Economists polled by Reuters had forecast the PMI edging up to 48.8. Though manufacturing has been undercut by higher interest rates, the situation is probably not as dire as suggested by sentiment surveys such the ISM. So-called hard data from the government and Federal Reserve suggests the in...
Free Access Aug 1, 2024 - 9:45 PM MNI MNI: US JUL FINAL MANUFACTURING PMI 49.6 (FLASH: 49.5); JUN: 51.6 To read the full story Free TrialLog In Submit Log In Reset Password Submit Why MNI MNI is the leading provider of intelligence and analysis on the Global Fixed Income, Foreign ...
No Other Country can Replace China's Manufacturing Industry Including India Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy
while ISM data are based purely on purchasing and supply professionals. Note that S&P Global moved away from purely focusing on the purchasing profession as such roles were found to have often been less suitable to surveys outside of manufacturing, where...
US Treasuries sold-off across the curve by 8-10bp on Monday after a stronger than expected US ISM Manufacturing PMI print. The reading for March came at 50.3, its first expansionary print in 18 months, higher than expectations of 48.4 and February's 47.8. Looking at the sub-components, th...
NEW YORK (ICIS)–The ISM US Manufacturing Purchasing Managers’ Index (PMI) improved to 48.4 in November – up 1.9 points from 46.5 in October, but remains in contraction (below 50) for the eighth consecutive month, and 24 out of the last 25 months. ...
it cautioned that this growth could slow in the next quarter. Compounding to these concerns, the October’s ISM manufacturing PMI remained in contractionary territory, falling to 46.5, below consensus estimate of 47.6 and September’s 47.2. As a result, the S&P 500 and NASDAQ fell 1.4%...
Along withfresh jobs dataon Friday, the services PMI added to “evidence that economic growth is slowing after a blockbuster third quarter”, said Capital Economics chief North America economist Paul Ashworth, two days after the ISM’smanufacturing PMIshowed manufacturing activity also shrank. ...
PMI increased by 1.2 points to 53.9 percent for the month compared to 52.7 percent in November 2011. Factors that led to the growth include gains in backlogs, production and prices. Statement from Bradley J. Holcomb, chair of the ISM Manufacturing Business Survey Committee, about the issue is...
The S&P Global ManufacturingPurchasing Managers Index (PMI)came in at 50.0 to indicate no change in business conditions in April, breaking a three-month streak of improving conditions.3Meanwhile, theInstitute of Supply Management’s (ISM)manufacturing survey registered 49.2% in April,a drop of more...