Category: PMI
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Spain May services PMI 56.9 vs 56.4 expected
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Once again, Spain remains the bright spot in the Eurozone. This represents the largest increase in activity in more than a year. HCOB notes that: “In May, Spain’s services sector continued to expand. Both activity and new business saw significant growth, with the Services PMI business activity index rising to…
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US ISM Services PMI for May due Wednesday, the ranges of estimates (ADP jobs number too)
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The average consensus estimate for the US ISM Services PMI is 50.5, as can be seen in the screenshot below, from the ForexLive Economic Data Calendar, Access it here. I saw Reuters with its forecast at 50.8. Data outcomes that fall outside of market low and high expectations tend to…
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U.S. ISM Manufacturing PMI Surprised With a Deeper Contraction in May
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The latest round of US manufacturing PMI releases showed a mixed picture, with S&P Global revising its preliminary readings higher while the closely watched ISM PMI showed a deeper contraction than markets expected: S&P Global’s final manufacturing PMI jumped from 50.0 to 51.3 in May (vs. initial 50.9 reading) ISM…
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UK May Final Manufacturing PMI 51.2 vs.51.3 expected
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Final Manufacturing PMI 51.2 vs. 51.3 expected and 49.1 previous. Key findings: Manufacturing PMI at 51.2 in May Production is rising in all major subsectors and size categories. Business optimism rises to 27-month high comment: Commenting on the latest survey results, Rob Dobson, Director of S&P Global Market Intelligence, said:…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
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US ISM PMI data due Monday, the range of estimates (& why they’re crucial to know)
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The S&P Purchasing Managers’ Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus average (“expected” in the screenshot above) for the ISM data point,…
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PMI data in focus in European trading today
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The dollar maintains its stability again, after the slight gains it achieved yesterday. USD/JPY is vying for last week’s high at 156.78 while EUR/USD is pulling back towards a test of its 100-day moving average at 1.0814. This comes after the Fed’s meeting minutes were released overnight, which although more…
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Spain April Final Services PMI 56.2 vs. 56 expected
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Services PMI: 56.2 vs. 56 expected and 56.1 previously. Composite PMI 55.7 vs. 55.3 previously. Key findings: Stronger gains in activity, although new business growth slows. The numbers of jobs are increasing sharply. Inflation rates remain high. comment: Commenting on the PMI data, Jonas Wildhusen, Junior Economist at Hamburg Commercial…
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It’s going to a be a dull market until the US NFP and ISM Services PMI
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There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in the big picture, nothing has changed We…
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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected
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In the Eurozone, the April manufacturing PMI was 45.7 versus 45.6 expected and 46.1 previously. Key findings: Eurozone HCOB manufacturing PMI at 45.7 (March: 46.1). Lowest level in 4 months. Eurozone HCOB manufacturing PMI output index at 47.3 (March: 47.1). Highest level in 12 months. Factory output is falling at…