On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -0.2%. This negative (rather than stagnant) figure makes the -0.5% print forecast for Q1 2023 a more foreboding prediction for Germany’s economy. France’s expected GDP for Q4 was...
The US Purchasing Managers Composite Index (PMI) increased in January to 46.6 from 45 in December, representing a slowing economy but slightly less pessimistic than expected and better than the month before. As a preliminary release for January, this US PMI report gives investors the...
From a momentum standpoint, global manufacturing peaked in September 2013 and has been steadily slowing, at least in terms of breadth, since then. In order to understand the global manufacturing sector we have created a variety of diffusion indices using the Markit Manufacturing PMI Data....
US industrial production in March declined the most month-over-month since 2009. Weather again played a role as colder weather in February led to a spike in utilities output last month and this month we saw the effects of the unwinding of that spike....
Markit’s PMI Manufacturing survey data released today showed little change in euro area countries’ headline readings, as most continued to hover around the all-important 50 level: The largest monthly improvement was in France (~2 points) while Ireland’s survey fell the most (~2 points), and no...
Spain was the big winner in today’s release of PMI Manufacturing data, while France (and Greece) were more disappointing: The divergence between Spain and France– and the implications for each country’s industrial production, based on past correlations– is quite striking:...
In contrast to a predicted deterioration, France’s survey of confidence among manufacturers managed to remain unchanged in November: And this is perhaps not surprising, given that Industrial companies in MSCI France have led all other sectors in performance over the last four years: But is...
In today’s US economic releases, we saw signs of a rebound in employment (with a caveat), a pick up in manufacturing activity, and another data point signalling low inflation. Initial jobless claims dropped by 21k to 323k....
