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Keyword: pmi

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  • Chicago PMI at 47.6 in Feb vs 54.0 reading expected

    02/29/2016 9:45:24 AM PST · by John W · 6 replies ^ | February 29, 2016 | staff
    The Chicago Purchasing Managers Index came in at 47.6 for February, badly missing economists' estimates. A reading below 50.0 indicates contraction in the sector.
  • U.S. ISM manufacturing PMI falls to lowest since 2009 in December

    01/04/2016 8:55:17 AM PST · by tcrlaf · 7 replies ^ | 1-4-2015 |
    Manufacturing activity in the U.S. contracted at the fastest pace since July 2009 in December, dampening optimism over the strength of the economy and adding to uncertainty as to how fast the Federal Reserve will raise interest rates next year, industry data showed on Monday. In a report, the Institute for Supply Management said its index of purchasing managers fell to 48.2 last month from a reading of 48.6 in November. Analysts had expected the manufacturing PMI to inch up to 49.0 in December. The New Orders Index registered 49.2, an increase of 0.3 points from the reading of 48.9...
  • Midwest Flop: Chicago PMI Signals Manufacturing Contraction

    09/30/2015 7:28:47 AM PDT · by SeekAndFind · 3 replies
    Business Insider ^ | 09/30/2015 | Akin Oyedele
    Manufacturing activity in the Midwest is back in contraction. The Chicago purchasing manager's index (PMI) for September was reported at 48.7 by the Institute for Supply Management (ISM). This was the fifth time this year that the index fell below 50, the border between expansion and contraction. Economists had estimated a print of 53.0, down from 54.4 in August. According to the report, production fell to the lowest level since July 2009, following "downgrades to global economic growth and intense volatility in financial markets." Overall US manufacturing growth has slowed this year. Other major regional surveys, including those from the...
  • U.S. Flash PMI Falls To 22 Month Low At 52.9

    08/21/2015 10:32:20 AM PDT · by BenLurkin · 4 replies
    Kitco News ^ | Friday August 21, 2015 09:48 | Neils Christensen
    The U.S. manufacturing sector is once again under pressure as it continues to hover just above contraction level, according to the latest flash Purchasing Managers Index data. Friday, private research firm Markit said its August PMI estimate fell to a level of 52.9, compared to July’s final reading of 53.8. According to consensus reports, economists were expecting to see a reading at 53.9. According to the report, this is the lowest manufacturing reading since October 2013. ““With the headline PMI swiftly losing ground after a modest rebound during July, the latest figure now points to the weakest overall pace of...
  • Markets Set To Surge On Global Manufacturing PMI Bloodbath

    09/01/2014 10:00:56 AM PDT · by blam · 6 replies
    Zero Hedge ^ | 9-1-2014 | Tyler Durden
    Tyler DurdenSeptember 1, 2014If last week's disappointing global economic data, that saw Brazil added to the list of countries returning to outright recession as Europe Hamletically debates whether to be or not to be in a triple-dip, was enough to push the S&P solidly above 2000, even if on a few hundreds ES contracts (traded almost exclusively between central banks), then the overnight massacre of global manufacturing PMIs - when not one but both Chinese PMIs missed spurring calls for "more easing" and pushing the SHCOMP up 0.83% to 2,235.5 - should see the S&P cross Goldman's revised year end...
  • Stock Futures Shake Off Weak China Data

    03/24/2014 6:10:51 AM PDT · by mykroar ^ | 3/24/2014 | Adam Samson
    U.S. stock-index futures turned positive on Monday despite a round of disappointing data on China on the heels of a volatile trading week. Today's Markets As of 8:07 a.m. ET, Dow Jones Industrial Average futures climbed 24 points, or 0.24%, to 16245, S&P 500 futures advanced 3.5 points, or 0.2%, to 1861 and Nasdaq 100 futures rose 9.5 points, or 0.26%, to 3649. The markets capped a turbulent trading week to the upside last week, with the broad S&P 500 advancing 1.4%. The pace was expected to slow on Monday, with few major U.S. economic events on the calendar. Traders...
  • Chicago PMI slumps to 3.5-year low in April

    04/30/2013 7:03:32 AM PDT · by MulberryDraw · 5 replies
    Market Watch ^ | 4/30/2013 | Steve Goldstein
    WASHINGTON (MarketWatch) -- Chicago PMI slumped to a three-and-a-half year low of 49.0 in April, down from 52.4 in March and at a reading indicating contraction. Economists polled by MarketWatch had expected a 52.5 reading. Order backlogs were particularly weak, falling to 40.6 from 45.0.
  • Employment Collapsed In Today's Chicago PMI Report, But It's A Mistake To Freak Out About It

    12/28/2012 8:26:22 AM PST · by blam · 6 replies
    TBI ^ | 12-28-2012 | Sam Ro
    Employment Collapsed In Today's Chicago PMI Report, But It's A Mistake To Freak Out About It Sam RoDecember 28, 2012 Earlier this morning, we learned that the Chicago PMI climbed to 51.6 in December. This was slightly ahead of economists expectations. The gain was largely driven by a jump in the new orders sub-index. However, the employment index collapsed to a three-year low. Should we be worried? TD Securities' Eric Green thinks we should take a deep breath and think about what happened. "That may look worse than it really is, however," he writes. "The drop in employment reflects the...
  • China: Blow for Beijing as manufacturing remains weak(hard landing expected)

    10/02/2012 12:30:13 PM PDT · by TigerLikesRooster · 8 replies
    Canberra Times ^ | October 2, 2012
    Blow for Beijing as manufacturing remains weak Date October 2, 2012 CHINA'S manufacturing activity has continued to show signs of weakness in September, indicating Beijing's lacklustre effort to boost the economy has so far failed to arrest the slowdown. Though the official Purchasing Manager's Index rebounded slightly in September to 49.8 after a 49.2 reading in August, it still hovered below the expansion threshold of 50, increasing market speculation that the Chinese economy may grow less than 7.5 per cent this year - the official government target. August had marked the lowest reading since November 2011, as the world's second-biggest...
  • China's Export Orders Fall At Fastest Rate In 42 Months

    09/28/2012 9:05:11 PM PDT · by blam · 7 replies
    TBI ^ | 9-28-2012 | Sam Ro
    China's Export Orders Fall At Fastest Rate In 42 Months Sam RoSep. 28, 2012, 10:30 PMThe final September reading of China's HSBC Manufacturing PMI climbed to 47.9 from 47.6 last month. This compares to the September HSBC Flash PMI, which came in at 47.8. Many expect the final number to be in line with the Flash number. Any reading below 50 signals contraction in the industry. Here are the key points from Markit: * New export orders fall at fastest rate in 42 months * Output and input prices continue to fall * Purchasing activity declines amid weak demand and...
  • Manufacturing PMI Falls Below 50 and Administration is RAISING Taxes (Ignoring the Laffer Curve)

    07/02/2012 11:23:14 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 07/02/2012 | Anthony B. Sanders
    The Institute for Supply Management’s (ISM) factory index (PMI) fell to 49.7 in June from 53.5 a month earlier. This is the the lowest point since July 2009. The ISM manufacturing index is a measure of the health of the U.S. economy and reads above 50 are desirable. Historically, the economy begins to choke when PMI falls below 50. The Eurozone reported declining PMI this morning and here is a comparison of US PMI and Eurozone PMI. Notice a similar pattern (but with Eurozone degrading faster)? The reaction of the US and French governments to this declining economic conditions? RAISE...
  • Here Comes A Critical 12 Hours For The Global Economy

    07/01/2012 3:33:38 PM PDT · by blam · 19 replies
    TBI ^ | 7-1-2012 | Joe Weisenthal
    Here Comes A Critical 12 Hours For The Global Economy Joe Weisenthal Jul. 1, 2012, 9:17 AM HEADS UP: Global PMI day is going to begin tonight. PMI day is the day (always at the beginning of the month) when PMI manufacturing reports come out for all the world's big economies, from China to Europe to Brazil. And we cover each reading as they come out so get an instant look at the economic health of the globe. The reports start tonight with the Netherlands and South Korea at 8 PM ET, and then the biggie, China, at 9 PM....
  • How The World Economy Changed In One Month

    05/02/2012 6:27:28 AM PDT · by blam · 8 replies
    TBI ^ | 5-2-2012 | Eric Splatt
    How The World Economy Changed In One Month Eric Platt May 2, 2012Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable readings: U.S.: 54.8 in April, up from 53.4 Canada: 53.3 in April, up from 52.4 U.K.: 50.5 in April, down from a revised reading of 51.9 Eurozone: 45.9 in April, down from 47.7 Spain:...
  • China's Manufacturing Index Signals Contraction, But Markets Miraculously Maintain Gains

    01/20/2012 3:23:58 AM PST · by blam · 3 replies
    TBI ^ | 1-20-2012 | Sam Ro
    China's Manufacturing Index Signals Contraction, But Markets Miraculously Maintain Gains Sam Ro Jan. 19, 2012, 11:18 PM China's HSBC Flash Purchasing Manager's Index climbed to 48.8 in January, up from 48.7 in December. This is a preliminary reading on Chinese manufacturing activity, ahead of the official PMI number. A reading below 50 signals contraction. Signs that China might be slowing have been met with mixed emotions from traders. On one hand, weak data may encourage easier monetary policy, which in a sense is bullish. Then again, bad data is still bad data. Tonight, markets are showing a mixed response to...

    11/30/2011 7:08:09 AM PST · by blam · 21 replies
    TBI ^ | 11-30-2011 | Joe Weisenthal
    CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375 Joe Weisenthal Nov. 30, 2011, 9:45 AM The good news keeps rolling in. The Chicago PMI came in at 62.6, well ahead of expectations of 58.5. The Dow is up 380 now. Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number.
  • Chicago PMI shows slowing expansion in October

    10/31/2011 7:30:03 AM PDT · by Free Vulcan · 3 replies
    Marketwatch ^ | 10.31.11 | Steve Goldstein
    ...the Chicago PMI, edged back to a 58.4% reading in October from 60.4% in September. The reading was exactly in line with a MarketWatch-compiled economist poll...
  • Chicago PMI moves up to 60.4 in Sept.

    09/30/2011 8:07:59 AM PDT · by Free Vulcan · 1 replies
    Marketwatch ^ | 9.30.11 | Greg Robb
    ...The Chicago purchasing managers index rose to 60.4 from 56.5 in August. The rise was unexpected. Analysts were looking for a slight decline. Readings over 50 indicate overall business expansion...
  • MORE CONFIRMATION: The World Economy Is Rolling Over

    07/01/2011 4:03:46 AM PDT · by blam · 12 replies
    TBI ^ | 7-1-2011 | Joe Weisenthal
    MORE CONFIRMATION: The World Economy Is Rolling Over Joe Weisenthal Jul. 1, 2011, 4:11 AM We said something similar on this day last month, but the latest batch of PMI data is confirming that the world economy is still rolling over. * Chinese PMI slipped, and is just above 50. * Italy has gone negative. * Spanish PMI was already negative, and went further negative. * German PMI of 54.6 was just below 54.9 expectations. * UK missed: 51.3 vs. expectations of 52.1. The capper on the day -- ISM for the US -- comes out at 10:00. Expectations are...
  • Chicago factory gauge makes surprise rise in June (Chicago PMI)

    06/30/2011 7:43:37 AM PDT · by Free Vulcan · 4 replies
    Marketwatch ^ | 6.30.11 | Steve Goldstein
    WASHINGTON (MarketWatch) — A Chicago-area manufacturing gauge unexpectedly accelerated in June, according to data released Thursday, confounding expectations after other regional polls slowed. ISM-Chicago said the Chicago business barometer, which also is called the Chicago PMI, rose to a 61.1% reading from a 56.6% level in May to break a three-month losing run. Economists were surprised by the report, as a MarketWatch poll braced for a 55.0% reading. The advance was all the more surprising since regional manufacturing data out of Philadelphia and New York slowed, and the Chicago area is more exposed to the automobile sector, where production has...
  • US Stocks Already Rallying After Strong Data Out Of Asia

    10/01/2010 4:00:32 AM PDT · by blam · 11 replies
    The Business Insider ^ | 10-1-2010 | Joe Weisenthal
    US Stocks Already Rallying After Strong Data Out Of Asia Joe Weisenthal Oct. 1, 2010, 4:30 AM US futures are already a bit higher on this first day of the month, following two straight days of selling to end October. The big boost has come out of China, where the PMI came it hotter than expected.[snip]