All articles tagged with #pmi
Spot gold fell 1.74% to $4,282.81 per ounce after S&P Global reported a flash Composite PMI of 58.4 in September, beating forecasts. The surge in business activity, the fastest in over five years, raised concerns about supply chain bottlenecks and rising input costs, which could exacerbate inflation and reduce the appeal of safe-haven assets.
Manufacturing payrolls rose by more than 50,000 since February and demand remains strong, with PMI and ISM indexes signaling continued expansion; the Beige Book notes wage gains tied to skilled labor, but the article cautions that data sources may be noisy or biased, framing the strength within ongoing debates over trade and policy.
China’s official manufacturing PMI rose to 49.8 in August, still signaling contraction for a second straight month but better than July and forecasts; production and new orders expanded to 50.4 and 50.6, export orders recovered to 50.1, while inventories and employment remained weak and the non-manufacturing PMI stayed at 49. Economists expect growth to pick up later in the year as adverse weather fades and local governments accelerate fiscal spending, with the recovery likely to show more impact in Q4.
U.S. stock futures drift higher on Friday as bitcoin surged toward $77,000, with Dow futures up about 0.6%, S&P 500 futures up 0.4%, and Nasdaq-100 futures up 0.7%, as investors await details on President Trump's Iran policy, a Jackson Hole backdrop, and the S&P Global PMI release along with BJ's Wholesale Club earnings; a bond selloff earlier in the week pressured AI/tech names like Nvidia, while bitcoin's strength supported risk sentiment.
US stocks rose modestly on Friday as new Trump tariffs went into effect and oil prices pulled back, with the Dow up about 0.7%, the S&P 500 up around 0.5%, and the Nasdaq near flat; Brent crude fell below $95 a barrel, easing inflation concerns, while a flash PMI showed US business activity expanding at the fastest pace in eight months in July. Verizon, American Express, and NextEra Energy beat earnings estimates but missed revenue, and Intel shares declined after its results.
China’s official manufacturing PMI rose to 50.3 in June, signaling expansion driven by high‑tech and AI-related production and a rebound in new export orders, while the non‑manufacturing PMI edged up to 50.2. External demand provided a lift amid weak domestic demand and a property downturn, with policymakers showing little sign of near‑term stimulus despite some improvement in exports.
The June S&P Global US Flash PMI shows U.S. manufacturing payrolls contracting for the second straight month, with factory layoffs at the fastest pace since the pandemic and near the worst outside the 2008–09 crisis (excluding COVID). While cooling energy costs ease input inflation, service growth remains subdued and the upturn is being buoyed mainly by inventory rebuilding, raising questions about the durability of demand.
June US manufacturing employment fell at the fastest monthly pace since May 2020, with the S&P Global US Flash PMI’s employment index dropping to 47 from 51.6 in May, signaling contraction even as output grows. Firms cite elevated input costs and policy uncertainty tied to tariffs and the Iran conflict, and overall factory jobs have declined by about 77,000 since the start of Trump’s second term; energy prices easing has cooled some input costs, but concerns persist for manufacturers.
The idea that you must save 20% for a home is a convention, not a rule: smaller down payments can be viable and even cheaper in the long run thanks to PMI being temporary, with options like conventional loans (as low as 3% down), FHA (3.5%), ARMs, and piggyback loans; pre-approval reveals what you can borrow and what monthly costs look like, while cash reserves for repairs are wise; state programs and UpPayment assistance can help first-time buyers—so run the numbers and consider buying sooner rather than waiting years to hit 20%.
June's S&P Global flash PMIs show U.S. manufacturing still expanding for the month (PMI 55.7) but with factory job cuts at their highest since 2009 outside the Covid period, highlighting demand worries and rising costs even as inventories bolster output; services activity also rose modestly (PMI 51.3), underscoring that overall growth remains tepid for the economy.
The article argues that prospective homeowners should focus on monthly costs and cash flow (PITI and DTI) rather than the sticker price. It notes that first‑time buyers typically put down 6–9% (less than 20% often triggers PMI), a trade‑off that can still get people into a home earlier. A fixed‑rate mortgage provides payment stability and potential tax benefits, though maintenance costs fall on the owner. Renting may seem cheaper but doesn’t build equity, while buying builds equity over time. Getting pre‑approved yields concrete numbers for what you can actually afford, and lenders expect you to shop around. It also promotes Progressive’s UpPayment program offering up to $13,500 in down payment assistance for eligible first‑time buyers. The piece encourages turning planning into action with clear, paper‑based numbers before buying.
ISM’s May manufacturing PMI rose to 54, the fifth straight month of expansion, signaling a potential end to the factory slump, but respondents warn the strength may reflect precautionary stockpiling and ongoing cost and supply-chain pressures, leaving the underlying health of U.S. manufacturing unclear.
China’s official manufacturing PMI rose to 50.3 in April, beating expectations and signaling expansion, but growth cooled from March as new orders slowed. The non-manufacturing PMI contracted, while a private PMI jumped to 52.2—the strongest since December 2020—driven by solid demand and new product launches. Export orders rose, though input prices remained elevated due to oil amid Middle East tensions.
China’s official manufacturing PMI rose to 50.4 in March, the strongest in a year and signaling expansion on firmer demand and better export orders, even as a Middle East energy shock raises costs and growth risk. Output and new orders improved, while input costs surged, suggesting limited pricing power. Analysts forecast Q1 GDP above Beijing’s 4.5% target, but caution that the momentum may fade in the face of higher energy prices and global slowdown, prompting policymakers to lean on domestic demand and structural measures to cushion the oil shock.
China’s official manufacturing PMI rose to 50.4 in March, the strongest reading in a year and above expectations, signaling expansion after two months of contraction as production and new orders grew; however, inventories, employment, and delivery times remained contracted, while the non-manufacturing PMI rose to 50.1 and export demand picked up.