Tuesday, April 8, 2014 Monday, April 7, 2014 Thursday, March 6, 2014 Friday, February 28, 2014

France showing significant relative weakness

Reported Feb 20th.

Manufacturing PMI has yet to hit expansion territory.

Meanwhile, Services PMI just hit a 9-month low and seems to be carving out a top.

—————————————————-

A feeble Eurozone recovery without France isn’t an all-clear from the Euro crisis. 

Thursday, February 27, 2014 Saturday, February 22, 2014 Friday, February 7, 2014 Tuesday, February 4, 2014

China Non-Manufactuing PMI for January

Corrected 2/8/14

  • Level down to 53.4 in January from 54.6.  Lowest level in 5 years. 
  • New orders at 50.6.
  • Business activities expectations are at 58.1.  While this remains above the 50 level, the gauge has plunged since July (63.9).

http://www.reuters.com/article/2014/02/03/us-china-economy-services-pmi-idUSBREA1203G20140203

Tuesday, December 17, 2013
Here’s the release of the composite PMI for Europe released yesterday.  We’re seeing a dichotomy between Germany and France, which isn’t good news “for Europe.”  A broad recovery is what’s needed to fight back against growing anti-euro sentiment.  

Here’s the release of the composite PMI for Europe released yesterday.  We’re seeing a dichotomy between Germany and France, which isn’t good news “for Europe.”  A broad recovery is what’s needed to fight back against growing anti-euro sentiment.