IHS Markit PMI

Purchasing Managers Indigestion

By Jeffrey P. Snider|2020-08-05T19:21:37-04:00August 5th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There’s already doubt given how the two major series supposedly measuring the same thing seemingly can’t agree. If the rebound was truly robust, it would show up unambiguously everywhere. But IHS Markit’s purchasing managers indices struggled to get back above 50 in July, barely getting there, suggesting the economy might be slowing or even stalling way too close to the [...]

There Is Only One Global Trade War

IHS Markit reported last week that its composite Purchasing Managers Index (PMI) rebounded slightly in its first reading for June 2018. In January, the index had managed nearly 59, the highest in a very long time. It was taken as a definitive sign that Europe’s economy was not only booming, that boom was sustainable. Global liquidations struck at the end [...]

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