has been correlated with an improving trend in U.S. manufacturing relative to its Euroland counterpart. The euro last month averaged $1.1905, the strongest monthly mean since December 2014. Not coincidentally, the U.S.-minus-Euroland factory PMI differential of +2.7 in September was higher than any month since December 2014. The Institute […] More
Gap Has Narrowed Between Manufacturing in the United States and Euro Area
December 3, 2012
The U.S. purchasing managers index dropped 2.2 points to its weakest reading since July 2009. Only a marginal decline was forecast. The sub-indices for new business, jobs, and prices fell respectively by 3.9, 3.7 and 2.5 points. At 49.5 in November, the total PMI has moved back under the 50 no-change level for the first […] More
