US manufacturing (ISM PMI) has dropped in sytematic, robotic fashion over the last 12 months From an index reading of 53% in June, 2022 to 47% today, the sector has…
The March ISM report on manufacturing is right on schedule to our macro view Manufacturing is not a laggard, like a lot of the inflation stuff and services-related employment still…
The December ISM Manufacturing Survey is per our 2023 plans The December ISM report is bad, folks. And it's on track to our favored view for this year as the…
The September ISM shows manufacturing continuing to weaken Of course, this is a forward looking economic indicator, so why would our friends at the inflation-fighting Federal Reserve take it or…
May ISM and Payrolls both positive Today the backward looking Payrolls report gets the headlines but this week saw another important economic report. One that probably contains more important information.…
ISM hints at forward deceleration Uncle Buck As a former manufacturing guy I am well aware of how monetary policy and the state of the US dollar affects US manufacturers.…
ISM's Report on Business (RoB) blisters upward, but... My former residence within the real economy was right here, in the manufacturing base. I don't miss it even one little bit,…
Here is the full ISM Report on Business if you'd like to check it out. Here are the concerning items I've marked up... Here are what some respondents have to…
I guess the post's title could be taken a couple of different ways. But let's play it straight and break down the report from my former sector of the economy.…
The PMI declined again in August and it was not just due to less important readings like Production or Deliveries. The key failures are highlighted. Backlogs grew for the period…
The headline is 58.7% (full report here) but I have highlighted in green the items that matter. New orders are brisk, along with employment. Inventories, backlogs and prices implying cost…
ISM is not going to move many needles one way or the other with this report. I've highlighted the important items. New orders eased but are still in growth mode…
The most important ISM element is the one that improved the most in September; New Orders. Order Backlog contraction eased as well, to near even. A few notables are highlighted…
The weak ISM headline number (PMI) was an excuse for bonds and precious metals to bounce and the US dollar to drop today. It evidently inspired wild eyed casino patrons…