RENMAC: “.. The regional manufacturing PMIs are telling you that business investment is likely to crumble. Our tracker of capital spending intentions across the various regional PMIs tumbled to -3.9, the lowest since May 2020.”
April 25, 2025 at 7:27 PM
RENMAC: “.. The regional manufacturing PMIs are telling you that business investment is likely to crumble. Our tracker of capital spending intentions across the various regional PMIs tumbled to -3.9, the lowest since May 2020.”
strong US PMIs, 10 yr yield back over 5%:
September 23, 2026 at 1:46 PM
strong US PMIs, 10 yr yield back over 5%:
THIS x 1,000,000. Honestly I don’t know who this person is (this clip popped up on social media) but I would vote for them tomorrow.
June 17, 2025 at 10:01 AM
PMIs, Barr, 5yr auction, Brent +4.4%... tough day Treasurys all the way around
September 23, 2026 at 8:07 PM
PMIs, Barr, 5yr auction, Brent +4.4%... tough day Treasurys all the way around
Eurozone and UK PMIs coming in all over 50 now, altho a very small miss from UK vs. expectations:
September 23, 2026 at 8:38 AM
Eurozone and UK PMIs coming in all over 50 now, altho a very small miss from UK vs. expectations:
This morning's S&P Global flash PMIs: "Barring the spike in demand following the opening up of the economy after the COVID-19 lockdowns, the latest improvement in business activity is the greatest recorded since early 2015" ... intensifying price pressures
GS
GS
September 23, 2026 at 4:08 PM
This morning's S&P Global flash PMIs: "Barring the spike in demand following the opening up of the economy after the COVID-19 lockdowns, the latest improvement in business activity is the greatest recorded since early 2015" ... intensifying price pressures
GS
GS
Mfg PMIs tomorrow morning
ADP & Services PMIs Weds
Challenger & Claims Thurs
NFP & Retail Sales Fri
ADP & Services PMIs Weds
Challenger & Claims Thurs
NFP & Retail Sales Fri
March 1, 2026 at 1:03 PM
Mfg PMIs tomorrow morning
ADP & Services PMIs Weds
Challenger & Claims Thurs
NFP & Retail Sales Fri
ADP & Services PMIs Weds
Challenger & Claims Thurs
NFP & Retail Sales Fri
".. US flash PMIs send the same stagflationary message:
".. 'Average input costs rose sharply again in February, linked to supplier price hikes, tariffs and higher wages, feeding through to the largest increase in average selling prices since last August.'"
(via Vital Knowledge)
".. 'Average input costs rose sharply again in February, linked to supplier price hikes, tariffs and higher wages, feeding through to the largest increase in average selling prices since last August.'"
(via Vital Knowledge)
February 20, 2026 at 3:01 PM
".. US flash PMIs send the same stagflationary message:
".. 'Average input costs rose sharply again in February, linked to supplier price hikes, tariffs and higher wages, feeding through to the largest increase in average selling prices since last August.'"
(via Vital Knowledge)
".. 'Average input costs rose sharply again in February, linked to supplier price hikes, tariffs and higher wages, feeding through to the largest increase in average selling prices since last August.'"
(via Vital Knowledge)
December PMIs are out and nothing new, Spain continues to power ahead a cut above the rest.
January 6, 2025 at 8:42 AM
December PMIs are out and nothing new, Spain continues to power ahead a cut above the rest.
PMIs crushed it, and Oct. hike now up to 73%.
Goldman: “…some of the strength… could be a result of nominal bias… by respondents who think about shipments & orders in $ rather than real terms. Both PMIs also pointed to intensifying price pressures”
Services input prices highest since 10/22.
Goldman: “…some of the strength… could be a result of nominal bias… by respondents who think about shipments & orders in $ rather than real terms. Both PMIs also pointed to intensifying price pressures”
Services input prices highest since 10/22.
At least very near term, October hike probability now greater than 2/3, was closer to 50/50 to start the week.
September 23, 2026 at 4:05 PM
PMIs crushed it, and Oct. hike now up to 73%.
Goldman: “…some of the strength… could be a result of nominal bias… by respondents who think about shipments & orders in $ rather than real terms. Both PMIs also pointed to intensifying price pressures”
Services input prices highest since 10/22.
Goldman: “…some of the strength… could be a result of nominal bias… by respondents who think about shipments & orders in $ rather than real terms. Both PMIs also pointed to intensifying price pressures”
Services input prices highest since 10/22.
Eurozone PMIs for September show weakness in France, strength in Germany and Eurozone overall vs. expectations
UK PMIs improving well in Manufacturing, leading to a small beat overall vs. expectations
UK PMIs improving well in Manufacturing, leading to a small beat overall vs. expectations
October 24, 2025 at 8:32 AM
Eurozone PMIs for September show weakness in France, strength in Germany and Eurozone overall vs. expectations
UK PMIs improving well in Manufacturing, leading to a small beat overall vs. expectations
UK PMIs improving well in Manufacturing, leading to a small beat overall vs. expectations
Russian Services PMI worsened to 48.2 in June, the worst climate since December 2022. PMIs below 50 indicates shrinkage.
www.pmi.spglobal.com/Public/Home/...
www.pmi.spglobal.com/Public/Home/...
July 27, 2026 at 1:06 AM
Russian Services PMI worsened to 48.2 in June, the worst climate since December 2022. PMIs below 50 indicates shrinkage.
www.pmi.spglobal.com/Public/Home/...
www.pmi.spglobal.com/Public/Home/...
THIS x 1,000,000. Honestly I don’t know who this person is (this clip popped up on social media) but I would vote for them tomorrow.
June 16, 2025 at 4:01 PM
I know sophisticates no longer care about PMIs, but this Chicago print is a sizzler
May 29, 2026 at 2:15 PM
I know sophisticates no longer care about PMIs, but this Chicago print is a sizzler
More "we've already gone the last mile" discourse: PMIs also show inflation back to prepandemic. Possibly worth noting when Trump adds inflation numbers to unemployment as "fake"
January 24, 2024 at 8:26 PM
More "we've already gone the last mile" discourse: PMIs also show inflation back to prepandemic. Possibly worth noting when Trump adds inflation numbers to unemployment as "fake"
No data tomorrow, but this will be a very interesting Waller speech... the dove, turned moderate, could pivot further hawkish
June flash PMIs Tuesday
May PCE Thursday
June flash PMIs Tuesday
May PCE Thursday
June 21, 2026 at 2:36 PM
No data tomorrow, but this will be a very interesting Waller speech... the dove, turned moderate, could pivot further hawkish
June flash PMIs Tuesday
May PCE Thursday
June flash PMIs Tuesday
May PCE Thursday
PMIs suggest a pretty rapid increase in German manufacturing productivity, and indeed in the PMI itself.
(c) Deutsche Bank
(c) Deutsche Bank
June 6, 2025 at 10:35 AM
PMIs suggest a pretty rapid increase in German manufacturing productivity, and indeed in the PMI itself.
(c) Deutsche Bank
(c) Deutsche Bank
You were hoping for a quiet summer.
With Iran closing the Strait of Hormuz, expect spiking oil prices.
Key economic data (PMIs) and central bank speeches will be closely watched. NATO Summit focuses on global security.
And Tuesday it’s Taco Night.
With Iran closing the Strait of Hormuz, expect spiking oil prices.
Key economic data (PMIs) and central bank speeches will be closely watched. NATO Summit focuses on global security.
And Tuesday it’s Taco Night.
June 22, 2025 at 3:15 PM
You were hoping for a quiet summer.
With Iran closing the Strait of Hormuz, expect spiking oil prices.
Key economic data (PMIs) and central bank speeches will be closely watched. NATO Summit focuses on global security.
And Tuesday it’s Taco Night.
With Iran closing the Strait of Hormuz, expect spiking oil prices.
Key economic data (PMIs) and central bank speeches will be closely watched. NATO Summit focuses on global security.
And Tuesday it’s Taco Night.
THIS x 1,000,000. Honestly I don’t know who this person is (this clip popped up on social media) but I would vote for them tomorrow.
June 17, 2025 at 12:14 AM
European PMIs recovering, and ahead of expectations for France, Germany, UK and the Eurozone overall:
July 24, 2026 at 8:50 AM
European PMIs recovering, and ahead of expectations for France, Germany, UK and the Eurozone overall:
Mfg PMIs tomorrow, Fedspeak Tuesday
March 1, 2026 at 9:57 PM
Mfg PMIs tomorrow, Fedspeak Tuesday
Lots of Fedspeak ahead, including Governor Powell (but nothing from Chair Warsh)
Mfg PMIs Monday
JOLTS Tuesday
ADP, Services PMIs Weds
Challenger Job Cuts Thurs
NFP Friday
Mfg PMIs Monday
JOLTS Tuesday
ADP, Services PMIs Weds
Challenger Job Cuts Thurs
NFP Friday
May 29, 2026 at 11:59 AM
Lots of Fedspeak ahead, including Governor Powell (but nothing from Chair Warsh)
Mfg PMIs Monday
JOLTS Tuesday
ADP, Services PMIs Weds
Challenger Job Cuts Thurs
NFP Friday
Mfg PMIs Monday
JOLTS Tuesday
ADP, Services PMIs Weds
Challenger Job Cuts Thurs
NFP Friday
US Flash PMIs for April from S&P Global
Manufacturing 50.7 vs 49.0 exp/50.2 prev
Services 51.4 vs 52.6 exp/54.4 prev
More details in a sec
Manufacturing 50.7 vs 49.0 exp/50.2 prev
Services 51.4 vs 52.6 exp/54.4 prev
More details in a sec
April 23, 2025 at 1:45 PM
US Flash PMIs for April from S&P Global
Manufacturing 50.7 vs 49.0 exp/50.2 prev
Services 51.4 vs 52.6 exp/54.4 prev
More details in a sec
Manufacturing 50.7 vs 49.0 exp/50.2 prev
Services 51.4 vs 52.6 exp/54.4 prev
More details in a sec
July ESR broadly in-line
Payrolls +73k vs +104k exp/+147k prev
2m net revision -11k
Unemployment 4.2% vs 4.2% exp/4.1% prev
Avg hourly earnings +0.3% MoM vs +0.3% exp/+0.2% prev
LFPR 62.2% vs 62.3% exp/62.3% prev
Still to come today: July man'f PMIs, construction spending, UMich final for July
Payrolls +73k vs +104k exp/+147k prev
2m net revision -11k
Unemployment 4.2% vs 4.2% exp/4.1% prev
Avg hourly earnings +0.3% MoM vs +0.3% exp/+0.2% prev
LFPR 62.2% vs 62.3% exp/62.3% prev
Still to come today: July man'f PMIs, construction spending, UMich final for July
Employment Situation Report for July at 8:30a ET.
Payrolls expected +104k vs +147k in June
Unemployment expected 4.2% vs 4.1% prev
Avg hourly earnings expected +0.3% MoM vs +0.2% prev
LFPR expected 62.3% vs 62.3% prev
Payrolls expected +104k vs +147k in June
Unemployment expected 4.2% vs 4.1% prev
Avg hourly earnings expected +0.3% MoM vs +0.2% prev
LFPR expected 62.3% vs 62.3% prev
August 1, 2025 at 12:30 PM
July ESR broadly in-line
Payrolls +73k vs +104k exp/+147k prev
2m net revision -11k
Unemployment 4.2% vs 4.2% exp/4.1% prev
Avg hourly earnings +0.3% MoM vs +0.3% exp/+0.2% prev
LFPR 62.2% vs 62.3% exp/62.3% prev
Still to come today: July man'f PMIs, construction spending, UMich final for July
Payrolls +73k vs +104k exp/+147k prev
2m net revision -11k
Unemployment 4.2% vs 4.2% exp/4.1% prev
Avg hourly earnings +0.3% MoM vs +0.3% exp/+0.2% prev
LFPR 62.2% vs 62.3% exp/62.3% prev
Still to come today: July man'f PMIs, construction spending, UMich final for July
USTs justifiably no longer react to manufacturing PMIs
February 2, 2026 at 2:47 PM
USTs justifiably no longer react to manufacturing PMIs