Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-02-15T16:45:38.000Z

Preview: Due February 22 - U.S. February S&P PMIs - Correcting from improved Januarys

byDave Sloan

Senior Economist , North America
-

We expect marginal slippage in February’s S and P PMIs, with manufacturing moving to a neutral 50.0 from January’s 50.7 that was the highest since September 2022, and services falling to 52.0 from January’s 52.5, which would be the first decline in the index since September.

January’s improvement in the S and P manufacturing index was consistent with a stronger ISM manufacturing index though moves above 50 proved difficult to sustain on 2023. Most regional surveys remained weak in January but the Philly Fed and Empire State data improved in February. This suggests the S and P survey can avoid a move back below neutral.

The ISM and S and P services indices are less well correlated than the manufacturing indices. The S and P services survey has a reasonable correlation with bond yields, where recent gains may prevent the improvement from September’s 50.1 low extending any further.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Data

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image