Tag Archives: PMI

Shorts Send Out Mayday As ISM Surprises

Wow! Check out the market reaction to the ISM this morning.  Many were caught off guard and even shorting just minutes before the number expecting a weaker print on the back of the weaker regional PMIs.   We were surprised, but, … Continue reading

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U.S. Manufacturing Surprises to the Upside

The Institute for Supply Management (ISM), the US purchasing managers’ index (PMI) for March increased to 53.4 from 52.4 in February, beating expectations of 53.  It’s the 32nd consecutive month that the index has been at least 50. The ISM … Continue reading

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China’s Dueling PMIs: Official Expands, HSBC Contracts

The markets must make a choice on Monday as to what China Purchasing Managers’ Index — official or the HSBC — they want to focus on and believe. The official data released  today by National Bureau of Statistics shows the … Continue reading

Posted in Black Swan Watch, BRICs, China | Tagged , , , | 3 Comments

Korea PMI Expands After 7-Month Contraction

From Markit, Commenting on the South Korea Manufacturing PMI® survey, Ronald Man, Economist at HSBC in Asia said: “At last, manufacturing conditions in Korea have improved. More importantly for policy makers, new orders have picked up, which suggests that demand … Continue reading

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China Flash PMI At 4-month High

From today’s Markit release, Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: “Growth remains on track of slowdown, despite the marginal improvement in the headline flash … Continue reading

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HSBC Flash China PMI Contracts

“The third consecutive below-50 reading of the manufacturing PMI suggested that growth is likely to moderate further, following the sharp drop of 4Q GDP to a three-year low at 8% on a q-o-q seasonally adjusted annualized basis. Despite the upside … Continue reading

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HSBC Brazil PMI Shows Weakest Deterioration Since Decline

“The main message from the latest HSBC Manufacturing PMI index is that the deterioration in Brazil’s manufacturing sector business conditions continued to ease in December. The headline index remains just under the 50.0 waterline (49.1), indicating that the sector is … Continue reading

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China’s official PMI records lowest reading since February 2009

CNBC reports, China’s big factories ran at their slowest pace in almost three years in October as new orders and exports slowed, but smaller firms are showing signs of a fight back against a deteriorating global backdrop, purchasing managers indexes … Continue reading

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Spain and Italy Services PMI Continue to Contract

(click here if chart is not observable)

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