Keyword: pmi

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  • 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
    FoxBusiness.com ^ | 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...
  • CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375

    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]
  • President Bill Clinton to Address Globalization, Progress at PMI Global Congress

    05/18/2010 2:36:28 PM PDT · by BFM · 9 replies · 260+ views
    President Bill Clinton to Address Globalization, Progress at PMI Global Congress 2010-North America President Bill Clinton will deliver the keynote address at PMI Global Congress 2010-North America in Washington, D.C., 10 October 2010. This year's Congress will take place at the Gaylord National Resort and Convention Center from 9-12 October.
  • China's economy shrinks

    12/02/2008 1:09:56 AM PST · by TigerLikesRooster · 29 replies · 798+ views
    Kerala ^ | 12/01/08
    China's economy shrinks Beijing, Dec 1: The Purchasing Managers' Index (PMI) of China's manufacturing sector dropped to 38.8 percent in November, down 5.8 percentage points from October, indicating that the country's economy has further contracted, the China Federation of Logistics and Purchasing (CFLP) said Monday. It was the index's lowest point since the CFLP initiated the survey with China's National Bureau of Statistics in 2005. It was also the fourth time China's PMI declined below 50 percent within this year, which reflected the country's economy had further contracted, analysts said. The PMI included a package of indices used to measure...
  • Roots of the mortgage crisis - What happened to PMI?

    09/20/2008 7:21:25 AM PDT · by Liberty Ship · 26 replies · 1,611+ views
    What happened to PMI, or Lenders Mortgage Insurance, in this discussion? Technically, people were supposed to purchase PMI to protect the lender in the event of default. This was a requirement when the borrower did not put down at least 20% cash upon purchase. 20% was considered to be a sufficient amount to assure that the lender did not take a loss in the event of foreclosure. From Wikipedia: "Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required...
  • Chicago PMI index 65.9 in January

    01/30/2004 8:08:53 AM PST · by Starwind · 2 replies · 150+ views
    Biz.Yahoo/Reuters ^ | January 30, 2004
    UPDATE - TABLE-Chicago PMI index 65.9 in January Friday January 30, 10:59 am ET (Adds revised previous months data). NEW YORK, Jan 30 (Reuters) - The National Association of Purchasing Management-Chicago said on Friday its index of Midwest business activity rose in January to 65.9 from upwardly revised 61.2 in December. The figures for the previous months reflect annual seasonal revisons. The December number was originally 59.2. . Jan Dec Nov Oct Sept Aug July (seasonal adj) NAPM-Chicago 65.9 61.2 62.9 55.8 53.0 57.9 55.3 Production* 76.5 68.9 68.3 63.9 57.1 61.4 57.8 New Orders* 69.7 66.1 68.5 61.6 54.8...
  • Chicago PMI index 59.2 in Dec vs 64.1 in Nov

    12/30/2003 8:37:31 AM PST · by Starwind · 2 replies · 177+ views
    Biz.Yahoo/Reuters ^ | December 30, 2003
    Chicago PMI index 59.2 in Dec vs 64.1 in Nov Tuesday December 30, 10:06 am ET NEW YORK, Dec 30 (Reuters) - The National Association of Purchasing Management-Chicago said on Tuesday its index of Midwest manufacturing activity fell a bit in December to 59.2 from November's 64.1. . Dec Nov Oct Sept Aug July June (seasonal adj) NAPM-Chicago 59.2 64.1 55.0 51.2 58.9 55.9 52.5 Production* 63.4 69.0 62.0 55.8 61.6 58.4 56.5 New Orders* 65.5 73.3 59.2 53.2 60.5 61.7 54.8 Order Backlog* 50.8 59.6 47.3 50.7 51.0 49.4 45.8 Inventories 40.6 43.4 38.1 52.8 49.8 39.4 48.8 Employment*...
  • Chicago PMI index 64.1 in Nov vs 55.0 in Oct

    11/26/2003 8:00:04 AM PST · by Starwind · 2 replies · 118+ views
    Biz.Yahoo/Reuters ^ | November 26, 2003
    Chicago PMI index 64.1 in Nov vs 55.0 in Oct Wednesday November 26, 10:22 am ET NEW YORK, Nov 26 (Reuters) - The National Association of Purchasing Management-Chicago said on Wednesday its index of Midwest manufacturing activity came in sharply higher in November at 64.1, its highest level since October 1994. The November result easily topped October's already strong level of 55.0 as well as analysts' expectations of 56.0. . Nov Oct Sept Aug July June May (seasonal adj) NAPM-Chicago 64.1 55.0 51.2 58.9 55.9 52.5 52.2 Production* 69.0 62.0 55.8 61.6 58.4 56.5 60.5 New Orders* 73.3 59.2 53.2...
  • Chicago PMI index 55.0 in Oct vs 51.2 in Sept

    10/31/2003 7:15:36 AM PST · by Starwind · 2 replies · 96+ views
    Chicago PMI index 55.0 in Oct vs 51.2 in Sept Friday October 31, 10:06 am ET NEW YORK, Oct 31 (Reuters) - The National Association of Purchasing Management-Chicago said on Friday its index of Midwest manufacturing activity came in for October at 55.0, up from 51.2 in September, but below analysts' expectations of 55.5. But the reading remained above the critical threshold of 50, which separates growth from contraction in the sector. . Oct Sept Aug July June May Apr (seasonal adj) NAPM-Chicago 55.0 51.2 58.9 55.9 52.5 52.2 47.6 Production* 62.0 55.8 61.6 58.4 56.5 60.5 51.0 New Orders*...
  • U.S. Midwest business expansion brakes sharply

    09/30/2003 8:46:34 AM PDT · by Starwind · 4 replies · 170+ views
    Biz.Yahoo/Reuters ^ | September 30, 2003
    UPDATE - U.S. Midwest business expansion brakes sharply Tuesday September 30, 11:06 am ET By Ros Krasny (Adds quotes, prices)CHICAGO, Sept 30 (Reuters) - The pace of business expansion in the U.S. Midwest slowed unexpectedly in September, falling well short of market expectations, according to figures released on Tuesday. Business activity is rebounding from the worst downturn in two decades, but the National Association of Purchasing Management-Chicago barometer dropped to its lowest since April. The index plunged to 51.2 from 58.9 in August. Economists polled by Reuters had forecast the September index to come in at 57.0, in a range...
  • Chicago PMI index 58.9 in Aug vs 55.9 in July

    08/29/2003 5:05:19 PM PDT · by Starwind · 1 replies · 168+ views
    Biz.Yahoo/Reuters ^ | Augus 29, 2003
    Chicago PMI index 58.9 in Aug vs 55.9 in July Friday August 29, 10:06 am ET NEW YORK, Aug 29 (Reuters) - The National Association of Purchasing Management-Chicago said on Friday its index of Midwest manufacturing activity came in higher in August at 58.9 from 55.9 in July, well above analysts' expectations of 55.5. The reading remained above the critical threshold of 50, which separates growth from contraction in the sector. . Aug July June May Apr Mar Feb (seasonal adj) NAPM-Chicago 58.9 55.9 52.5 52.2 47.6 48.4 54.9 Production* 61.6 58.4 56.5 60.5 51.0 49.1 62.4 New Orders* 60.5...
  • Chicago PMI index 55.9 in July vs 52.5 in June

    07/31/2003 7:15:39 AM PDT · by Starwind · 6 replies · 177+ views
    Biz.Yahoo/Reuters ^ | July 31, 2003
    Chicago PMI index 55.9 in July vs 52.5 in June Thursday July 31, 10:05 am ET NEW YORK, July 31 (Reuters) - The National Association of Purchasing Management-Chicago said on Thursday its index of Midwest manufacturing activity came in at 55.9 in July, up from 52.5 in June and above analyst expectations of 54.0. The reading remained above the critical threshold of 50, which separates growth from contraction in the sector. . July June May Apr Mar Feb Jan Dec (seasonal adj) NAPM-Chicago 55.9 52.5 52.2 47.6 48.4 54.9 56.0 51.7 Production* 58.4 56.5 60.5 51.0 49.1 62.4 63.1 52.6...
  • Chicago Factory Index Rises for Second Month

    06/30/2003 11:35:29 AM PDT · by Steven W. · 4 replies · 189+ views
    TheStreet.com ^ | 6/30/03 | Paula Lace
    The latest Chicago-area factory sector report received a rather muted reaction from investors Monday, but the data could still indicate the economy is taking steps on the road to recovery, some experts say. The Chicago Purchasing Managers' Index rose for a second consecutive month in June, reaching 52.5, but was slightly below estimates of 53, based on a Bloomberg poll of economists. In May, the index was at 52.2. Any reading above 50 indicates business activity in the factory sector is picking up. " [Manufacturing] is better, but not booming," said Jim Sullivan, U.S. economist at Warburg Dillon Reade. "At...