March ISM report; Macro view on track
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…
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April 4, 2023
December ISM Manufacturing RoB continues to decelerate
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…
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January 4, 2023
ISM continues to decelerate
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…
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October 12, 2022
ISM & Payrolls
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.…
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June 3, 2022
April ISM and the forward economic view
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.…
May 5, 2022
A Decidedly Different Look at the ISM Report on Business
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,…
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April 2, 2021
ISM Continues to Fade
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…
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December 2, 2019
ISM Breakdown
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.…
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October 1, 2019
Looking Into the ISM Manufacturing Report
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…
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September 3, 2019
ISM Fuels Near-term Inflation View
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…
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November 1, 2017
October ISM: PMI Steady at 51.9%
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…
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November 1, 2016
Looking into the ISM Rebound
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…
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October 4, 2016
ISM Manufacturing is Wobbling @ PMI 49.4%; Early Economic Alert?
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…
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September 1, 2016
ISM Services Eases
Factory orders came in okay, joining a pretty good ISM (manufacturing) the other day while ISM (services) eased in May. Could we be seeing a phase change, where old fashioned…
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June 3, 2016