The Eurozone Manufacturing PMI survey's new
export orders index has been hitting six - year highs in recent months.
The New
Export Orders Index registered 61.5 percent, which is 3.5 percentage points higher than the 58 percent reported in March.
ISM ®'s New
Export Orders Index registered 57.7 percent in April, a decrease of 1 percentage point when compared to the 58.7 percent reported for March, indicating growth in new export orders for the 26th consecutive month.
The question, which we can not answer at this point, is does this represent volatility reflecting fears over Europe (
the export order index fell six points) and will orders bounce back (as the orders index did in November 2001) or is it a slide into something more worrying?
Not exact matches
While Purchasing Manager
Index (PMI) data from India showed factory growth accelerating, China factory activity edged up marginally though records shrinking
export orders..
On that front, the non-manufacturing NAPM reading plunged to a new low for the
index last month, with declines in new
orders,
exports, employment and prices.
For each of the indicators measured (New
Orders, Backlog of
Orders, New
Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers» Inventories, Employment and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher, better and slower for Supplier Deliveries) and the negative economic direction (lower, worse and faster for Supplier Deliveries), and the diffusion
index.
For each of the indicators measured (Business Activity, New
Orders, Backlog of
Orders, New
Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response and the diffusion
index.
The
index registered its second consecutive monthly decline after climbing to a 13 - year high of 60.8 in August on the back of a decline in supplier deliveries and new
export orders.
For every respective indicators being gauged (New
Export Orders, New
Orders, Imports, Backlog of
Orders, Inventories, Production, Employment, Supplier Deliveries, Prices, and Customers Inventories), this report reveals the percentage reporting each response, the net difference between the number of replies in the confident economic direction and the undesirable economic course and the diffusion
index.