As we approach the 4th of July weekend, there are plenty of reasons to celebrate all the economic improvements we’ve witnessed in the US recently. After all, the Fed is talking “taper” because economic conditions are so much better than they were a year ago when the current round of quantitative easing was launched. Among other things, the nation is undergoing a manufacturing Renaissance. Except we ran into a bit of a “soft patch” this spring.
Tag Archive for Ism
The ISM report: US manufacturing slowest since 2009 – Sober Look
by Sober Look •
Today’s ISM report confirmed what was already visible in the Markit PMI figures (see discussion) – the “spring slowdown” in US manufacturing is here. The table below shows the breakdown of the month-over-month changes – orders and production seem to be…
Complete confusion over the trajectory of the US manufacturing sector – Sober Look
by Walter Kurtz •
This is a syndicated repost courtesy of Sober Look. To view original, click here. The divergence between the two US manufacturing gauges (discussed here) is making market participants uneasy – again. The Markit PMI measure (both seasonally adjusted and unadjusted) for March was clearly in growth territory. >50 = expansion Markit’s commentary on US manufacturing…
US data: manufacturing activity remains weak; improvements seen in consumer confidence and resi construction- Sober Look
by Walter Kurtz •
The Manufacturing ISM number did not surprise to the downside as Goldman’s GSAI was indicating (see discussion). The divergence between GSAI and the ISM has in fact widened, as the corporate sector exhibits a great deal of pessimism. Nevertheless US ma…
Spooky Halloween surprise from Goldman – Sober Look
by Walter Kurtz •
The Goldman Sachs Analyst Index (GSAI) hit a new post-recession low this month. The index is a composite of corporate outlook by industry from Goldman’s company research. In the past, the index generally fell in line with other economic activity indice…
Citi Economic Surprise Index spikes – Sober Look
by Walter Kurtz •
Today’s employment report has sent the Citi Economic Surprise index sharply higher.Citi Economic Surprise IndexThis is building on earlier momentum from stronger than expected US economic indicators such as the ISM PMI results.Manufacturing (white) and…
For Economic Chart Lovers
by Bears Chat at The Wall Street Examiner •
Latest Updates on 40 Economic and Financial series, each presented to tell the real story accurately and completely.
Commercial Banking ChartsConsumer Sentiment, Stock Prices and HousingDurable Goods and Factory OrdersEconomic Chart GalleryEmployment…
US May manufacturing growth slows: ISM – Full story
by Newswires •
US May manufacturing growth slows: ISM (via AFP) Growth in the US manufacturing sector slowed in May as the pace of production dropped on falling prices and slower orders, the ISM monthly purchasing manager survey showed Friday. The Institute for Supply Management’s index fell to 53.5 from 54.8 in April, showing the sector is still…
US services sector slowed in April: ISM
by Newswires •
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US Service Sector Growth Slows More Than Forecast – CNBC.com
by Newswires •
CNBC.comUS Service Sector Growth Slows More Than ForecastCNBC.comUS service companies, which employ roughly 90 percent of the work force, expanded more slowly in April. Companies saw less growth in new orders and hired at a weaker pace. The ISM's s…