Manufacturing Purchasing Managers Spread Widened Last Month

September 1, 2011

Manufacturing in the euro area contracted last month for the first time since July 2009 as the region’s PMI index fell 1.4 points to 49.0.  Sub-50 readings were registered in France (49.1), Italy (47.0), Ireland (49.7), Spain (45.3), and Greece (43.3).  Germany (50.9) and the Netherlands (50.7) had scores barely above the 50 breakeven line.  […] More

June PMIs: A Much Better Month for the United States Than Euroland

July 6, 2011

The U.S. minus Ezone purchasing managers differential among manufacturers swung from negative 1.1 in May to +3.3 in June, and the spread between their respective service-sector PMI readings rose a full point from negative 1.4 in May to minus 0.4 last month.  All four PMI levels in June, shown in the bottom row of the […] More

U.S. Minus Euroland PMI-Mf’g Spread Nearly Doubled

February 1, 2010

Although the pace of manufacturing activity accelerated in January in both Euroland and the United States and outperformed expectations in each case, the improvement was considerably more dramatic in the United States and resulted in a near doubling of the PMI spread to 6.0 points in January.  The U.S. reading of 58.4 constituted a 65-month […] More