markit pmi

Perfect Storm of PMI Egress

By Jeffrey P. Snider|2015-09-01T17:11:14-04:00September 1st, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Today was, apparently, the perfect storm of downbeat PMI’s. As usual, sentiment surveys have limited value except in cases of outliers or in unanimity. There was some of both across the world’s manufacturing updates. First, which was certainly most watched, China’s PMI fell to a three-year low below 50, further suggesting that there isn’t yet a bottom for how much [...]

PMI Hope In Europe Stands Loosely on Second Derivatives

By Jeffrey P. Snider|2013-07-24T16:07:20-04:00July 24th, 2013|Markets|

The Markit Manufacturing PMI for the Eurozone hit a 24-month high just above the magical 50 line. While the Services PMI fell just short of 50, it was at 49.6, a level not seen in 18 months. These snapshots of economic function have provided a spike of optimism against the dismal European depression that has been unshakable. There should be [...]

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