The eurozone manufacturing sector slowed further at the end of the first quarter, amid rising inflation and geopolitical tensions, with the PMI falling to a 14-month low. In particular, the manufacturing PMI fell to 56.5 points from 58.2 points in February, slipping to a 14-month low, according to final data from S&P Global. The manufacturing […]
Tag: PMI
Caixin Manufacturing PMI disappoints in March contracting sharply to 48.1
The China’s Caixin Chinese Manufacturing PMI fell to 48.1 in March versus 49.7 expected and 50.4 in February, showing that the country’s business conditions deteriorated amid the latest covid outbreak last month. This is the lowest result obtained by the indicator since February 2020. Earlier, China’s official manufacturing PMI contracted to 49.5 in March from […]
The US economy picked up pace in March despite the war
Uncertainty over the war in Ukraine and extremely high inflation did not stop the US economy from accelerating in March, according to data from the S&P Global Composite PMI. In particular, the index moved higher in March, reaching 58.5 points from 55.9 in February, recording a high of eight months, which indicates the rapid growth […]
EUR/GBP rises to two-day highs around 0.8350
EUR/GBP advances for the second day in a row and extends the previous day’s bounce from below the 0.8300 level. The better relative performance of the common currency could be attributed to a better than expected German PMI. A dovish assessment of the BoE decision last week keeps GBP bulls on the defensive. The crossing […]
Manufacturing PMI falls to 55.5 points in March vs. 56.7 expected
Business activity in the UK manufacturing sector lost momentum in early March. GBP/USD continues to push lower towards 1.3150 after the data. The UK manufacturing PMI decreased to 55.5 points in early March from the 58 seen in February, data released jointly by S&P Global and CIPS showed on Thursday. This digit did not meet […]
Eurozone: Fall in PMIs in services – manufacturing in March
Business growth in the Eurozone slowed in March as the economic impact of the Russian invasion of Ukraine nullified the impetus for further opening of economies from anti-Covid-19 restrictions. In particular, the composite PMI, which combines manufacturing and services, fell to a two-month low of 54.5 points from 55.5 points in February, according to initial […]
When is the US ISM Services PMI and how could it affect EUR/USD?
US ISM Services PMI Overview The Institute for Supply Management (ISM) will publish the Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI, at 15:00 GMT this Thursday. The indicator is expected to rise to 61 in February from 59.9 in the previous month. With the Fed looking more at inflation than […]
Final services PMI revised down to 60.5 in February
UK Final Services PMI is revised down to 60.5 in February. GBP/USD remains below 1.3400 after upbeat UK data. The focus is on US jobless claims and the ISM Services PMI ahead of the Russia-Ukraine peace talks. The UK service sector activity expanded less than expected in Februaryas confirmed on Thursday by the final report […]
US ISM Manufacturing PMI rises to 58.6 in February vs. 58.0 expected
The ISM Headline Manufacturing PMI rose to 58.6 in February, slightly higher than expected. The strong data appears to have added to the US dollar tailwinds, with DXY recently hitting session highs around 97.20. According to the latest US ISM manufacturing survey. For February, the headline index rose to 58.6, above economists’ median forecast of […]
Markit Manufacturing PMI rises modestly to 56.6 in February vs. 56.4 expectation
The Canadian Manufacturing PMI rose slightly to 56.6 in February. The Canadian dollar did not react and right now is more focused on rising crude oil prices. The Canadian Manufacturing PMI increased slightly to 56.6 in February, indicating continued strong growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and […]
