Canada’s global manufacturing PMI fell into contraction territory below 50 in August. USD/CAD is holding on to daily gains above 1.3150 after the data. Business activity in Canada’s manufacturing sector contracted in August with the S&P Global Manufacturing PMI falling to 48.7 from 52.5 in July. This reading disappointed market expectations of 53.6 by a […]
Tag: Manufacturing
When is the US Manufacturing PMI released and how could it affect EUR/USD?
US Manufacturing PMI Outlook The Institute of Supply Management (ISM) will publish this Thursday, at 14:00 GMT, the result of its latest survey of manufacturing companies, also known as the ISM Manufacturing PMI. The index is expected to have dropped to 52 in August, down from 52.8 the previous month. The indicator will provide a […]
China closes its factories due to heat wave as weather and economic problems mount – Washington Post
The US daily Washington Post published an article on Tuesday, citing that Chinese authorities ordered factories to suspend production in several regions major manufacturing plants to preserve electricity as the country grapples with its worst heat wave in six decades. Featured Comments “The sichuan provincewhere more than 80 million people live,announced on Monday that factories […]
EUR/USD rises strongly after strong US PMI report.
EUR/USD rises on risk appetite, despite rising tensions between the US and China. US manufacturing PMI remains in expansion territory, although new orders fall. Eurozone PMIs remain in contraction zone, while German retail sales slump. The EUR/USD advances for the fourth day in a row, amid an upbeat environment, as investors shrug off US-China tensions […]
UK: Preliminary Services PMI falls to 53.3 in July vs. 53.0 expected
UK Manufacturing PMI falls to 52.2 in July, improves estimates. UK services PMI stands at 53.3 in July, improving forecasts. The UK manufacturing Purchasing Managers’ Index (PMI), seasonally adjusted, fell to 52.2 in Julycompared to the 52.0 expected and the 52.8 of the final reading for June. For its part, the preliminary UK service sector […]
Eurozone: Preliminary Manufacturing PMI falls to 49.6 in July vs. 51.0 forecast
Eurozone Manufacturing PMI falls to 49.6 in July vs. 51.0 expected. The bloc services PMI falls to 50.6 in July vs. 52.0 expected. Activity in the Eurozone manufacturing sector unexpectedly contracted in July, the latest S&P Global research survey of manufacturing activity showed on Friday. The Eurozone manufacturing Purchasing Managers’ Index (PMI) stood at 49.6 […]
Germany: Preliminary manufacturing PMI shrinks to 49.2 in July vs. 50.6 expected
German Manufacturing PMI falls to 49.2 in July vs. 50.6 expected. Services PMI in Germany falls to 49.2 in July vs. 51.2 expected. German manufacturing and services sectors contracted in July as the recession gathered pace, the S&P Global/BME research preliminary manufacturing activity report reported on Friday. The Eurozone economic powerhouse manufacturing PMI stood at […]
UK: Manufacturing output up 1.4% mom in May vs. 0.1% expected
The recovery of the British industrial sector gained strength in Mayaccording to the latest UK manufacturing and industrial production data released by the Office for National Statistics (ONS) on Wednesday. Manufacturing output was 1.4%m/m in May vs. 0.1% expected and -0.6% registered in April, while total industrial production was 0.9%, vs. 0% expected and -0.1% […]
US: Factory orders rise 1.6% in May, vs. 0.5% expected
US factory orders rose at a faster-than-expected pace in May. The dollar continues to outperform its rivals after the data. Data released by the US Census Bureau revealed on Tuesday that new orders for manufacturing goods, factory orders, increased 1.6%, or $8.4 billion, to $543 billion in May. This data followed the increase of 0.7% […]
Canada S&P Global Manufacturing PMI falls to 54.6 in June vs. 56.6 forecast
Canada’s S&P Global Manufacturing PMI disappointed market expectations in June. The USD/CAD pair is still trading slightly above 1.2850 after the data. Business activity in Canada’s manufacturing sector expanded at a softer pace in June than in May, with Canada’s S&P Global Manufacturing PMI falling to 54.6 from 56.8. This data was weaker than the […]