First on Europe, from the WSJ: Euro Zone Economy Shrinks, Darkening Outlook Economic activity in the 17-country currency bloc fell at an annualized rate of 0.7% in the second quarter after stagnating in the first three months of 2012, according to data from the European Union’s statistics arm. And on Greece from the Financial...
Read more »
From Eurostat: Euro area unemployment rate at 11.1% The euro area (EA17) seasonally-adjusted unemployment rate was 11.1% in May 2012, compared with 11.0% in April. It was 10.0% in May 2011. The EU27 unemployment rate was 10.3% in May 2012, compared with 10.2% in April4. It was 9.5% in May 2011. Eurostat estimates that...
Read more »
PMI was at 52.4% in February, down from 54.1% in January. The employment index was at 53.2%, down from 54.3%, and new orders index was at 54.9%, down from 57.6%. From the Institute for Supply Management: January 2012 Manufacturing ISM Report On Business® Economic activity in the manufacturing sector expanded in February for the...
Read more »
This is the last of the regional Fed surveys for November. The regional surveys provide a hint about the ISM manufacturing index – and the regional surveys were mixed and still fairly weak in November. From the Dallas Fed: Texas Manufacturing Activity Declines Texas factory activity decreased in November, according to business executives responding...
Read more »
from the NY Fed: Empire State Manufacturing Survey The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve in March. The general business conditions index inched up 2 points, to 17.5. The new orders and shipments indexes fell but remained above zero, while the unfilled orders index rose above...
Read more »
• From the Kansas City Fed: Manufacturing activity matched an all-time survey high in February The month-over-month composite index was 19 in February, up from 7 in January and 14 in December. This reading matched all-time survey highs reached several times from late 2003 to early 2005. … The production index rose to 23,...
Read more »
PMI at 55.5% in July down from 56.2% in June. From the Institute for Supply Management: July 2010 Manufacturing ISM Report On Business® Economic activity in the manufacturing sector expanded in July for the 12th consecutive month, and the overall economy grew for the 15th consecutive month, say the nation’s supply executives in the...
Read more »